A single SOL long position, opened and held by the same person for nearly a month, was fully closed this morning. The average entry price at the end of August was $104.79; today the average closing price was about $120.39. About 282,700 SOL were closed, bringing realized proceeds of roughly $4.4082 million.
From entry to exit the price rose by about 15%, and the numbers aren’t exaggerated. During this month, SOL couldn’t possibly go up every single day; holding the contract position for nearly a month through consolidation is inherently difficult.
After reading it, all I want to say is this: don’t use trades like this to benchmark yourself. The amount, the position size, and the mindset are all different. If you see someone making several million in a month, first ask yourself: if it were me, when there’s temporary floating loss on some day in the middle, could I hold on?
If you can’t hold, then no matter how much it rises afterward, it doesn’t really have anything to do with you.
From entry to exit the price rose by about 15%, and the numbers aren’t exaggerated. During this month, SOL couldn’t possibly go up every single day; holding the contract position for nearly a month through consolidation is inherently difficult.
After reading it, all I want to say is this: don’t use trades like this to benchmark yourself. The amount, the position size, and the mindset are all different. If you see someone making several million in a month, first ask yourself: if it were me, when there’s temporary floating loss on some day in the middle, could I hold on?
If you can’t hold, then no matter how much it rises afterward, it doesn’t really have anything to do with you.