I just reviewed that embarrassing trade from last night, and honestly it’s not that I was wrong about the direction, it’s that I was too quick and lazy myself. Thinking “just a few hundred dollars,” I jumped in market price, but the pool depth was as thin as paper, and with a slippage jump, the execution price was way off from my expectation. Then I tried to fix it by chasing two more times, messing up the rhythm completely— the more impatient I got, the worse it became.

Later, I looked back at those on-chain trades, clearly someone was probing to eat earlier, and I still pretended I didn’t see… Actually, at times like this, I should have started with small orders to test the waters, or just placed limit orders and waited patiently, instead of competing with my emotions on the keyboard. Also, don’t just look at the surface price; in pools with insufficient depth, slippage is an invisible fee.

By the way, these past two days, the group has been arguing about the compliance boundaries of privacy coins/mixing coins, the debate has been pretty fierce, but from a trading perspective, I think it’s more realistic: you think you’re competing with the market, but often you’re just battling your own “I just want to be quick” mindset. As for whether I can resist the urge to be reckless next time… you know what I mean.