I recently realized that I am quite typical: when I’m making a profit, I can calmly scroll through my phone; when I’m experiencing a loss, even if I haven’t sold yet, my mind feels like it’s running a background process that keeps going, and I wake up in the middle of the night wanting to check the candlestick chart. Honestly, the small losses are like tiny stones in my shoes—not fatal, but each step is uncomfortable; the small gains, on the other hand, are like roadside scenery—glance at them and then move on.

Expectations of interest rate cuts fluctuate between hot and cold; the US dollar index and risk assets sometimes spike or fall together, and narratives change quickly, making losses even easier to magnify. My current approach isn’t very clever either: I write my positions in a memo, and as long as trigger conditions aren’t met, I try not to open the app—at most, I take a screenshot and save it… otherwise, emotions will cause me to be liquidated before the price does.