Commentary Topic from greenfaucet
Back in mid-2008, I had a friend who lost over 60%. I offered to sit next to him for one afternoon while he was trading and I made sure he was free all day. This was in early September. I told him to initiate short positions and "leave them alone for a few days". He closed out the positions within minutes. He started freaking out because aswing trade was going 5-6% against him.