Yesterday, I had a bad trade. To put it simply, it wasn't that I misread the direction; I just placed my order too impulsively. I looked at the order book and thought "it can probably fill," but at that moment, the depth was as thin as paper. I even used a market order to fight, and the slippage taught me a lesson... I originally wanted to split my entry into two slow parts, but I accidentally clicked twice quickly, messing up the rhythm. The average price was pushed up by myself, and trying to fix it later only made things look worse and worse.

What's even funnier is that in the group, people are still calling large on-chain transfers and unusual movements in exchange hot and cold wallets "smart money." I'm not saying those don't matter, but when you actually enter the market, whether you lose or not is often decided by those few seconds of order book depth and your order placement speed, not the arrows in the screenshot. From now on, I’d rather place limit orders and wait, even if it means earning less, than using market orders as a brave move.

That's all.