Last night I paid tuition again... I was thinking of taking a small position to push a bit, but the on-chain pool depth looked okay, so I got anxious and went in market price, got slippage filled completely, and the execution price was way off from my expectations. To be honest, it’s not that I was wrong about the direction, but I was too impatient with my order timing: try a small amount first, then split into two or three slow entries. Actually, I could have lost half as much, and at least avoided becoming a “liquidity donor.”

When I reviewed it, I made a table of the pool depths, transaction prices, and slippage ranges at that time, and found that the more lively it was, the easier it was to be driven by emotions. Recently, social mining and fan tokens have become popular again, everyone’s fighting for attention. I also get itchy to chase, but attention is too fragile—ultimately, I have to look at the market and on-chain data to see if it can really hold up.

By the way, here’s my definition of “long-term”: for someone like me who’s indecisive, long-term is about a quarter, three months is enough for me to fill the gaps from a few impulsive trades, and also enough to see if a narrative is just hype or not. That’s it for now, I won’t be reckless today.