I just dumbly lost to myself... a small order I wanted to buy the dip on, and I ended up getting slippage filled completely, with the execution price much worse than I expected. Looking back, it’s not that the market was too fierce, but that I didn’t check the order book deeply and hurriedly confirmed the order, even chasing with two separate orders, which basically pushed the price up myself. The on-chain liquidity pool looks okay in terms of TVL, but the actual trading layer is thin, especially when there’s high volatility like I was experiencing— the more anxious I got, the more expensive it became.

What’s more embarrassing is that at that time, the funding rate was extreme, and the group was arguing whether it was a reversal or just more bubble squeezing. I also had some FOMO in my mind, and my rhythm was completely messed up. To put it simply, I was pessimistic in my mindset, but when it came to actually placing orders, I was still stubborn, trying to win back losses.

Next time, I will first check the order book/depth and quote ranges, split large orders into smaller ones, and spread out the timing—better to have fewer trades than to become the market’s ATM machine... How do you usually control slippage and order timing?