The problem with a guy like this is he is trading the wrong side but is coming up with excuses/making things up to keep him in the trade. Ya see it all the time....position goes against them..they look at the board and pretend they see something which gives them excuse to stay in a bad trade....
The best is these clowns who see a 2 point sp bounce and scream "SHORT COVERING"......
Eventually people like this get caught in the one trade that blows up their account....kinda of like the guys in 2006 who claimed they were bulls but had losing yrs.....
Guys like him will wipe out all their hard earned profits in a matter of days when the mkt pulls back.....kind of like all the unfortunate people who started their trading careers during the easy times in late 90's when all you had to do is buy anything with 4 or more letters ....they watched 2 yrs of everything they had go away in weeks/months when mkt conditions changed.....now those same people are working the night shift at McDonalds....
