# 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.**

<figure><img src="/files/LLjFb4eDjx9oFRJiq519" alt="" width="563"><figcaption></figcaption></figure>

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**

<figure><img src="/files/ePAyBnUiOIIzeihC4L2c" alt="" width="563"><figcaption></figcaption></figure>

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 <a href="#general" id="general"></a>

✏️This tab gives you **3** edit options:

1. Edit **strategy name**.
2. Edit **strategy description**.
3. Connect/disconnect your **X account**.

<figure><img src="/files/Ax71moH2JNv7W4Qn4Cyq" alt="" width="563"><figcaption></figcaption></figure>

Click **Save** to proceed.

### Automation <a href="#automation" id="automation"></a>

This tab has the option to edit all the features that are **automated**:

#### Market Mode <a href="#market-mode" id="market-mode"></a>

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 <a href="#strategy-owner" id="strategy-owner"></a>

You can change the **ownership** of the strategy by changing the wallet address.

<figure><img src="/files/qWQ2dHjrWJK9FgEICOoI" alt="" width="563"><figcaption></figcaption></figure>

#### Management Fee & Performance Fee <a href="#management-fee-and-performance-fee" id="management-fee-and-performance-fee"></a>

You can change the **management fee and performance fee**, increasing or decreasing it based on how it is performing for you.

#### Rebalance Frequency <a href="#rebalance-frequency" id="rebalance-frequency"></a>

You can edit **how many times** you want to rebalance your liquidity position.

#### Price Deviation <a href="#price-deviation" id="price-deviation"></a>

You can make changes to the minimum and maximum price deviation using your set price range as a reference.

Click **Save** to proceed.

<figure><img src="/files/JxXytJGHPgiyWzkqErDf" alt="" width="563"><figcaption></figcaption></figure>

### Manual Readjust <a href="#manual-readjust" id="manual-readjust"></a>

This tab has the option to edit all the **manually adjusted** features:

#### Price Range <a href="#price-range" id="price-range"></a>

You can **manually readjust the price range** of your liquidity position either on the liquidity graph or edit the numbers below.

<figure><img src="/files/BH6gdwcVr6Boi2t2RzFP" alt="" width="563"><figcaption></figcaption></figure>

#### HODL Liquidity <a href="#hodl-liquidity" id="hodl-liquidity"></a>

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.

<figure><img src="/files/UTIlGNKsqjJacm3H2hsv" alt="" width="563"><figcaption></figcaption></figure>

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 <a href="#swap-token" id="swap-token"></a>

You can adjust the ratio of tokens in the position by manually **swapping** the tokens in any proportion.

<figure><img src="/files/R9ALL61PT6c2nvVeL1t1" alt="" width="375"><figcaption></figcaption></figure>

Click **Save** to proceed.


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