Just like knowing when to fold, this is probably one of the most important parts of trading. Doing the opposite of what you are is what has made me a small winner instead of a big winner. P.S. this is another version of 'sitting on your hands.'
I'm noticing 2 exciting things: 1) how little money he's losing by overtrading 2) how little time he has to spend in front of his screen One can argue that he's missing gains with this grind up, but he probably took a lot of gains people missed during the August correction.