When a trader loses all confidence and starts to Fear or Vengeance Trading they don't look at the stock and put their trust in someone who had a very abnormally high stock picking rate. We all want to think its us, were something great but it was the Tech Bubble that made all boats float.
The stocks I usually bought, I let Ted buy them first so he got the best price. I felt pity instead of the intense competitive feelings that once flowed through me. The worst mistake for Ted was buying in to one of my penny stocks I thought was going to move up over the next few weeks getting us a double, it went ballistic, both Ted and I made almost 10x our original investment. Ted's $13,000 margin account went above $100k while I did well myself. I did not hear from Ted after this trade as he paid off his bills, bought a house and snorted a lot of cocaine and traded Penny Options hoping to make his account back to $1.8 million during his glory days. This guy dropped off the planet for over a month and come's back with a sob story how his wife left him because he lost all their money trading options again. He had $7k someone loaned Ted cash because he showed them his trades(My trades) and he could make their money back playing penny stocks and not options.
His wife called me, explained what a piece of shit he was and told me I needed to get away because I was "casting perils before swine". When he finally showed after a month of parties, that's when I broke ties with him.