Perpetuals: maintenance

I woke to a pleasant surprise: $BTC 🚀📈

Consequently, I close my 4.2xLONG $BTC position on @GMX_IO to lock in the gains.

2023-03-17: 0.03 $BTC invested

2023-04-11: 0.001 $BTC gained

3.2% ROI, 48% APR, even with the $131 in fees.

Now, ofc, I'm going to rebid the 4.2xlong position, because, as I've seen before, a long-gain can lead to a long-gain.

But now, I'm doing something different.

I'm setting up a $BTC 4.2xSHORT, not on @arbitrum, but on @Avax.

Weird, right? I'll get into the why. 

OKAY!

(after a weird little adventure of borrowing $USDC on @BenqiFinance to cover the short-position, then repaying that borrow and rebalancing my benqi positions, ...) 

The REASON why I set the $BTC 4.2xSHORT on @Avax is because I already have a $BTC 4.2xSHORT on @arbitrum, way, WAY below this current price.

• I don't want to cancel it for a hefty loss.
• I don't want to dilute it with more collateral.

No: I want a new short at THIS price.

Now that I have the new $BTC 4.2xSHORT established on @Avax, I resubmit my $BTC 4.2xLONG on @arbitrum.

That way, if $BTC goes WAY up again, I close the LONG and lock in profits, and if $BTC spikes WAY down from this high, I'll close my @Avax-short to lock in profits.

YAY! 🎉

AVAX

Using my new method for perpetual-maintenance, I closed my $AVAX 4.2xSHORT position on @Avax @GMX_IO, making $118. 

Deets:

2023-04-11T08:22 invested 900 $USDC for $AVAX 4.2xSHORT at $18.37-per

2023-04-11T23:59 closed at $17.75-per

fees: $8.98

profit: 118.28 $USDC after fees

After closing the short, I immediately reopen, because, remember:

• "A fall has no bottom."

2023-04-12T00:10 invested 900 $USDC for $AVAX 4.2xSHORT at $17.75-per on @Avax @GMX_IO 

Correction:

• "A fall has no bottom ... until you place a short, then it has no top."

So, I bank, and hedge, both ways, placing a long:

2023-04-12T00:18 invested 50 $AVAX for $AVAX 4.2xLONG at $17.79-per on @Avax @GMX_IO 

My new positions on @Avax @GMX_IO after these transactions stand as follows: