Stop-loss really has a bit of that “breakup” feeling: dragging it out those few seconds without pressing the button, still fantasizing, “It’ll rebound any moment,” but the longer you wait, the more it hurts—and the trading fees/capital costs are slowly gnawing at you too. Put simply, admitting you’re in the red sooner saves on interest and spares your mind.

Lately, it feels like a whole bunch of people are watching on-chain large transfers and changes in exchanges’ hot and cold wallets as “smart money.” I do look too, but at most I treat it like a mood/temperature gauge… A lot of the time, it’s just changing addresses or doing risk control—don’t turn it into a whole plot in your head.

For my part, I’d rather be a little more troublesome for the sake of safety: before placing an order, go through the nonce and the pending transactions, and if needed, spend a bit of gas to clear the ones that are stuck. Don’t let a single order you refuse to stop-loss block everything after it. That’s it for now.