I’ve found the most annoying thing about unrealized losses isn’t the money—it’s the mind. Even though I haven’t sold yet, I’ve already mentally booked that loss as a “certain loss”; the more I think about it, the more it feels like debt. And before bed, I can’t help but open the K线 chart to check just how bad things really are… On the other hand, unrealized gains are very much a matter of chance: when it goes up, I’m also afraid it’ll give back. Anyway, I just don’t dare to treat it as my own.

Over the past couple of days, I’ve also seen a bunch of people string together ETF fund flows, U.S. stock risk appetite, and the ups and downs in the crypto market into a single causal chain. To put it plainly, after reading it, I feel even more anxious: it feels like I could be dragged along by external emotions at any moment. My current clumsy solution is to lock in my position a bit—if I lose, I won’t use “taking another look” to try to numb the pain. The more I look, the more it hurts, so I’ll stick with this for now.