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Jaytrade: Lucky, yes, aren't we all at times? Of course, but running up so much so quickly is luckier than most. He made 1/3 of it all on this one trade There you go - right place, right time. Then again, many decent or better traders would have made a ton of money during the fall...

If he was a natural, he wouldn't have risked so much. He obviously got very lucky. He certainly wasn't profitable (even if the trades were good, his risk was awful). Why did you not point this out to him? More importantly, why did he not realise this immediately?

Not a single one? In your post you show what you think is proper risk management and that a retail trader can practise it, yet you claim none do? Mental plan is no problem if you're diciplined. Statements like these are often a reflection of the individual, so the fact that you're making...

If there's only a few, then they're not normal, they would be exceptional. We're all animals and most of us are capable of anything. To deny this is extremely naive.

There is a point which when passed most of us would kill, although it will seem distant and extreme. Also, few people are innocent. There are obviously quite a few thieves in this thread alone, and all most people need is the opportunity and excuse, and the more it occurs the more it will...

GDP per capita is hardly a sensible comparison to the standard of life for the majority. The gap between rich and poor is greater in the US than the majority of the developed world, if not the greatest. If you look up standard of living, I'm quite sure that the US is below Belgium. And...

And if they have a better standard of living? They're hardly third world, and Belgium in particular is a higher standard than the US. They're certainly not obscure and irrelevant countries. At least not to anyone who isn't completely ignorant of the world outside of their nation. It's ironic...

You did say it was enough to make a living from, and I wouldn't disagree if it's by someone young with low expenses. I'm not that much older than you and probably have similar necessary expenses, and 16k would be enough to build into a decent amount within a couple of years, providing I'm a...

How many succeeded in their second shot the following year? :p Literally yes, but a profitable, level-headed trader who practises sensible capital management is unlikely to "fail". If he blows and account, it's very likely because he wasn't trading profitably, was trading irresponsibly or...

Maybe for someone young and minimal expenses like yourself. A man with a family and mortgage will need much, much more. The number varies greatly depending on the situation of the individual. As for saving living expenses in advance, I agree but I place more significance in being able to...

That's just silly. The amount is different for everyone, and many traders need nowhere near that amount.

The stat would be a guess, but the vast majority wouldn't succeed, simply because they won't see it through. The ones who "fail" those who didn't take it seriously.

No. I'd suggest the flipside and say you haven't lived until you've been down and out, as it puts things in perspective and should make people realise what is truly important to them. Living is about doing what you enjoy. That may or may not require being rich.

Allow me to edit your post: You don't like it, then don't go to the casino. By the same logic, if you don't like the way credit card companies run their businesses, then don't use credit cards. Yes credit card companies are looking to exploit their customers, but at the end of the day the...

I am the market.

Then don't get a credit card, or at least keep expenses well within means. Falling behind is just financially irresponsible, and the person has no-one to blame but themselves.

I'm not excusing them, but spanish89 admitted to doing it nearly a year ago, and seemed to imply that it was intentional (didn't make one repayment). It's interesting to see so many demonise Wall Street when it seems much of the public would have done the same.

You actually make sense here, but I expect this is just an anomaly.

Again, I expect your just posting rubbish to get a rise from some posters, but if it did in fact take you three years, then I would suggest that you are the one who doesn't stand a chance, and if so then you are in no position to advise how likely it is for others to succeed.

So, basically you stole a reasonable amount of money?