Last night I paid my tuition again... I originally wanted to switch to a different coin with a small position, but when I saw how thin the order book was and still felt itchy to trade, I pressed market price, and the slippage hit me hard. Basically, it’s because there’s not enough depth and I still wanted to catch the rhythm, with large bid-ask spreads, and I placed two orders, with the second one being even worse, like I was carrying someone else’s sedan. Looking back, there are two points: don’t blindly trust “speed,” in thin markets just be honest and eat slowly with limit orders; also, before placing an order, check the liquidity of the trading pair first, don’t just focus on your small amount and think it’s insignificant.

In the group these days, they’re again talking about stablecoin regulation, reserve audits, and all kinds of “de-pegging” screenshots, and when emotions run high, I want to act even more quickly... but the more impatient I am, the easier I am to step into a trap. Anyway, I’d rather miss out now than get caught in a harvest of slippage and panic together. Forget it, I won’t talk about this anymore, I’ll go re-scan my commonly used authorizations.