If the trade size is small 1000 pip stoplosses can actually work since they get hit so rarely. Most people will accept 30% drawdown so that gives you 3 hits of 0.10 lotsize on a 10k account. Usually that wont happen (look at his drawdown) and if you're playing other currencies they can blunt the edge by continuing to win while you're waiting for the 10% hit. The main drawback is a 1K stop will leave you with trades open for weeks until they come back to profit.
He has open trades. They're just private so we cant see them. If you subtract the Balance($4263.45) minus Equity($3116.38) then you'll see he's in -1,147.07 of drawdown right now (26.9% DD). Why hide it? LOL! - Don't be ashamed of the ugliness since they usually work out anyway.
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