BTC 500x Profit Taker

Thesis

One 500x BTC long on Papertrade that cashes out as soon as it is $100 in profit.

Strategy

• Entry: Opens a single BTC long with 120 USDC at 500x, about $60,000 of BTC, on its first run. • Take profit: Every 5 seconds checks open profit and closes the whole position once it reaches $100.

Exposure

• Holds: One BTC long — A single 500x BTC long position until it closes. • Venue: Papertrade — Your USDC sits in your Papertrade account. • Leverage: 500x — A small drop of about 0.1% to 0.2% can wipe out the margin. • Costs: 2% of winnings — Papertrade keeps a share of each winning trade. • Data: Circuit — Uses Circuit's own position and price data. • On unwind: USDC — Margin plus or minus profit returns as Papertrade USDC.