Yesterday I was again stupid enough to do this to myself: watching the order book like it was about to move, I panicked and hit a market buy—then I got hit with full slippage, and my entry price was a whole step away from the “expectation” in my head. To be blunt, the problem isn’t that the direction was wrong; it’s that the depth wasn’t there and I still pushed the trade, and my order timing was also bad. The more afraid I was to miss out, the easier it was to get picked off. Later, I checked the on-chain trades and found that those few big orders squeezed in, and the price just drifted. Add to that the fact that everyone has recently been complaining about MEV and unfair ordering—retail “jump in and run” orders are really too easy to take advantage of. Anyway, once I started recording, the biggest change is this: before placing an order, I now wait another ten-odd seconds to see whether the fills can actually absorb, so I don’t let my emotions press the confirm button for me, and I feel a bit less anxious.

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