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Last night I paid my tuition again... I originally just wanted to use a small position to catch a sentiment wave, but I impulsively pushed in at market price, and the slippage directly made my face swell. To be honest, it’s not that I was wrong about the direction, but I didn’t look at the depth; the order wall was as thin as paper, and I happened to chase during the hottest few minutes, with the price steadily rising as the trade kept going, looking back it was like I was lifting my own sedan chair.
After reviewing, there are only two things: don’t rush to be the first during the most volatile moments, spread out your orders and go slowly, even if it means eating less, don’t go all in at once; and also, don’t blindly believe “I click once and it’s executed there,” the liquidity on-chain is really not for someone like me who’s itching to trade.
Recently, with cross-chain bridges being hacked again, and oracle errors happening, everyone is shouting “wait for confirmation,” I used to think it was just being cautious, now I understand: waiting isn’t being cowardly, it’s leaving yourself an escape route. That’s all for now, today I’ll act like a person, not a leek.