Recently, I educated myself again: stop-loss really is a bit like a breakup, the longer you drag it out, the more painful it gets. Clearly knowing that the relationship is no longer working, yet still thinking "let's wait and see," results in emotional costs piling up, and in the end, not only do you lose money, but you also lose sleep. Admitting defeat early actually saves interest, and at least clears your mind to focus on other things.

By the way, watching everyone argue over NFT royalties also seems quite similar—creators say they want income, the secondary market says they want liquidity, and both think the other side is unreasonable. To put it simply, incentive design makes human nature look pretty ugly, but in the end, the market won't buy it just because the "ideology is correct." Anyway, I now believe more in one principle: when you find yourself making excuses for losses, it's probably time to cut it off.