Bottom line up front
Only the most recent public fills are visible, so this audit covers the data covered rather than full account history. The account is near break-even in that window: $114.83 realised PnL after $190.62 in net fees, on $9.6M gross volume across 373 closed episodes in under two days. The headline obscures a volatile operational pattern: long positions generated $157.14 while shorts lost $42.31, but the account exhibits acute behavioural stress—averaging down into losses, re-entering after closed trades, and revenge-trading after small losses—that has been masked by a 57.6% win rate and a narrow profit factor of 1.13. The risk simulator shows that a 1% stop rule would have produced a $133k loss and a 5.6% decline in this same window, indicating the account is currently held together by absence of hard stops and tight position management rather than edge.
What the data shows
This is a high-frequency, multi-instrument scalp account operating across equities, commodities, and indices with 3x leverage. The data covered spans 25 hours (18 May 17:54 UTC to 19 May 18:05 UTC) and captures 373 closed trades plus 48 open positions. The account began near $6.26M and closed the window at $6.26M, with a highest balance in this window of $6.26M and a lowest balance in this window of $6.26M, reflecting tight intraday swings.
Long trades outperformed short trades decisively: $157.14 realised PnL on longs versus $42.31 loss on shorts. The long win rate was 60%, while shorts managed 55.4%. This asymmetry is material and suggests the account has directional bias or better execution on the long side, but it is obscured by the short-side losses and the account's reliance on fee rebates to stay positive.
Fees consumed 37.3% of gross PnL. The account paid $226.72 in gross fees but received $36.10 in net rebates (maker rebate rate 42.55%), netting $190.62 in fee drag. Realised PnL before fees was $607.82; after fees, $114.83. This means the account was profitable only because it took maker liquidity and received rebates. Without rebates, the account would have been down $76 in the data covered.
By instrument, the account showed edge on SILVER (57.7% win rate, $104.49 realised PnL), SNDK (55% win rate, $42.88 realised PnL), XYZ100 (60% win rate, $15.53 realised PnL), GOLD (77.8% win rate, $21.15 realised PnL), NVDA (60% win rate, $11.79 realised PnL), and CL (59% win rate, $11.79 realised PnL). The account showed no edge on MU (51.7% win rate, $151.11 loss), INTC (53.3% win rate, $76.68 loss), and BRENTOIL (57.1% win rate, $16.22 loss). MU was the largest single drag: 29 episodes, $151.11 realised loss.
Trade quality
Win rate of 57.64% is above 50% but not exceptional for a scalp account. Profit factor of 1.13 is weak: for every dollar won, the account lost $0.88. Expectancy of $0.31 per trade is marginal—on 373 closed trades, that compounds to the observed $114.83 realised PnL. The win/loss ratio of 0.83 means average wins ($4.51) are smaller than average losses ($5.41) by 17%, a structural disadvantage that is offset only by the higher win rate and fee rebates.
the account is only marginally profitable in the data covered on edge; it is profitable on volume and rebates. If fees were neutral, the account would be underwater.
Post-mortems
MU short, 19 May, entry 690.96, exit 692.08, $33.33 loss. This trade was flagged for averaging down, oversized loss, and revenge trading. The account opened a $11.7k notional short position and held it for 0.01 hours (36 seconds). The position moved against the account immediately (MAE -0.34%), briefly recovered (MFE +0.27%), then closed at a loss. This was a revenge trade following a prior $1.14 loss on META. The structural stop was 4% away; the account did not use a hard stop. This is a classic revenge micro-trade: small prior loss, immediate re-entry at size, no stop, and a quick exit at a loss.
INTC short, 19 May, entry 111.59, exit 111.99, $95.18 loss. Flagged for averaging down and oversized loss. The account opened a $22.1k notional short and held it for 0.15 hours (9 minutes). The position moved against the account (MAE and MFE data unavailable). This was the largest single loss in the top-losses list and was preceded by a $17.49 FOMO re-entry loss on the same coin on 19 May at 12:03 UTC. The account had closed INTC at 106.88 on 19 May at 06:03 UTC, then re-entered at 106.64 at 12:03 UTC (6 hours later), and then opened a new short at 111.59 at an unknown time. This is a pattern of repeated re-entries into the same instrument after losses, with escalating size.
What the risk simulation reveals
Under a 1% stop rule applied historically to this data covered, the account would have realised a $133,263.74 loss and a deepest decline in this window of 5.61%. Under a 2% stop rule, the loss would have been $266,527.49 with a deepest decline of 10.98%. Under a 4% stop rule, the loss would have been $533,054.97 with a deepest decline of 21.08%. Six episodes were stopped early under all three rules, indicating that at least six trades would have hit their structural stops.
The simulator is gross of fees. These counterfactuals reveal that the account's current profitability is entirely dependent on the absence of hard stops. The account is running with structural stops set at 4% (instrument default) but is not enforcing them. If stops were enforced, the account would have suffered catastrophic losses in this window.
Open positions
The account holds five open positions, none with stops in place:
- XYZ100 long, 3x leverage, entry 28994.98, unrealised +$3.75. The largest open position by notional.
- TSLA short, 3x leverage, entry 404.134, unrealised -$0.65.
- NVDA short, 3x leverage, entry 223.288, unrealised -$3.32.
- GOLD short, 3x leverage, entry 4502.5, unrealised -$0.03.
- HOOD long, 3x leverage, entry 74.948, unrealised +$0.17.
All five positions are 3x leveraged. None have stops. The net unrealised PnL across all open positions is approximately -$0.15. These are small positions relative to account size but are unhedged and unprotected.
Honest summary
- Strength: Long-side execution is materially better than short-side. The