Stopping losses really are like a breakup... Drag it out without making it clear, spend every day staring at the charts looking for “reasons to get back to even,” and in the end, your emotions get drained by interest and opportunity cost together. Admit you’re wrong sooner and it’s actually lighter; at least you can move your attention to something more certain—like whether modularization/DA are truly being rolled out—rather than fighting with a single candlestick.

Recently, watching that whole chain game economy collapse, it feels pretty similar too: once inflation kicks in, studios move in, coin prices turn on a dime, and everyone starts consuming each other. The longer you hold on, the uglier it gets. To put it bluntly, it’s not just trades that need stop-losses—your narrative does too.

Also, my definition of “long-term” isn’t that grand... If you can get through a narrative hype cycle and the hype ebbs, that counts as long-term—probably about one or two quarters. If it’s only a rebound that lasts one or two weeks, I’m not really confident calling it long-term. Anyway, let it be like this for now.