> For the complete documentation index, see [llms.txt](https://docs.a51.finance/carbon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.a51.finance/carbon/a51-v3/guides/how-to-manage-your-strategy.md).
# How to Manage Your Strategy
This is a guide to all the features you will come across on the A51 app while **managing an LP strategy**.
Once you land on the A51 app, **connect** your wallet.
Navigate to the strategy creation page by clicking on **Strategies** dropdown on the top navigation bar and selecting **Manage** **Strategy.**
On the **Manage Strategy** page, you can see all your strategies with the following metrics:
1. **AUM** (Asset Under Management)
2. **PnL** (Profit and Loss)
3. **Fee** **Generated**
Click **Edit Strategy** to make changes to the strategy you want.✏️
On the **Edit Strategy** page, you can see 3 tabs:
1. General
2. Automation
3. Manual Readjust
### General
✏️This tab gives you **3** edit options:
1. Edit **strategy name**.
2. Edit **strategy description**.
3. Connect/disconnect your **X account**.
Click **Save** to proceed.
### Automation
This tab has the option to edit all the features that are **automated**:
#### Market Mode
Selecting a mode is based on your market knowledge and speculation.
If you previously chose Bull mode speculating a bullish trend for an asset, for instance, but now you see a bearish trend for that asset, you can direct A51 to rebalance using the Bear mode.
#### Strategy Owner
You can change the **ownership** of the strategy by changing the wallet address.
#### Management Fee & Performance Fee
You can change the **management fee and performance fee**, increasing or decreasing it based on how it is performing for you.
#### Rebalance Frequency
You can edit **how many times** you want to rebalance your liquidity position.
#### Price Deviation
You can make changes to the minimum and maximum price deviation using your set price range as a reference.
Click **Save** to proceed.
### Manual Readjust
This tab has the option to edit all the **manually adjusted** features:
#### Price Range
You can **manually readjust the price range** of your liquidity position either on the liquidity graph or edit the numbers below.
#### HODL Liquidity
If you neither want to withdraw your liquidity nor want to keep it active, you can **HODL** (hold) it.
It means your liquidity is in the protocol in a **dormant state**. You can withdraw your HODL liquidity or make it active again using a toggle.
Following are the possible scenarios why would you need to HODL liquidity: 👉🏼When the PnL is way more **negative** in the liquidity as compared to **holding** it for a **temporary** period of the **low-volume** market.
👉🏼When the liquidity is completely **one-sided** and the current price is **too far ahead,** running a rebalance will inflict more **loss** on the capital due to the conversion of impermanent loss to **permanent loss**.
👉🏼When you would like to **tweak the strategy spreads** and don’t want the changes to be **directly** reflected on the LPs’ capital before they are satisfied with the configurations of the strategy.
👉🏼In the future, with the **Exit Strategy** feature, through exit price base strategy, a strategy creator can create a sequence in which the LPs’ capital will be **HODLed automatically** at a set trigger price.
#### Swap Token
You can adjust the ratio of tokens in the position by manually **swapping** the tokens in any proportion.
Click **Save** to proceed.