There are a lot of assumptions in your comments, the fact that the guy who lost over $100,000 trading above his lifestyle range likes your comment shows everything that Einstein commented was correct, everyone comes in to the markets with too high expectations and few lower them enough to succeed, at least they can say they were told and didn't listen, nice dinner party talk.
Now, that does not mean you can't generate market beating returns with knowledge, experience, technology, at 15-20% you need lifestyle and knowledge of a millionaire (HNW) or 0.5% probability of success, but you can equally generate VHNW and UHNW returns and above, yet the probability of that is 0.1% and below, a $20,000 algo on its own cannot compensate.
The lost $130,000 this guy made if he wanted to recover within 2yrs would need 60% per year, and will almost certainly lose more at a later date, you think they will learn from the experience, that's not how the markets work but I understand your eagerness to egg them on (1).
Sure let's say could recover $130k in 1yr on alpha however would make $180k doing it, I've done it for funds before, but that's not how it works, now (1) is the interesting part, the world works on trying to pass their 'survival' to the next person so that they can thrive themselves a little bit more, which is the basis on most of these comments from everyone.
Now if you could recover $130k that person would succeed where everyone else failed by bringing themselves back online in 1yr not 14yrs, but in having the knowledge to do it the person generating those recovery amounts would succeed more, which is contrary to how the society works, the lower you go down the social ranks the more acute this becomes, welcome to the world of the financial markets.
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