Just lost a trade—entirely because I was acting recklessly. I saw on-chain trading looked pretty hot, so I went all in, and the slippage instantly woke me up. When I was a beginner, I always thought, “Setting slippage means you won’t get scammed.” Now I understand slippage is only the ceiling of how much pain you’re willing to take; when liquidity isn’t deep enough, the faster and more aggressively you enter, the more it feels like you’re handing other people a trading fee.

When I look back, there are really just three points: don’t get hyped by the candlestick chart—first, check how thick the pool is; don’t smash everything in at once—split it into several trades and spread out your timing, and your execution price will be much better; if you really want to chase, wait for one or two blocks to confirm whether liquidity has caught up. Lately, some on-chain data tools and tagging systems have been criticized for being “lagging / potentially misleading,” and I agree. No matter how pretty the charts are, they can’t stop you from forcing your way into a thin pool—data will always be in the past. Anyway, I only trust this now: when cash flow and depth are both there, then you can talk about trading experience.