I've been watching the market for so many years, and the biggest factor affecting my sleep isn't even the lack of profit, but the floating losses that are "not yet much lost but already red." When I have floating gains, I stay calm and feel I can exit anytime; once it turns negative, my mind automatically starts filling in the story: Will I get wiped out in one shot? Will liquidity suddenly thin out? Will someone withdraw orders to fish for me... Basically, it's loss aversion— the pain of losing 1 dollar is way more intense than the pleasure of earning 1 dollar.

Recently, there's been a heated debate over that set of "yield stacking/shared security" pledge, and I can understand it. The returns look layered, but the risks are also nested, and when something really goes wrong, you simply don't have time to withdraw according to plan. My current approach is very simple: as long as the market depth appears fake or the order withdrawal rhythm is off, I prefer to exit early with a small loss. Sleep is more important than face.