Last night I made a pretty stupid trade, so let me review it: I thought "the price is about right" and just went all-in with a market order, but at that moment the order book depth was ridiculously thin, and the slippage directly increased my cost significantly. Even if the direction was correct afterward, it still felt bad. Basically, I was too impatient, not waiting for the liquidity to return in those few seconds.

Thinking back now, I should have split the orders, placed limit orders gradually, or simply avoided trading during these lively but actually very thin periods. Recently, the testnet incentives and token anticipation have everyone excited, and people are guessing whether the mainnet will issue tokens. The sudden bursts of congestion on the chain are also normal... I’ll slow down the pace first, prefer to earn less, and focus on surviving.