First ever Sol Perp
2025-01-14
Category: None

First Perp Trade: Testing the Waters with SOL!

This morning at 12:45, I officially dipped my toes into the world of perpetual futures with my very first trade on $SOL. It’s a modest position—tiny, really—but that’s the point! I’m here to learn the ropes without blowing up my account. Trading is a marathon, not a sprint, and today is all about getting comfortable with the process.

The setup? Classic risk-reward structure. My entry was at $183.10, with clearly defined stop-loss and take-profit levels. I’ve got layers to my exit strategy, as you can see from the chart. Scaling out at key resistance points lets me lock in profits along the way while staying exposed to further upside potential. The first target is just under $195, but if SOL decides to stretch its legs, we’re talking potential hits at $203, $210, and even $215!

This is more than just a test run—this is about discipline and strategy. Leverage is at a modest 3x (nothing crazy), and my risk management is dialed in. I’m aiming to let the trade breathe while staying in control. Plus, let’s be honest, there’s no better way to learn than by doing!

Perpetuals are a different beast from spot trading, but so far, I’m enjoying the ride. It’s exciting to see how these tools can amplify both opportunity and responsibility. Whether this trade hits all the targets or decides to fizzle out, the real win is the experience gained.

Wish me luck—here’s hoping  CRYPTOCAP:SOL  shines today! 🌞