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I lost $5,400 in 2024 because I didn't understand how market orders work during high volatility. Most people think a market order guarantees a price, but in reality, it guarantees you a bad one. When I tried to market buy $ETH during a massive green candle, the slippage was so severe I entered at a price 3% higher than the screen showed, triggering an immediate liquidation when the inevitable retrace hit. That is the beginner's trap: thinking the price on your screen is the price you get when volume spikes.

If you are entering a position on $ETH, stop using market orders unless you are in a desperate rush to catch a move. Use limit orders. By setting a specific price, you provide liquidity rather than consuming it,...