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Recently, I had a frustrating experience in the Crypto Assets market. I noticed a quite large buy order around the price of $COAI at 7.15, so I decided to place a sell order of 4000U at 7.151, hoping to quickly buy a few hundred K at 7.15. However, to my surprise, my order was executed at 7.146.
Worse yet, within seconds after the order was executed, the price began to plummet sharply. For the next half hour, the price hovered around my entry price, causing both of my trades to be at a loss. This experience made me realize that even seemingly safe trading strategies can carry significant risks.
I noticed that those traders with smaller amounts of funds seem to be able to achieve good returns, and some even manage to earn tens of thousands of U in a short period of time. This phenomenon makes me wonder if there is some kind of mechanism targeting large fund traders.
This experience has made me rethink my strategies for Crypto Assets trading. I now tend to believe that in this market, short-term trading may have more advantages. Long-term holding might face more unknown risks, especially for large traders.
Overall, this experience taught me a lesson. It reminds us that in the Crypto Assets market, whether for short-term or long-term trading, we need to stay alert and act cautiously. At the same time, we should always pay attention to market changes and continuously adjust our trading strategies.