Profitable wallet strategy · One trader's method, from the public record
A perp trader added to 37 losing positions. One July trade accounted for most of the payoff
Those positions earned $160,500 before costs. Replaying the same exits without the extra exposure cuts the profit to about $80,000.
One July trade accounted for 60% of the difference when we replayed a Hyperliquid account’s perp trades with and without additions to losing positions. The account increased its exposure while underwater on 37 of the 103 positions it opened and closed from February 1 through November 10.
The six largest realized gains and losses by absolute dollar amount in the account’s monthly perp record ending November 11 at 7:27 a.m. ET. Closes and partial closes are included. Trading fees and funding are excluded.
| LIT | -$30,520 |
|---|---|
| XRP | +$27,781 |
| SOL | +$26,272 |
| ADA | +$23,723 |
| ETH | +$21,283 |
| ZEC | +$14,248 |
- Gross profit on 37 positions
- $160,498 With the trader’s actual additions and exits
- Gross profit with additions skipped
- $80,452 Same exits, proportionally smaller positions
- Largest difference on one trade
- $48,139 July 29–30 SKHX long
The trade that carried the result
The account was long the SKHX perp on trade.xyz on July 29. It bought more as the price fell and closed the following day for a gross gain of $62,256. At the same exit prices, skipping the purchases it made while losing would have left a gain of about $14,117. That one trade accounts for $48,139 of the roughly $80,000 difference across all 37 positions.
The replay uses Hyperliquid’s time-grouped fills. We skipped each addition made when the price was more than 0.5% against the position’s average entry. Every later sale or buyback closed the same fraction of the smaller position at the trader’s actual price. The comparison excludes trading fees and funding payments.
What the account earned in its latest month
Hyperliquid separately reported $157,659 in perp profit for the account across its monthly reporting window ending November 11 at 7:27 a.m. ET. That figure includes the change in value of open positions. Across $11.95 million of trading, the account realized $123,699 on closes and partial closes, paid $2,087 in trading fees and received $3,008 in funding from other traders.
XRP-0.88% contributed $27,781 in realized gains, followed by SolanaSOL-0.28% at $26,272, CardanoADA-0.34% at $23,723, EtherETH-0.27% at $21,283 and ZcashZEC-8.54% at $14,248. The largest realized loss in any market was $30,520 on LIT.
When adding made the loss larger
Taking more exposure hurt the result on 11 of the 37 positions. On one LIT short, the trader sold more as the price rose. By the October 21 buyback, the short had lost $14,800. The smaller position in the replay would have lost about $4,435 at those same prices.