A stop-loss is really like a breakup: if you keep dragging it out without cutting cleanly, it will only hurt more later—slippage gets bigger, your position gets trapped deeper, and your mindset gets “held hostage” by the “wait a bit longer.” Put plainly, when you’re down, you’re down. First, get your hand off the knife edge—interest and opportunity cost are the hidden injuries. Recently, even the whole community drama about privacy coins/mixing being compliant is like this: once the wind shifts, liquidity runs first, and the order book will basically give you a lesson… My approach right now is pretty old-school: before entering, think through clearly how much you can lose in the worst case; if it hits, cut it. I’d rather look back and realize I was wrong than stay “sentimental” and end up going too deep.