Sounds fair to me. Trading is a very scalable profession, so there MUST be very low % of consistently profitable private traders. It's a good things IMO, not bad. Those who don't like this fact may work at McD, guess failure rate there is much lower.
You know near to nothing. I am not endorsing his method nor saying it is junk. You can make money with some parts of it though.
Yeah, but something is simple (not easy, simple). Probably Jack trades well, I don't know, just seems a bit redundant to trade profitably to me.