While checking my trading records at night, I couldn’t help it—I saw that slippage-causing order again.

Back then, I liked a certain coin. The on-chain liquidity depth was clearly thin, yet I was thinking I could slowly eat a large position. In the end, after I sent it all in one go, the slippage wiped out the biggest part of my profit. Bottom line: it was my own pace that caused the issue—too rushed, or put another way, I was too trusting of the momentum implied by that upward K-line. I forgot to take a quick look at the order book’s thickness first.

Later, when I went back over it, I decided to split the placing of orders into several steps: first, place an order to probe the depth and the fill speed; then, wait for the order book to recover before adding more. I’m not aiming to get stuffed in one bite—this is simply more stable.

Recently, everyone’s been talking about how ETF capital flows link up with risk appetite in US stocks. But honestly, this doesn’t feel like anything new—just the cycle of capital rotating. What really deserves your attention is still these details: on-chain depth, your order placement pace, and when you’re willing to wait.

Anyway, wherever the market is right now, don’t get carried away with excitement. Stay calm, go through the data first, and then decide. My own lesson is right here—if it keeps me from losing money, then I’ll treat it as tuition.