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Last night, I went through the interaction logs and got so fed up, so I casually checked my positions—and found a small position was “waiting for it to break even” again… It felt just like how dragging out a breakup and not deleting a friend leaves you more and more uncomfortable the longer you keep it going. Even crazier, I happened to come across news about a cross-chain bridge getting hacked, and also oracle errors—creating this whole network vibe of “wait for confirmation first.” I was over here doing the same thing, dragging it out too, and as a result, both transaction fees and opportunity cost kept piling up together, and my mindset just completely cracked.
To put it simply, stopping losses is really a lot like a breakup: if you won’t be decisive and keep delaying, then after that, the costs (interest) will keep accumulating. It’s not that I’m telling you to run the moment it drops—what I’m saying is to set a “loss recognition line” for yourself. Once it gets triggered, be decisive and cut it cleanly. When your position is lighter, you’ll have the energy to keep grinding for yield, follow witch rules, and handle other practical things. Anyway, I’d rather make a bit less now than spend every day being hung up on a bad position.