I find that unrealized losses are really more tormenting than unrealized gains… The same -2% and +2%, the former can make me get up in the middle of the night to check the mempool, afraid that a slip will "break through" the position, while the latter is just as if nothing happened. To put it simply, losses feel like a persistent pop-up window in my mind; I know that not selling doesn’t count as a loss, but I still automatically calculate "how much I lost."

Recently, watching the wave of staking/sharing security also feels quite similar: the compounded returns sound great, but once someone mentions "nested," my first reaction isn’t how much I can still earn, but whether I’ll have to queue to unlock, rush to withdraw gas, and whether the congestion on the chain during those few minutes will turn small losses into big ones. Anyway, before I sleep, I only keep the acceptable risk on the table—no need to argue with myself.