Most likely averaging down... The guy broke every daytrading rule in the book with that trade: fighting the trend .. adding to losers .. keeping a loser overnight .. trading too big .. not using a stop loss..... Im sure we all been there.. i used to trade like that back in 2002.
i think he traded a russel 2000 e-mini contract. he bought fridays close expecting an oversold bounce on monday.
the humiliation will not go away... not to mention the pain. donating will only make him feel bad. you have to let him be and if he learns something good, if not, well, here goes another one.
if you ask me, i think a trader does not have time for a blog and recorded videos... but again, that's my opinion.... i deleted my blog a while back. it felt useless.
Really unfortunate. He was ranting that 100 basis pt count still wouldn't recover the market. Ironic that the RUT has been outperforming the rest of the market. It's only down 0.76% while the rest of the market is down more like 1.3%. Sometimes it better to react to the market rather than trying to predict it.