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Phase V: Here come the swings...
Since my skills are so awesome, I guess I can see a little more flops, and just fold if I don't hit 2 pair or better. Didn't you just see that 722 flop? Sometimes you gotta play garbage just for the slim chance of hitting that monster... I mean it only costs some change so see the flop anyway. Everyone else and their momma is limping in and catching miracle cards, aren't I wasting a ton of opportunities if I'm folding 70% of my cards before the flop? You play on for a few days, winning some, and loosing some, but your bankroll isn't growing anymore. Oh well, it's just that variance thing, the poker gods will be back on my side in no time.
This is exactly what happens when you play rags without a strong postflop game.