Some will claim that the early guesses at a top were tiny “starters” which resulted in “paper cut” losses. Alternatively, no ”paper cuts” were taken and the later adds to the tiny “starters” were all “full size,” so it turned out that the trader had a great average and a fine trade, despite the early covers. Who knows? Maybe they’re not lying, but this looks like the approach of someone who “shoots from the hip.” Why risk busting out to a true runaway?