I found that floating losses are really more tormenting than floating gains... Clearly, there's only a ten-dollar difference on the books, but my mind automatically interprets it as "Did I judge everything completely wrong?" Then I wake up in the middle of the night and want to check the candlestick chart again, it's hilarious. Floating gains are actually more casual; if it goes up, I just see it as a lucky find, and if it retraces, I can comfort myself with "I haven't actually taken any profit."

To put it simply, loss aversion is: the pleasure of earning 1 dollar isn't enough to offset the pain of losing 1 dollar, so people keep finding reasons to "wait a bit longer," and as they wait, they start to act emotionally. Recently, the economic collapse points of blockchain games seem quite similar—when inflation hits, studios fold, crypto prices spiral downward, and everyone is waiting for a "rebound to get back to break-even," but the more they wait, the more they collectively lose sleep. Anyway, as soon as I see floating losses start affecting my sleep, I just cut some positions, even if it's only 20 bucks, at least my mind will be clearer.