Ya, he must be in big time. Seeing the price slowly fall is like slow torture.
I knew what I was getting into when I went long. Actually, it's less stressful than going all-in at poker. I can get out if I want to. I just don't want to. I can lock in profits or limit losses at any time. No circuit breakers. It's very empowering. I'm letting my bet ride because I believe it's more likely to pay off in the long-run.
I could take having my position wiped out. It would hurt, but I'd live through it. It's no worse than what anyone with a 401k, a mortgage or a small business has to deal with.