I tried once—purely because I made a reckless move—and chased a trade on-chain. The execution price slipped away from what I expected by a chunk. I was kind of stunned right then… Looking back, it wasn’t really “luck.” I just didn’t take depth seriously. At that time, the pool looked like it had volume, but the price levels I could actually fill were very thin. I then dumped a bigger order in one go, and the slippage protection was set wide, which was basically like opening the door and letting the price run however it wanted.

After a review, I realized the order placement rhythm really needs to be about half a beat slower: better to split into a few orders, test with small trades first, then add after you see the execution results; or simply don’t force a push during the few minutes when volatility is at its peak. Recently, funding rates are extremely abnormal. In the group, people are arguing whether to reverse or keep squeezing the bubble. My feeling is that at times like this, you shouldn’t use “haste” to fight the market. Slippage + insufficient depth means paying more tuition. For now, that’s it—today I got educated by myself again.