Today I had to learn the lesson from myself again… I wanted to copy a callback, but I entered in one trade and got wiped out by slippage. The execution price was totally different from what I had in mind as “basically the same.” Plain and simple: I only watched the candlestick chart, didn’t check the depth in the order book, and I placed the order in a rush. The moment my hand shook, I shoved it in with a market order. When liquidity is thin, the more impatient you are, the easier it is to get pushed into the worst price level. (Comment: Don’t ask—because I just can’t help myself.)

Review time: don’t treat slippage as a hard cutoff. If the depth isn’t enough, split into multiple smaller orders, and move more slowly. I’d rather eat a little less than turn myself into the person “providing liquidity for others.” By the way, recently some people have been complaining that on-chain data tools/label systems are lagging and can end up misleading you—I’m not too superstitious about “some smart money labels” either. When I see something abnormal, I still withdraw first. When the data is running half a beat behind, risk control needs to be half a beat ahead. That’s it for now—I’m not adding to my position tonight.