I think it's hilarious. Why wouldn't you just figure out where are $5000 dollar loss was and just open a position at that point?
Lol. John Carter, I'll remember that name. That is a joke being sold as a strategy.
Because he wants to pay extra spread, extra commissions, and the net negative carry interest. Not to mention any additional costs involved with opening and funding a 2nd account.
The broker is happy to let him.