Yes, door #4 fits most of us over the course of our penny and sub-penny trading history. No matter how much 'DD' we do, we never really know what is going on behind the scenes until history tells us. Most often we notice when the ink turns red in our portfolios. Once in awhile we hit green and if we are lucky it is enough green to make up for all the red we have been snookered into. So regardless of how we may think of ourselves as traders, I think that we've all fit the door #4 description at one time or another and from some perspectives, all the time.