Ugh, I reviewed a failed trade today. It’s really annoying. The coin price dropped to what I thought was a spot I could enter, but when I placed the order, the slippage immediately slipped me by several points. The order book depth just couldn’t hold—my small order was still that obvious. Later I thought it was really a timing issue: I was a bit too impatient and didn’t wait for liquidity to come in before I made the move.

Recently, all those new L1s and L2s have been rolling out incentives to drive TVL, and old users are complaining about “digging and then selling.” You go in just to end up getting rekt. I’m the type who leans toward long-term positioning—looking at it can feel exciting, but the moment I take action, I expose the problem: retail investors’ weakness is always wanting to catch the bottom, and you end up catching it halfway up the mountain.

Anyway, I’ve always treated “simplicity” like a trap: thinking that putting in buy orders at low levels is safe—when depth isn’t enough, if the timing is wrong, it’s all pitfalls. You need to trim your position size, pour the water slowly, and actually learn discipline from your failures.