From what I observed of THA, they take a position after a serious news event - and if market goes against their position a certain amount, they close their order - so far so good. Now, if market goes ACCORDING to their position AGAIN within a short period, they TRADE AGAIN, and AGAIN, and AGAIN.
What does this entail? If market finds a clear direction after a news event, then yay, THA either wins decisively, or hits order SL and takes a single loss.
If market becomes choppy, they trade multiple times, usually most of them with small losses for THA itself. But for investors, each of those losses is ALSO hit with a big divergence.
My main beef with THA is because they have a terrible CS score. I observed almost all of their orders live past 3+ month or so.. and a good chunk of time they get the news reaction right.. but they don't close their profits in a reasonable manner.. Maybe I am being unreasonable though, and long term their CS strategy might be better.