Shhhhhh!!! You're not suppose to ask. He's doing it as a hedge, and because of his changed trading style. Since he doesn't have the time to full time daytrade, he can't play the down channels from the long side, so instead of going to 100% cash is hedging. You can't play a down channel with a swing trade from the long side, but can daytrade one playing the long side. That will be one free ride on your boat. Could you be it around to the eastside. Oh don't worry about that little wind to the south of me.