This is only a guess, but many private placement trading agreements have clauses about the rewards percent for a winning trade and the % penalties of a losing trade, both being without regard to how large or small the trade is, and sometimes even hedged trades are counted as one trade as long as any part of the position is held open and was initially taken within a 'specified' time of each other.
This is why it confuses people when someone keeps a loosing position open for what seems a ridiculously long time. It is a real live case of it ain't over until the big lady sings.
If you happened to be the follower of that one bad segment and and maybe took a multiplied position, then you got in an unexpected and unwanted mudslide. The seemingly 'I am just managing risk' befuddles many except the trader them self, as they are managing risk, THEIR RISK, as their payout is usually not just based on pure dollars of win or lose.
- - Regards
Capital Edge Forex
"When Performance Counts"