This time I’ve been reminded again: don’t rush to become fat overnight, taking your time to place orders really saves money. Yesterday I made a small swing trade, the direction was correct at first, but due to slippage and insufficient depth, I chased in hard, and the transaction price was pushed up, causing a retracement that immediately threw off my mindset. Later, trying to make up for it only made it seem like I was fighting myself... Basically, my rhythm was broken.



Looking back, it’s actually quite simple: seeing the order book is thin and still wanting to use market orders is like actively giving away money; splitting into several orders, placing limit orders, and giving some time for the depth to refill is more like the operation of a “long-term player.” Recently, there’s been a bunch of new L1/L2 projects offering incentives to boost TVL, so it’s normal for everyone to complain about mining, selling, and so on. When liquidity is pulled out, the market becomes more prone to a slip-up. Anyway, I need to fix this “speed” problem first—living longer is better than anything else.
L1-9.36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned