I do not know if it's all so innocent. By ignoring the chart pattern and only looking at the 60 min time frame, he can put his support much too low. His followers think that that is the real support and will act accordingly. Usually the pps then dives lower than normal. At that point he can then step back in and make a profit..That way it is not necessary to go short.
right..consider his target customer base. those who are complete novices looking for the easy-peazy-fast-buck. there are no shortcuts. but there are many ways to lose your money including "subscriptions to online trading schools".
but hey good for him being an entrepreneur, self supporting and making cash.
News 
Market Data 
Discover 
