This morning, I was stuck in traffic so bad I doubted my life, and my coffee went cold... When I looked back at last night's order, it was even more congested: clearly the direction wasn't too off, but I got trapped by my own slip and deep judgment. Basically, I thought the market depth looked "thick," but when I actually went in, I realized it was just decoration. Stepping on the gas too hard, the price was pushed along by me, and the trades broke into several pieces like bread crumbs, making the average price look worse and worse.



Looking back, there are really just two things: first, don’t just stare at the surface depth, think about "how big of a bite I want to take"; second, don’t rush the order placement, break it into smaller parts, wait one or two seconds, give the pool/market depth a breather. Recently, everyone’s been arguing about whether the security of staking and sharing—this "compound yield"—is just a layered trap. It kind of looks appealing with all the layers added, but when you bite down, you realize each layer is just eating your slip and liquidity. Anyway, I’ll slow down my reaction speed first and stop fighting myself.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned