Yesterday I got a little impatient and made a trade, ending up with a loss. It’s not that I was wrong about the direction, but I was just too hasty with my order. The depth of the order book was actually average, and I used a market order to sweep in all at once, which caused slippage to directly increase my cost. By the time I realized and tried to fix it, my emotions took over, and I kept changing my mind, making it worse... Basically, I lost control of the rhythm.

Looking back: in markets with not very thick liquidity, it’s better to split your orders into several smaller trades and slowly eat through, or simply reduce your position size, rather than going all-in with a large position and trying to fight against slippage. Also, don’t get caught up in that narrative of “ETF capital flows + US stock risk appetite = how the coin price should move.” It sounds convincing, but when you actually execute a trade, it all comes down to the order book depth and your own hand. Anyway, I plan to lower my trading frequency, follow my plan, and pay less tuition fees.