Why do you guys have a problem believing someone is short 67 contracts?
If he said he was short 1000 - then I would say Bullshit. Since I know he trades retail. :]
I have a rough idea what he's doing and in my opinion its not the right approach/strategy - unless of course he enjoy's going through these gut-wrenching trades.
This is the weakness of his strategy.
I'm guessing he makes money in general and has problems when the market pops the way it did recently.
He needs a better plan for these situations.
I actually read it before. And I was dissapointed.
People are too easily fooled -- they read something and they think its some giant epiphany.
And then they go back and trade with their new found knowledge and they get raped again. :]
Another ploy for ppl like Deepak Chopra to make money off ppl's problems.
Have you ever heard that mother fucker talk. I wish it was legal to kill ppl :]