Last night I paid my tuition again, originally wanting to try a small position, but I was too optimistic about slippage, and I didn’t clearly see the depth of the pool. I split the orders into two and still thought it was very safe... Basically, I was in a hurry. The first order pushed the price up, and the second order directly ate at a worse price. Looking back at the transaction details, it was like giving someone else a fee. In the future, I will probably first look at the depth and price impact, and I’d rather split it into smaller parts, even if it’s slower.

By the way, recently I’ve been finding the “attention mining” concept of social mining and fan tokens increasingly awkward. Attention is indeed valuable, but it’s not like you can just click a couple of times and generate liquidity out of thin air... It’s lively and fun, but when it comes to executing, you still need to focus on depth and rhythm.

There are many tutorials, but I only like those that also show failed orders and explain how to fill in slippage parameters in plain language. Otherwise, I’d still get itchy hands after watching. That’s all for now.