Last night, I accidentally lost a trade. To be honest, it wasn't the wrong direction; I was just too impatient. I saw the candlestick turn and rushed in without checking the depth, and I had set wide slippage, so I ended up stepping into thin air. The execution price was completely different from what I had in mind as the "should be." Only after reviewing did I realize that the timing of placing orders was the real issue: placing orders in several parts, waiting for some liquidity to come back, is more reassuring than gambling on a single shot.

Aren't those on-chain data tools and label systems recently being criticized for being outdated? I also feel a bit the same; staring at them can give you an illusion of "I understand," but when it comes to the critical second, the order book is the real truth.

What I don't regret is that this loss wasn't big, at least it shattered another layer of the "illusion." That's it for now, next time I’ll be a bit slower.