Both trading and educating(as being discussed here, the trader is the teacher) have one thing in common... it's all you!! Based on that, they are both "bad" things in that you are the legacy. When you go, so does the trading and/or the teaching. Very difficult (not impossible) for a trader to create a viable, profitable, sustainable business to pass on down the line. Much easier (and in ways, "better") to just make bank, and pass on the out-sized (in relation to your family tree) wealth. And don't forget philanthropy... which you should be doing all along to assist and promote your beliefs and causes.
Simply means that trader's metrics indicate that he/she has an edge and it's persistent across different market environments.
My opinion is that skill is transferable, but talent (and experience) is not. You can train someone to be better, but you can't train them to be a star.
For the markets to fully recover, at minimum the economy would need to be back where it was couple months ago, even if you discount temporarily lost income. Everyone would need to be flying again, going on cruises, eat at restaurants, going to concerts, etc. And all the people who just lost their jobs and gigs would need to get those jobs back. Everyone who will be evicted next month for not being able to pay rent would need to be invited back without having to pay back rent. Etc. So yeah, the markets will go as high as your imagination permits.
The transferee is what is important for even transfer of skill to be true, IMO. Take a look at the turtles, where are they (the students) now? There were initially 20 students.
Why would it "suck"? If you're a real trader you don't care which way the market moves or why it moves.
Turtle Trading was a genius idea in the late 70s-early 80s when it was hatched (no pun intended). It stopped working by the early 90s as more traders (even retail ones) got charting/backtesting software and market became more efficient. Now it only works during times of extreme volatility (like now). Some people (like those promoting Russell Sands) still peddle it after they had a good month, but they don't show long-term performance. And of course, no one can tell you when to start Turtle Trading and when to stop. No one can predict when markets will make big moves...that's the whole point of the system.
The market and economy are 2 different things (c'mon, that's 101 stuff) If this is just a temporary panic/disruption lasting into early summer, people will forget about (and get back to business) VERY quickly
I've discussed this with him and he's content making $500-1000 on days when the market is making huge down moves (the kind we usually only see a few times a decade). He says he's never been able to trade big size, despite being a market educator since the 1990s. Those are the facts. Draw your own conclusions (I'm not insinuating anything; just reporting).