Actually, everyone knows that those red numbers showing unrealized losses are more likely to keep people up than the green numbers showing unrealized gains... I’m the same. Even though during the day I can still tell others, “If I haven’t sold, it doesn’t count as a loss,” at night I can’t help but open my wallet and check it three times. In plain terms, losses make people want to immediately “put the discomfort back,” and the more you try to force it to a tie, the easier it is to misclick.

I later set a dumb rule for myself: for LP, I only review based on the range and transaction fees, not on day-to-day price movements. When I’m in an unrealized loss, I first check whether “this week’s fees can cover part of the volatility.” If they can, then I keep slowly adding a little bit at a time. If they can’t, then I reduce my position and don’t stubbornly hold on. Recently, the whole “compound earnings” debate around re-staking and sharing shared security, has been pretty heated—I’ve become even more cautious instead. After stacking the layers all the way, the one who can’t sleep is still me. Anyway, I’d rather earn more slowly; at least then I can sleep peacefully.