Yesterday I saw the sudden flash crash of ZKJ and KOGE, and I estimate many friends fell into the trap, I have a few friends around me who also got caught with their positions!
This kind of lesson also tells everyone a truth: while increasing trading volume is important, never think about accumulating coins based on your position. Personally, I prefer to go in and out quickly. It might be a bit more wear and tear, but at least I won't easily get stuck!
Actually, I think the key to avoiding pitfalls is two points:
First, only choose coins with large volumes and depth for trading, and ensure the slippage is controlled within 0.1%. Don't choose low liquidity coins for convenience, as you might end up losing your principal due to high slippage.
Then last night, I also asked @Yi_chen789 what coins are good to trade, and he suggested I try three coins, Seraph is not bad, the wear and tear is quite small! I estimate he recommended this coin because Seraph consistently ranks in the top three on the Binance Alpha leaderboard for trading volume, with a lot of discussion and high interest, so at least I don't have to worry about not being able to buy or sell.
Second, trade in small amounts and batches, don't go all in. In fact, trading doesn't have to be rushed; splitting into small amounts can effectively reduce risk. I've seen too many people greedily enter with large amounts, only to find themselves unable to escape during a short-term crash. It's better to go slowly and steadily.
Finally, I also checked out this coin and plan to keep trading it if it remains stable in the next few days!
Why are more people trading Seraph recently?
Solid liquidity: The top three in trading volume is indeed substantial, and in practice, orders are filled instantly, with slippage truly controlled within 0.1%. The fees are reasonable, and the wear and tear on trading is much lower than many other coins.
Transparent LP locking: The official team has locked the LP on-chain, and the locked amount and countdown to the safety period are publicly verifiable (can be searched on-chain at any time), so there's no worry about sudden withdrawal leading to a crash, which is crucial for traders.
Active community: The project team has been quite active lately, with high discussion in the group, at least it’s not a dead market where no one is managing it, making traders feel more secure.
For those who want to try, I suggest first testing with small amounts, like using a few hundred USDT to go through the process and see if the slippage and transaction speed are really as described. Trading now emphasizes "stability", and choosing the right targets can help avoid many pitfalls, there's no need to take unnecessary risks!
Lastly, I want to say, I will not leave Alpha! I will always stand firm at the village entrance!
