Sounds interesting.
I have heard that 90% of all day traders lose all their money.
I had a friend doing it and I think it requires a fifth of vodka per day as well, so that needs to be figured into the cost of business. You would also want to figure in computer and internet fees and look at alternative use of time.
For instance if your friend is spending 2 hours per day trading and researching, you would want to value this at maybe $40 per day especially if you use those same 2 hours to earn $40.
That would seem like and expensive hobby then at 14,000 per year, only to loose all your investment?