Today I reviewed a trade, and I really regret it. It was a blockchain project I’d been watching for a long time; I felt the liquidity was decent, so I went in directly for a mid-sized buy. The result was that my slippage setting was too smooth—depth really wasn’t in place. The moment I submitted the order, the execution price immediately jumped off, and I not only lost the trading fee, I also took an extra silent hit.

Thinking it through carefully, the problem isn’t the market—it’s my own rhythm. During airdrop season, everyone is rushing at the start, and the anti-bot measures on the task platform make the pool’s liquidity distribution even more strange. But I didn’t have the patience to wait and test the depth with a few small orders—I just rushed into the main order. The points-based system has mercenary hunters and “free-earn” crowd competing every day. On-chain data looks lively, but in reality the thickness of buy-side versus sell-side is far apart.

What I fear most isn’t just losing—it’s being stupid enough to come to a clear realization when reviewing my own trade. Going forward, before placing an order, I’ll test the route with small orders first and slow my pace down. Better to move slower than to take a big loss from slippage.