$SOL Weekly Report #1: The market pulls back, but the plan remains intact š
Hereās the first real update from my long-term log with Solana (SOL).
I opened the position at the beginning of the week when the price was practically at $93.95. Currently, the market has retraced and the price is hovering around $85.20. As you can see in the screenshot, the main position is showing a -18.60% ROI (-0.55 SOL).
In any other strategy or with high leverage, seeing these numbers would already spark panic or stress. But look at the magic of managing risk:
Iām trading with 2X Cross Margin.
My actual liquidation price is down at $55.418. The market would have to drop significantly to put me in real danger.
What happened with this week's plan?
To be totally honest, this week got complicated for me and I couldnāt allocate the planned $40 to Binance. And thatās the best part of this approach! Since I donāt rely on tight margins or neck-liquidations, the position stays on its own, calm, and doesnāt require emergency patches to the budget if a week gets tough.
My projection and how Iām making gains while the market dips:
Being very honest with what I see, I believe Bitcoin is still going to seek new lows and drag the market down. But Iāve got the play covered: I opened a Short position on Solana in parallel for the medium term. If the price continues to drop and hits $60, that Short will net me $40 in profit. What will I do with that $40? Iāll buy more Solana at a bargain price on Spot.
My rule for the main Long position remains clear: I donāt get anxious over small dips. Only when its ROI hits -50% (if the market drops that far), will I inject the capital from the Short and more Spot to average down and further sink my entry price.
This is patience, hedging, and math. See you in next weekās report to see what the market did. How are your positions holding up? Iām all ears. š
Hereās the first real update from my long-term log with Solana (SOL).
I opened the position at the beginning of the week when the price was practically at $93.95. Currently, the market has retraced and the price is hovering around $85.20. As you can see in the screenshot, the main position is showing a -18.60% ROI (-0.55 SOL).
In any other strategy or with high leverage, seeing these numbers would already spark panic or stress. But look at the magic of managing risk:
Iām trading with 2X Cross Margin.
My actual liquidation price is down at $55.418. The market would have to drop significantly to put me in real danger.
What happened with this week's plan?
To be totally honest, this week got complicated for me and I couldnāt allocate the planned $40 to Binance. And thatās the best part of this approach! Since I donāt rely on tight margins or neck-liquidations, the position stays on its own, calm, and doesnāt require emergency patches to the budget if a week gets tough.
My projection and how Iām making gains while the market dips:
Being very honest with what I see, I believe Bitcoin is still going to seek new lows and drag the market down. But Iāve got the play covered: I opened a Short position on Solana in parallel for the medium term. If the price continues to drop and hits $60, that Short will net me $40 in profit. What will I do with that $40? Iāll buy more Solana at a bargain price on Spot.
My rule for the main Long position remains clear: I donāt get anxious over small dips. Only when its ROI hits -50% (if the market drops that far), will I inject the capital from the Short and more Spot to average down and further sink my entry price.
This is patience, hedging, and math. See you in next weekās report to see what the market did. How are your positions holding up? Iām all ears. š