Yesterday morning, I casually ground BN's alpha points since it can be a pastime when bored. Participating in new listings in the B circle might be the activity that offers the highest yield at the lowest cost.
Previously, I only traded 7 points daily, meaning I could achieve this by buying over 128U. I usually choose the Solana chain, operating in several rounds to buy and sell immediately. If there is sufficient liquidity, the slippage and fees are about 0.4%, which means grinding 7 points daily incurs a loss of about 0.5U.
These days have surged; I need to grind at least around 10 points daily. For specifics, refer to the previous article.
Considering that alpha points have surged these days, just to qualify for airdrops requires 136 points, and the new listings are likely to rise as well. So, I plan to grind more points, deciding to grind 10 points for each account today. For the first account, I followed my strategy and looked for the chain with the highest trading volume on Solana, grinding 100U each time, and did it 11 times. Overall, the loss was around 3U, which is about 0.3%, even lower than I previously expected.
When operating the second account, I suddenly saw another B with a similar trading volume and wanted to switch B to grind. After grinding twice, I wanted to finish quickly and unintentionally raised the order to 900U at once. After buying, I immediately sold it; before the sale confirmation, it indicated a loss of about 9U. I wondered if I had chosen the wrong parameters or if something else was wrong because the alpha trading interface for BN has the K-line not on the same page as placing an order, so I went back to the previous page to check the K-line and planned to reset it.
As a result, I saw the price drop quickly, and I hesitated again, thinking whether to wait a moment. During this contemplation, the price continued to fall. I realized this and quickly placed a market order for 900U. The hesitation during this operation caused a loss of about 40U, or about 4.5%, which is much higher than the previous loss.
A seemingly simple buy-sell operation, without strict execution of discipline, can lead to a significant gap between expectations and reality. It's not just about losing funds; I'm more concerned about not fully executing the discipline.
The discipline I set for myself earlier was:
1. Choose a chain with low transaction fees;
2. Choose coins with high trading volume;
3. Place orders in multiple rounds to reduce slippage;
4. Buy and sell immediately.
Looking back, I didn't adhere to these points well today.
$btc
1. Although the trading volume was very high on the day, the trading volume in the current few minutes was very low; I need to pay attention to the current few minutes' trading volume, which should be better than the previous day's 24H trading volume. 2. I did not place multiple orders; if I had, the loss would not have been too much at once, and upon discovery, I could choose another B. 3. I did not sell immediately after buying, hesitating for several seconds and even looking back at the K-line; I particularly remind myself not to think during transactions, just follow the discipline. 4. Additionally, today I chose a coin that is in a downward continuation pattern; at this time, the trading volume is very low, so I should choose one with an upward trend for at least 5 minutes.
Reflecting today, I've learned my lessons; I must remember to execute according to discipline. Also, regarding the latest requirements, as shown in the red-lined part of the image, everyone must pay attention to this; otherwise, if you do not update later, there will be no points, and missing a step may lead to fewer and fewer points!! Remember to grind for coins that haven't been listed.
