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Let me clarify the situation:

Our highly profitable strategy appears to have been overexploited, catching the attention of market makers. As a result, they're now actively working against us.

Market makes are controlling the price with their own SHORT Perps. No SPOT SELLING

Furthermore, JUP has experienced a liquidity shortage due to the high volume of participants using this method.

Given these developments, I'll need to research and develop a new perpetual futures (PERP) trading approach to replace our current strategy with more liquidity.

REM THE RULES OF PERP TRADING

Never more than 3.3x Leverage

Never more than 1% of your Asset eg 1% of BTC, or 1% of your SOL

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Comments

rock stuff

I placed a short and everything goes up 😂

Lakis Markous

So what we do now boss? I sold at a loss 25%

James Jenkin

I added more collateral, and lowered my liquidation significantly. It looks like you can withdraw your extra collateral and increase your leverage back up again, at any time? Is that right? If so, does that mean you can wait until you’re back in a ‘safe zone’ of price, and then withdraw your extra collateral? Surely that’s almost a win/win? Get your original leverage back, but have the extra collateral when you needed it when it dropped low?

Alex

Can someone explain to me why adding collateral wipes out all the borrow fees due?

satsovercents

We are going back up baby!! Almost back at my entry price!

satsovercents

I have wondered that myself. Hope there is no sting in the tail when we close our positions.

gaurav khurana

seems like market makers are hunting short sellers now 😂

Umav7

I don’t see my positions on Jupiter, if i open the wallet y can see them but not in the perp menu on JuP, that happen to someone?

The Phantom

My entry is 232 after a double down. Nice gains finally. I don't think James closed his perp yet. Don't see an IA trade alert yet for it.

VNNR

we're back - no? :)

Jason Holder

Fees on my perp ATM are $1500. The same trade on IG index would be £150 in fees, £10 a day £35 open, £35 close. Be tax free too🤦 No wonder Solana are up there on the earnings$$