It is a joke to him whether he realizes it, admits it or not. I don't even mean that in a bad way though, it's actually a good thing. Obviously he has a rather large account size. The weekly chart regained recently, that is bullish. If the market was going to go up to at least clear out short stops it was going to be now. The only other likely option(not saying only just likely) would be for the weekly regain to fail and than markets drop another 10-15% from there, with maybe even a limit down day.
That's literally his trade, not even joking at all. It really is that simple and straight forward. We regained lows, which causing at least short covering. If it can't even manage that than market is completely f'ed.
This is why others would fail though. #1 They probably don't have the cash to be able to effectively hold the trade without panicking #2 They would cut the trade pre-maturely "locking in profits" not understand that he's going for a bigger move, because he had to take risk to begin with. If he just cuts his trades off at the knees every time, than when he has a loser his Risk/Reward is going to be thrown off.
To him he is using his strategy, experience and probability. That's why he is giving it a wider stop, he's not looking to gamble or panic move his stop up. Letting his trade play out and if it doesn't work, that's fine on to the next one. That's the difference between profitable traders and ones that wait for the market to have a huge rally, than get long and get sold into. Because they think the money is made when they sell the position, but it isn't the real money is made when you buy the position.
