A prime example of the people that the public should avoid. A person with knowledge of the markets couldn't spend the interest on the money he would be making, and would have no reason to try and sell books and instructions. Beware!!
Over 175 ET Members who became clients of mine would disagree with you in terms of my own integrity. Having said that, yeah, generally speaking trading instruction is a snake pit. I appreciate the fact that I have sponsored this website for many years now, and am likewise pleased that you are able to participate and voice your views.
%% Thoughtful question; an animal word picture is worth 2,000 words. D trader; best to learn to trade like SPY, QQQ or oil ETFs or nat gas ETFs FIRST. WHY???If you are going to do trading/investing as a business keep expences[ losses] small as you can. But if you trade as big a size as you can[dont try this @ home,LOL] you may remember the results much better. LOL Another elite trader mentions Jack Schwager top trading books , amen to that.
I have spent a ton in my youth on people who either couldn't trade or horrible good traders who couldn't teach. I would go as much to say I agree with you that better than 95% can't trade unless it was plasma for bucks. How Toby Crabel can run a hedge fund is beyond me as he was one of worst mentors I ever had, only bright spot was he gave me 5 of his books, guess he didn't think much of it at the time. But when it comes to Bone, he very knowledgeable of markets overall, and spreading is one of THE best hidden avenues of trading. You should chat with some of students of his instead of falsely giving your opinion based on no information.
There's no one right way to trade markets, and just because one trader is successful with a particular strategy does not mean that it's transferable or easily disseminated. Simple, repeatable entries and sound position management are great features to start with. You can have some sort of technical analysis setup, or you if you favor fundamental analysis a rules or conditions set to satisfy for entry.
My first boss (RIP) used to say that "the only strategy is to buy cheap and sell rich; everything else is tactics"
Sounds like the context there was probably specifically "long only", on long-ish time-frames, and maybe just stocks? Interesting perspective, though.
Different markets require different approaches. You need to trade CL differently to ZS. Any market can be traded once you understand the basics of the market and what are the main things that affect price. Commodity futures trading is not easy, and requires a totally different mindset than trading say Blue Chip stocks, but you know this already I think. In summary, any market can be traded, every market will have winners and losers and the better you get at trading your chosen market the better the results will be. IMHO, commodity futures require far more time and effort when compared to NYSE or NASDAQ stocks, but it all depends on You, what You want to do and how much money you have to trade with.