Last night on duty, I accidentally stepped into a pit myself: I wanted to quickly enter and exit a trade, but my slippage setting was too optimistic, the pool depth was shallow, and the moment I posted my order, someone else got to the liquidity first and ate it. My fill got split right down the middle, and when I looked back, the time line was off by a dozen-odd seconds… to put it simply, it was just restlessness plus my order timing being all over the place. Next time like this, I’d rather split it into a few orders—check how the order book/depth is changing first before I make a move, and don’t just swallow it all in one go.

Recently, that mainstream public chain is about to upgrade/maintain, and everyone in the group has been guessing whether the project will migrate. I’m actually more worried that the liquidity will get messed up and the routing will change before and after the upgrade—slippage is a small thing, but it’s even easier to trap you.

At the time, I really had the urge to uninstall the trading app. I was so mad I didn’t want to look at it, but thinking it through, uninstalling only helps me dodge the emotions—the pit is still there. First, I’ll adjust the parameters, and make a shortlist/observation list of my commonly used pools. Tonight, I’ll keep watching for abnormal transfers… for now, that’s all.