Last night I taught myself another lesson. I originally just wanted to switch to a different coin with a small position as collateral, but when I saw the order book was thin, I still went in hard—slippage jumped, and the execution price ended up directly worse than what I’d expected. What made it even dumber was that I chased it in two parts: the first order ate through the depth, and the second one was basically me bidding the price up for myself… To put it bluntly, if your timing is off, then don’t place the order. It’s better to leave it sitting and wait slowly, or just not do it at all.

After reviewing it, it’s still the same old problem: I only focused on “whether I can get filled,” but not on “what kind of damage the fill will do to the pool.” Before I place an order now, I’ll check the order book depth and the execution path first, so that one slippage doesn’t push the liquidation line closer—and then if the interest rate comes with another sudden spike, it’s even more uncomfortable.

By the way, the recent drama over NFT royalties also feels a lot like this logic: everyone wants a fast deal and good liquidity, but creators also want to get more… In any case, once you get all tangled up, the thing that gets slipped away first is still emotions. Because of this, I cleared out my watchlist too—there are just too many “take sides and make statements,” and it gets annoying. After I unfollowed and cleaned it up, things are calmer. That’s it for now.