I never knock people after they just taken a hit. I am sure he is thinking he is a LT investor so no problem (he is always correct) - i just hope he is 30 and not 80.
The bigger issue is thinking you know more then the market and everyone else. Me well yes I talk up when I am right but i also take a few knocks as well but thats the game.
Game has changed so much over last few years with shorts etc so they only way to make money is trade - now that doesnt mean day trading just being adaptable and not to greedy.
Someone once asked JP Morgan - yes the man himslef how he got so rich and his response was..
I took my profit early........
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