I was educated by myself again yesterday... I originally wanted to switch to a smaller position to use as collateral, but I got impatient and just placed a market order directly, and the slippage was worse than I expected. After eating through a few levels of depth, my execution price was completely deformed. To put it simply, it’s not the market trapping me, but my impulsive order timing: seeing the candlestick move made me itchy, I didn’t split the order first, nor wait for the order book to refill, and in the end, my cost was raised, and the liquidation line kept moving closer, making my mindset instantly tense.

Recently, I heard news about increased taxes and tighter compliance in certain regions, which changed my expectations for deposits and withdrawals. The liquidity in the market became even more fragile. The order book still looks okay, but actual trades are a different story. Anyway, I now prefer to be slower, split into several trades, use limit orders, and cancel if the fill is poor—no hard holding.

The “itchy hands” I mentioned earlier—today I’ll put a lock on it: when I feel itchy, I first check the utilization rate and liquidation line, and if I can resist, I won’t place an order. That’s it for now.