LLJ000. Leverage is my friend. Serial trades. I love scalping ;)

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Hi, Very eye-catching performance to 2024116
Seeing your 500:1 leverage and with these trades, you are using it well. (4000+ annualised % is going to be a bit tricky to maintain)
500:1 Leverage IMHO is not all bad. Your broker must be in business outside a nanny state.
Realistic professional traders will prepare for a black swan event and one way could be to have a 500:1 leveraged account and have 4/5ths of their trading funds at home in their private bank account.
Stay awesome.

Exactly. I often explain this, but not many people understand. I mostly play series of 8 moves, taking about 2000%, and I cash out everything. So, I keep at home not 4/5, but 99/100 of the funds. This also means that I am not affected by bad luck in the form of earning thousands of % and losing 100%.

Interesting.
Sh.t CAN happen. I was trading with a broker that "went down." The staff and management had been "fiddling" with the accounts. All our funds were frozen for four years while the lawyers sorted it out.
Hmm, all very well to say you shouldn't trade with money you can't afford to lose but...

(sory for my english)
Money management that I often use and recommend involves, first and foremost, coming to terms with leverage. If one does not have an account with a minimum of 1 million USD, allowing for calm trading, a small account can lead to impatience and bankruptcy. It is widely known that 99% of traders go bankrupt. If one has additional financial responsibilities such as covering living expenses, mortgage, car payments, school fees for three children, etc., it becomes even more challenging.

Therefore, leverage must be treated as a friend, not an enemy, and should not be the cause of failure. Currently, I employ a money management strategy where I enter a series of 8 positions. Each position, in my case, is leveraged to the maximum (x500), where 20 pips represent approximately 50% profit or loss. In other words, each position concludes with a profit or loss of around 50%. Eight consecutive profitable positions result in a 2000% profit.

Of course, entries are not random, as randomness may prevent reaching the eighth position. This makes sense if the system provides around 50% effectiveness with a risk/reward ratio of 50/50. A success rate above 50% provides significant earning opportunities, and leverage should be considered a friend.
The advantage of this money management strategy is that even if the first 2 positions are entered and the third one loses, resulting in a 50% loss, the account is still in profit. If additional losses occur later, they don't hurt much, as the account still ends up significantly positive. After the last profitable or first losing position, a withdrawal is made, and trading resumes with the initial amount. This way, most of the money remains under our control, and there is less fear of the broker disappearing or unexpected market events.

Example:
1st position with the exit set at $280. If the stop loss (SL) is hit, the account has $100.
2nd position with the exit set at equity $465. If the SL is hit, the account has $140.
3rd position with the exit set at $700. If the SL is hit, the account has $232.
4th position with the exit set at $1035. If the SL is hit, the account has $350.
5th position with the exit set at $1465. If the SL is hit, the account has $500.
6th position with the exit set at $2100. If the SL is hit, the account has $730.
7th position with the exit set at $3050. If the SL is hit, the account has $1050.
8th position with the exit set at $4400. If the SL is hit, the account has $1500.

So, You start with 200 Usd/quest?

Yes, the example is from 200, but I also trade differently, sometimes from 100, sometimes from 200. The most important thing is for the first two positions to close with TP; if SL occurs in the subsequent ones, it's still okay.

It's also important that after completing 8 profitable positions, I stop. Withdraw the profits, take a day off, and start again. This provides security in situations where even a massive gain of x% can be wiped out by a 100% loss And importantly, a black swan doesn't pose a threat to the capital when it's in my personal account.

Do You have any trade managemant strategy, or just go for the TP?

The basic MM (Money Management) is described above. When it comes to further scalping, the key lies in exiting positions. I have many conditions. The conditions for closing positions in scalping are dynamic and dependent on the current situation.
However, yes, there are a lot of rules. Perhaps I will describe most of them later.

Could you name what do you use in your trading without details? (e g. fvg, displacement, vwap and ema..)

The most important factor is Money Management. In the second place are the conditions for closing positions. The least important, but still crucial, are the conditions for opening positions. For most people, unfortunately, the conditions for opening positions are considered the most crucial, which is an erroneous hierarchy of values. If I were to describe my conditions for opening positions, they would be based on my proprietary Fibonacci levels. The key is for the chart to be irrelevant. One tick can be 1 mm, and one minute on the axis can be 1 km. The point is that the chart may not exist for me; sometimes, I only have Excel. While my Fibonacci levels are important, time is equally significant. To open a position, the price must reach my level within a specific time frame. I determine time by specifying levels on the time axis and selecting appropriate cycles. I believe that Fibonacci exists in nature, and for some unknown reason, it does.
The same applies to cycles. The monthly cycle lasts 28 days. A woman's menstrual cycle is 28 days. Cycles exist; it's unknown why, but they do.

In summary, when it comes to entry conditions, it involves my proprietary Fibonacci levels, along with determining the moments when these levels are significant. These moments are identified through levels on the time axis, in addition to considering cycles.

Personally this is the most interesting part to ME. Would You elaborate, how do You manage Your trades, how do You exit?

I have two gaming styles. One is an 8-position game on a full lever. Each position ends with a profit or loss of around 40%, with the goal of achieving a profit of around 2500%. For this style of play, the exit is through a set Stop Loss. I set the SL level to around 10-20 pips. Here, there are strict rules.

For the second gaming style, which is also visible in the LLJ.08 account from 12 positions, the exit rules for typical scalping are already complex. The entry is calculated for the Fibonacci level only at a specific time. This way, I avoid entering Fibonacci levels at moments when holding the level is uncertain.

If the opening position conditions are met, closing position conditions come into play.

I aim for an optimal exit from the position at a Take Profit level of 10 pips. Unfortunately, it's very rare for me to close a position at TP. Most often, I close the position if I see a profit of 3-4 pips. Crucial moments occur when, after opening a position, the price moves in the wrong direction, putting the position in a loss. A significant rule I follow is that if the price drops in the wrong direction and reaches -5 pips, when it returns to the opening price, I close it even if it's momentarily in profit, even just 0.5 pips. I see it as an opportunity to close the position at the level that was initially missed. I don't wait for a larger profit. I simply close it, even at breakeven. This is a very important principle.

I believe that this principle can be successfully applied in any scalping strategy.

Fifteen years ago, I worked for a small company that provided liquidity on NASDAQ, where we also engaged in scalping. An important principle there was any profit, no matter how small. I've retained that approach, which is why I don't have the patience to wait for larger profits for a position that has been in the negative for some time.

There are still many situational rules. For example, if the price hesitates for too long without deciding on a direction, I close the position.
I close positions before the release of economic data.
Observation and getting a feel for the specific instrument we are trading on are crucial.
If, for some reason, I couldn't close a position that was in profit for a long time, and the price returned to the opening level, I also close such a position. I don't worry at all if it suddenly goes towards the Take Profit again and I missed taking the profit.

I also apply a gradation of the strength of levels. Despite specifying a particular time when, in my opinion, a level is important, each level additionally has a certain probability. Then I can determine the size of the position I will open. I believe this is quite normal.

It's definitely crucial to have a sense of when to close a position. That's why I believe it's not possible to effectively trade on many instruments. I wouldn't be able to get a feel for more than 2-3 instruments.

If I manage to achieve a profit of 10,000%, multiplying the account by 100 times with a 0% drawdown, I will consider it the end for that account. Continuing it won't make sense. I will make a complete withdrawal and start trading on a new account.

Generally, I believe that after achieving a substantial profit, it is advisable to make a complete withdrawal and start a new account. This is a safe practice considering the possibility of a black swan event or issues with the broker.