Recently, I really laughed at myself: when there's a paper profit, I can pretend I didn't see it, keep checking contract permissions, look at whether LP is locked or not, and stay calm like a saint; but once there's a paper loss, even just a little, my mind immediately starts writing a script: is the team wallet transferring funds, is there still a backdoor in the permissions, am I about to pay tuition again... I can't sleep peacefully. Honestly, the paper loss feels like an alarm that "something might be lost" constantly ringing, while the paper profit is like finding a coin on the street—happy for two seconds and then it's over.

These past couple of days, the NFT royalty dispute also feels quite similar: creators think that earning less is a loss, while the market thinks that charging more kills liquidity. What everyone is arguing about isn't just the numbers, but that feeling of "what I was supposed to get" being taken away—that's the most irritating.

What I can do now is to write out the worst-case scenario in advance: review permissions, unlocks, wallet movements; if I can accept it, I sleep; if not, I reduce my position... What I've learned isn't skills, but that my sensitivity to "loss" will always outweigh the joy of "profit."