Last night I had another losing trade, honestly it was because I was too impatient. I was watching the funding rate and open interest change and wanted to rush in, but when I looked at the order book it seemed to have volume, only to find out once I entered that the depth was as thin as paper, and the slippage completely wiped out my expectations. What’s more embarrassing is that I chased in twice, and the second time was like stepping on the gas pedal faster... Anyway, I didn’t lose unfairly.

Now I’m giving myself a “version update”: without changing the strategy, first change the position size, start with small orders to test the waters, slow down the order placement, and if I really want to take the order, split it into segments. If I’m not confident, I’d rather miss out. Recently, that mainstream public chain is about to upgrade/maintain, and everyone in the group is guessing whether the ecosystem will migrate. I’ve also been a bit influenced by the sentiment, and in a moment of impulsiveness, I wanted to take sides first. Let’s do it this way for now, set the alarm clock, and when it’s time to reduce the position, do it—don’t argue with myself.