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Disclaimer: The information provided in this trade alert is for educational and entertainment purposes only and should not be considered as financial advice. The author is not a financial advisor and is only sharing their personal trading activities in full transparency. The opinions expressed in this alert are the author's own and do not reflect the views of any other individual or organization. Investing in cryptocurrencies and other financial instruments involves a high degree of risk, and you should not invest money that you cannot afford to lose. Always do your own research and consult with a licensed financial advisor before making any investment decisions. The author is not responsible for any losses or damages resulting from the use of the information provided in this alert.

I just closed this long position on SOL-PERP - closed at $219.95 made a profit of 36.8% since Sunday.

The trade has been quite a rollercoaster. I had the opp to close my position twice around $220, and I even had a take-profit order set at $219.95 this morning, which I decided to cancel - this time i was not going to let it pass.

IADSS on the 3 min and mean reversion said it was ok. Plus making nearly 40% since Sunday ain't bad.

Per the models the odds of mean reversion are high, but the weird thing about this one is bitcoin is weak and SOL is outperforming, which is unusual these days so it could actually break out higher, but I'm very happy with nearly 40% but I think the odds are resistance up around this 222 level is high

I am now 12 for 12 PERPS

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Comments

John

Thanks James I took profit at the same time and now a big dip.

Teal

@James, can you please write the Actual Trade in the Subject of the Trade Alert? Ie. This one could be called “Close SOL Perp” or “Close SOL Perp @ 219.95”. That would be so helpful in both seeing the trade and finding a trade that is listed back in the history. Thank you!

Silv3r W0lf

Thanks James. 20% profit here in 3 days. 🙏🏼👍🏼

AshGenX

Godlike behaviour James…. Respek!

6Sixnine9

Same, but a little less this time I got around 25% gainz 😎 well happy.

ShouldHaveBoughtMore

Dear all - for anyone using Koinly for tax tracking, do you have a good workaround for Koinly not automatically syncing with Jupiter for perps? Seems like you need to manually enter the P&L but is there a clear set of instructions somewhere? Thank you in advance!

YahooKickR

awesome.. love reading these perp results... price your going back in ?

Jonathan W

When you post your Sol as collateral and open a long perp, is it considered a disposal and taxable event?

Dwzy118

Does James have a video on how to execute a perp?