Zeta Time: Your First Perp Trade

This article was compiled from a long-form Twitter thread. To read the original, visit this link: https://x.com/inv515/status/1885499291567116590

If you're curious about trading but haven't started yet. Then here's all you need to know about feeling at home on ZetaMarkets
A Thread for you
1/11

Zeta is a key player on $SOL with their own token already launched & future projects currently being built.

The new L2 rollup (test net mode) will give some sweet perks.
This previous post will teach you more. 2/11

https://x.com/inv515/status/1884240076277965086

If you aren't set up to trade, join using the link below for some perks.

To trade, you'll need to deposit USDC into your Zeta account.

Make sure you keep enough $SOL in your wallet for Gas & Rent fees. 3/11

https://dex.zeta.markets/trade/SOL-PERP?r=5GmbY4

The UI is simple to follow. Everything you need is across the top.

If you don't have stables, you can swap into them via Zeta using an interface for @JupiterExchange 

Now we're funded, it's game time.
4/11


Let's trade a $SOL perp to keep it simple.

I know a hungry Hampter who likes data, so we should use the @hampterfi suite to increase the chances of a good trade.

Using this gives us clear markers related to the current market. 5/11


Establishing numbers can be tricky but the Hampter does it for us. It's an AI tool though, use it carefully.

Data shows a stop-loss of 229, with take-profit at 236.00

Let's roll with that & go long. 6/11


What is stop-loss & take-profit?

It's as it sounds, but use this to help protect your capital.

If the prices move out of range, the trade will close off automatically keeping you protected.

We'll apply these when the trade is opened, turn it on in the menu. 7/11


A Recap
Zeta is funded, the Hampter is fed & we know the numbers. Let's talk leverage.

This means, if you like, you can trade more than your capital value (atm, up to 20x).

Be careful & watch your liquidation price though. It can get risky during times of movement. 8/11


Checking
Given SL/TP was applied, your trade will close automatically when one of the values is reached.

To see the outcome, visit your trade history.

You can see that on the main page, but this is a sad pic.

Boom, Liquidated. This is why SL/TP matters, NFA though. 9/11


If you liked this thread, you'll love what's coming next.

Am currently compiling resources & tutorials for the launch of Zeta-X

Spot the upgrades, learn to navigate the UI & make easy, profitable trades.

Wanna read about something? Send an @ 10/11


Follow to get the latest. You can also keep an eye on @gimme_crypto_ for other interesting projects.

All the good stuff goes to Telegram, including info on how to join & participate in the layer quests.

Look below.

Telegram

End of thread. 11/11