CSK3442

Main issue with new traders moving over from trading spot to perps is that most don't know when they are wrong due to existing bad habits from bag holding & dcaing. Adding to losing position and not knowing when to cut a loss is just a faster way of getting rekt with leverage. This doesn't factor in they're almost certainly oversizing as well. It forces you to define an invalidation point which is difficult to do without understanding how to read a chart

Death, taxes, ct shorting strength and buying weakness

Phoenix perps being desktop only is a good thing

Keep seeing new shiny tools shipping but the gap between retail and using them safely is too big. Solid engineering is worth appreciating but there's a huge disconnect from what's actually happening on the floor

24 hour timelock added

Been here long enough to remember how the 'battle' of nft marketplaces on solana went. Pretty frustrating to see perps approaching things a similar way. Why can't they all win together?

Solana community perps test
A - I've never used perps
B - I got shilled them but immediately felt lost on the platform then left
C - I tried using them but got rekt pretty fast
D - I'm a perps pro and understand how they work

Far too many bullish posts about perps on solana and basically 0 instruction manuals on how to use them. If you can't see a problem with this then I don't know what else to tell you

One of the main issues I see when people trade with/talk about perps is that they misunderstand what they're actually for. The main assumption is that they believe there's more risk when it's actually meant to be for the complete opposite
-leverage can act as an insurance policy against a protocol getting exploited
-leverage can limit the drain size of a single personal wallet if you get exploited
-leverage can reduce stress if an exchange suddenly halts withdrawals
-leverage forces the trader to identify where they are wrong
-leverage caps max risk if there's a significant impulse of volatili

Solana perps exam
What position has the largest notional size
A - 5x leverage $1000 margin
B - 25x leverage $200 margin
C - 2x leverage $2500 margin
D - 200x leverage $25 margin

Take a bow Dubois & Wardley one of the best fights I've ever seen

Volume, OI and market share might look good on paper for founders/teams, but are empty measurements of success if most traders that use the platform get rekt. If the community really matters, it's time to look after those same people if you want to win long term

CT is the type of crowd to look at the sandisk chart and say it's just getting started

Solana perps are posturing for another boom and bust cycle unless there's a fundamental shift. 35 perp dexs aren't going to fix this problem. Gud tech helps but it's much deeper than that

Keep seeing similar discussions cycle around on the solana perps situation. Whilst some takes are valid, all of them are missing key factors that I'm yet to see anyone address. More on this soon