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Hey team,

I had a question come in about my strategy, so I wanted to clarify. I use Solana as my base currency. When I'm feeling extra bullish at bottoms, I use PERPS for part of my position, but I always keep my equity in Solana. When I exit the leveraged position, it goes back to Solana.

Just to be clear, I don't take Solana off the table; I use leverage to amplify returns.

Once I exit PERP, the returns are still there, but they're no longer amplified—it's just back to spot Solana.

PS SOL is super strong these days - I may try a little hedge over the next 24 hrs if we get another pump.

 

Comments

Blessed

Can someone explain perps please

J - man

I want to get more soul, but I don’t wanna be buying it at 180 my price is $23 for buying. I don’t wanna raise that oh man someday someone’s gonna open up store or you can go in and someone can teach you one on one crypto how to do this and they’re gonna make a huge business that would be the first one in line.

Phlatbusted

When beginning my job at NASA in 1980 it was impossible to understand what everyone was talking about because in that world just as others, people communicate in acronyms as a necessary efficiency. Nasa had an acronym book published and maintained listing every known acronym which I read front to back just to be able to grasp any casual conversation at my new job. IA is unique and it would benefit the community if an acronym resource was readily available and maintained for all. This way all participants could get on the faster horses faster.

Not Elon

SOL= Solana. PERPS = perpetual trading, also called margin or leverage trading. If you weren't referring to this then disregard this message.

Gulden’s left boot

James, love the content. Would you be able to provide an update on the major Sol Alts you own? ie what’s happening in the respective spaces, your predictions, your plans to buy or sell, etc. Thanks in advance legend! NFA.

Amazing World

I am not so advance - reading and still learning

Warhammer

Is this deviation model?

Sol Hodlman

I was trying a little hedge when I saw the peak, and then there was a whipsaw. Turned out it was a certain speaker on stage. lol

Vernon

when SOL gets to $360, you would wish you bought the dips around 180. please change your mindsight around previous buys at $23. we did the same but still adding more at dips, as this baby is going much higher

Richard Day

I have no idea what PERP is? I don't think I'm benefiting from the advice anymore as I don't know enough about investing. I'm not a pro just a BTC holder. I'm also very concerned about Musk. I think he's looking more like an evil lunatic.

Agentsevn

Wish I would have taken the short early today instead a couple days ago 😂