These days, I see a bunch of people interpreting ETF capital flows and US stock risk appetite as if they are tightly linked. When crypto prices rise, they say "funds are coming back"; when prices fall, they say "risk is retreating"... I'm a bit overwhelmed. I took a moment to review myself: what really causes me to lose out is not usually misreading the trend, but how the trade executes at the moment I place the order.

Words like block builder, bundle, sound very distant. Honestly, how much do retail investors need to know? I now remember three things: 1) You’re running naked in the mempool, and others can see it in advance; 2) If you set market orders/slippage too large, you're basically giving others room to act; 3) When the price suddenly gets poked and then pulled back, don’t rush to doubt life—maybe you just hit the rhythm of someone’s bundle.

I won’t chase even the deepest moves anymore, since I’m not doing MEV. What I can do is: try to use limit orders, avoid setting huge slippage, be less impulsive during on-chain peak times, and if I really want to chase, use small positions as an "emotion tax." That’s all for now.