Q: What was your exit plan?

A: I didn't really have one.

I’d like to hear more details about the exact entries and exact exit, preferably with time stamps … he says he was short from an average in the high $3s (initiated on 2/25/20?) and that he added to the trade once it went against him (how much? at what prices? which dates?), and that his broker (EGRP) bought him in in the high $10s (he had no stop loss order in the market) … he had 16,000 shares and lost around $100,000.

Clearly he went on tilt, and doesn’t have a clear plan or method. He wasn’t using a hard stop. He wasn’t sizing his position to his expected loss. Basically he broke every rule in the book, and paid the price (busted out).

He said he was making an average of $1,200 a day prior to this (trading from his cellphone while at day job) … did he have stops in any of those trades? Were they mainly longs or shorts? I’d ask a hundred different questions.