Today I kept seeing screenshots being passed around the group again—stuff like “a certain stablecoin is about to depeg.” Just by pairing it with words like regulation and reserve audits, you can really crank up everyone’s emotions… I was making tea and watching TVL, and there was no real drama. To be blunt, what truly hurts you is usually not the news—it’s your itch to chase that little “opportunity.”

Sandwich attacks and arbitrage are the same way. You think you’re picking up a bargain, but a lot of the time you’re just helping others rack up fees + serving as a liquidity background prop. There’s meat to be had on-chain, but most of the meat ends up in the bowls of people who move faster. What you see are the candlestick charts; what they see is your slippage.

I’m basically patching myself right now: small fixes, fewer orders when emotions are at their hottest, look at the route and the expected execution before trading—if you can, split it into batches… Anyway, I don’t need to be smart. Just don’t end up as “material.”