Lately, I've been looking into blockchain builders, bundles, and these kinds of things. The more I look, the more I feel that retail investors don't actually need to push themselves to become researchers... To put it simply, you just need to know: when you click "Confirm" and it gets truly on the chain, there's a part where others are assembling transactions, and they can insert themselves into the queue or bundle transactions together, so don't be too superstitious about "placing an order and it definitely executing as I want." My current bottom line is that big orders shouldn't be aggressively placed during low liquidity; slippage and front-running losses are not surprising.

On-chain large transfers, exchange hot and cold wallet movements—many people chase after smart money, and I get tempted too, but think calmly: sometimes it's just moving assets, not opening a position. If you understand order book sentiment and funding rates well enough, digging into bundle details can actually make you more anxious... If I hadn't impulsively chased that move late at night, I might have avoided a lot of "understanding the principle but still losing" lessons. That's it for now; today I'll hold back a bit.