Last week, I was stupid for the third time: I saw the K-line surge and got itchy, so I went in with a market order directly, and as a result, the slippage made my face swell... To put it simply, that pool's depth was only so much, and I still wanted to eat it all at once. The price kept rising as my order was being filled, and by the time I reacted, I was chasing the most expensive part. Later, during a review, I realized that the timing of placing orders is actually more important than just "seeing the right direction." Splitting into several smaller orders, placing limit orders and slowly working it, even if it means eating less, would prevent being swallowed by slippage.

Recently, there are always people watching on-chain large transfers and hot/cold wallet movements on exchanges as "smart money," right? I also glance at them, but now I see it more as a temperature gauge of market sentiment: how others interpret it is up to them. When it’s time to place my own order, I first check the depth, then set an acceptable slippage. If it doesn’t fit, I just give up. Even when catching shells at the beach, you have to choose the right tide.