Essential Tips for New Players
Understand Entry Price Timing
Your entry price is set when you place your trade, not when the round starts. This is crucial because:
- You can wait and watch the price before trading
- If the price has already moved significantly, factor that into your decision
- Trading early vs. late in a round can lead to different outcomes
Use /perp status to check the current price before placing your trade!
Start with Lower Leverage
When you’re learning the game, stick to 3x or 10x leverage:
- Lower leverage = smaller losses when wrong
- Gives you more room for error
- Helps you survive longer and learn the patterns
As you gain experience and confidence, you can increase leverage on high-conviction trades.
Don’t Go All-In
Risking your entire balance on one trade is tempting but dangerous:
- One bad trade can wipe you out
- Smaller position sizes let you survive losing streaks
- You need balance to keep playing and recovering
Suggested position sizing:
- Conservative: 10-20% of balance per trade
- Moderate: 20-40% of balance per trade
- Aggressive: 40-60% of balance per trade
Going all-in with 250x leverage is the fastest way to lose everything!
Trading Strategies
The Conservative Approach
Best for: Steady growth, avoiding big losses
- Use 3x-10x leverage
- Risk 10-20% of balance per trade
- Focus on consistency over big wins
- Aim for the Risk Manager badge (10 trades at 3x)
The Balanced Approach
Best for: Most players
- Use 25x-50x leverage
- Risk 20-40% of balance per trade
- Mix conservative and aggressive trades
- Adjust based on confidence level
The Aggressive Approach
Best for: Experienced players, catching up on leaderboard
- Use 100x-250x leverage
- Risk larger portions of balance
- High risk, high reward
- Can earn Shark badge (3 consecutive 250x wins)
Reading the Market
Price Charts
When a round starts, the bot shows a 1-day price chart. Look for:
- Uptrend: Price making higher highs - consider LONG
- Downtrend: Price making lower lows - consider SHORT
- Sideways: No clear direction - higher risk either way
The round announcement shows 24-hour trading volume:
- High volume = more liquid, prices move more predictably
- Low volume = can be more volatile and unpredictable
Maximizing Daily Rewards
Daily Routine
- Morning: Claim your free wheel spin
- Check quests: See what you need to accomplish today
- Trade strategically: Align trades with quest objectives
- Stay active: Watch for Pepe and boost events
- End of day: Ensure all quests are complete
Quest Optimization
Some quests synergize well:
- “Place 3 trades” + “Try both directions” = Do both at once
- “Win a trade” + “Win with 50x+ leverage” = One trade can complete both
- “Place 1 trade” is always easy - do it first
Wheel Spin Strategy
- Always claim your free spin
- Paid spins cost 150, 400, then 900 coins
- Only buy paid spins if you’re ahead and feeling lucky
- Profit boosts are most valuable when you’re about to trade
Advanced Tips
Timing Your Trades
- Early in round: More time for price to move, but also more uncertainty
- Late in round: Less time, but you see more price action first
- Trade cutoff: Remember trading closes 2 minutes before settlement!
Managing Losing Streaks
Everyone has losing streaks. When you’re on one:
- Reduce your position size
- Lower your leverage
- Don’t chase losses with bigger bets
- Take a break if frustrated
Capitalizing on Winning Streaks
When you’re winning:
- Consider slightly larger positions
- Build toward streak badges (Hot Streak, Diamond Hands, etc.)
- Don’t get overconfident - one loss resets your streak
Badge Hunting
Easy Badges to Target
| Badge | Strategy |
|---|
| Risk Manager 🐢 | Use 3x leverage for 10 trades (safest option) |
| Degen 🎰 | Trade actively - 50 trades in a month |
| Quest Grinder 📆 | Complete all 3 quests daily for 10 days |
| First Blood 🩸 | Win your first duel - challenge someone! |
Challenging Badges
| Badge | Strategy |
|---|
| Shark 🦈 | Win 3 consecutive trades at 250x - very risky! |
| Comeback Kid 📈 | Recover from under 1,000 to over 10,000 |
| Monthly Champion 🏆 | Be #1 at month end - requires consistent excellence |
| Veteran Duelist 🗡️ | Win 50 duels - requires dedication |
Common Mistakes to Avoid
- FOMO trading: Don’t trade just because others are
- Revenge trading: Don’t increase risk after a loss
- Ignoring the cutoff: Trading closes 2 minutes before settlement
- Forgetting daily rewards: Free coins add up over time
- All-in every trade: Bankroll management is key
Final Advice
The best PerpCord players:
- Trade consistently, not emotionally
- Manage risk appropriately
- Take advantage of all daily bonuses
- Learn from losses instead of tilting
- Have fun - it’s paper trading after all!
Ready to Trade?
Start your PerpCord journey now!
