Last night, I got hit by the market again... I originally wanted to take a small position to make a quick profit, but I didn’t pay attention to the slippage, and the pool depth was just so-so. I even split my orders into two parts, chasing and trading, making it more expensive the more I traded. Finally, I saw that the average transaction price was significantly higher than I expected, and my mindset was immediately thrown off. I just decided to cut my losses and exit.

Looking back, it’s actually pretty simple: when the depth isn’t enough, don’t rush to push all at once, especially when the market moves, it’s easier to get eaten by slippage; slow down your order placement, place your orders and wait for them to fill, I’m not in a rush for those few seconds anyway. Recently, the new L1/L2 incentives to boost TVL have caused some complaints about “mining, selling,” which I can understand. When liquidity dries up, the depth gets even thinner, and a slip-up costs you tuition.

I now have a simple trick: before placing an order, take a screenshot (you know what I mean), so that when I review later, I won’t just remember “I think it was like…”. That’s it for now, continuing to be like waves hitting the rocks.