IA JUP Perp SOL 3.3x Long Update (Patreon)

TLDR: The trade made over 100% in 20 days.  So that is the good news! 

I wanted to take the time to break down the trade so people can understand the mechanics of perp trading:

• Initial Position Entry Date: January 23rd. This marks the start of the experiment. SOL at $83
• Purpose of Experiment: To see how long the person can hold a leveraged long position, specifically considering the hourly borrow rate.
• Borrow Rate: 0.0087% per hour. This rate applies to the borrowed amount used to hold the leveraged position.
• Holding Period: 20 days. This is the duration for which the position was held.
• Performance of Solana: Up 37% during the holding period. This is the price appreciation of Solana itself. The perp net of fees made 101% in 20 days. 
• Expected Position Performance: Given a 3.3X leverage, the position's expected performance would be 122.1% up. This calculation is based on the leverage multiplying the underlying asset's performance.Calculation: 37%×3.3=122.1%37%×3.3=122.1%.
• Fees Impact: Over 20 days, fees consumed about 20% of the position's value. This suggests an approximate fee rate of 1% per day.Calculation for total fee impact over 20 days: 0.0087%×24 hours×20 days=41.76%0.0087%×24 hours×20 days=41.76%.
  The mentioned 20% fee impact seems to be a simplified or estimated figure, possibly considering the net effect after gains.
  

Conclusion of Experiment: The experiment is deemed a success, with intentions to undertake more such leveraged positions.

• Despite the success, beware of LEVERAGE.  It can wreck you. I had lots of capital down to prevent any liquidation. 
• There's an expressed interest from peers wanting to learn how it was done so hope this helps.