Last night I couldn’t sleep again. With itchy hands, I went to chase a perp trade—and ended up teaching myself a lesson: the order book looked okay, but once I actually placed the order, I realized the depth was painfully thin. The slippage “triggered” my stop-loss price early… In plain terms, it wasn’t that the market was plotting against me—it was that my order timing was too rushed. I treated split orders like one big sweep and ended up eating the liquidity void.

When I look back, there are just two traps: first, I only watched the K-line charts and didn’t pay attention to the stacked order flow; second, I entered too densely. Continuously chasing prices raised my average cost, and no matter how tight my stop-loss was, it didn’t help—like trying to block a downpour with an umbrella made of paper. Someone also brought up an on-chain tagging tool—I use it too—but lately I really feel it’s a bit lagging. Even if the tags are labeled clearly, it can still mislead you. At critical moments, the key is still your own market feel plus risk control.

“Your slippage isn’t slippage—it’s just being careless”… Yeah, that’s enough. Tonight I’ll cut the upper limit of my risk one more time—and that’s it.