Do you think those on-chain transactions where someone "inserted a needle and pulled it out" are really like someone picking vegetables in your plate... I recently chased a small arbitrage, and as soon as slippage appeared, I knew: the opportunity might be real, but most of the time I’m just paying transaction fees for someone else's sandwich.

To put it simply, sandwiches and arbitrage are just a layer of window paper apart: you think you're picking up coins on the ground, but they've already collected the fare first. Now, even the staking and shared security "yield stacking" are getting heated, and it feels like the same flavor — watching the yields stack layer after layer, only to find that the risks are also nested, and who is outside counting money isn’t necessarily the same.

Now I find perpetuals/options easier to handle, I can set how much loss I’m willing to take and then exit, and when emotional trading kicks in, I just see myself as a spectator… Keep the position smaller, at least when being squeezed, I won’t be able to help but smile.