Wrong. He said $10,000 worth of shares at $0.06.
The beauty of the stock market is the most you can lose with any one entry is 100%, but the potential gains are unlimited.
So, yes, it's entirely possible to buy one position at $2.00, be down 90% on it, and buy another position and have a profit overall if that other position is up more than 90%, assuming equal weighting.
In his example it's a 90% loss or whatever on one position and a 400% gain on the other. The 400% gain is multiples higher than the 90% loss.
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