IA SOL PERP UPDATE (Patreon)

Current PERP Situation Analysis

1. The investment is currently underwater (losing money).

2. Option 1: Sell and Take Loss

   - Sell the current position

   - Accept the loss

   - Wait for a better entry point

3. Option 2: Double Down

   - Wait for a capitulation wick (a sharp downward price movement followed by a quick recovery)

   - Have SOL (Solana) ready to invest more when this wick occurs

4. Exit Strategy

   - Waiting for a potential price bump during the Breakpoint conference to exit the perpetual futures position (Perp)

## Performance Review

- The first 5 perpetual futures trades were profitable

- The current trade is not performing well so far - my position size is 0.00588 of my SOL BAG

- This position is half the size of the previous one, allowing room for doubling down or increasing position size if prices fall further

## Risk Management

- Rule Violation: Aware of breaking the personal rule of not holding positions for longer than 30 days

## Market Observation

- SOLBTC pair remains strong, indicating that SOL is not declining as rapidly as BTC