Unrealized losses really can be more tormenting than unrealized gains—you can’t even sleep. To put it simply, it’s not a money problem; it’s the shame of “Did I mess it up?” plus the fact that you refuse to let it hit you in the face. When you’re making money, you feel like you’re so great. When you’re losing, you feel like the whole world is mocking you— and it also drives you to keep refreshing the price chart/K-line, looking for an excuse like, “If it rebounds immediately, then I’ll be free.”

Recently, aren’t people arguing again about social mining and fan tokens? “Attention is mining” sounds pretty cool, but if you put all your attention into staring at unrealized losses, then at its core you’re just mining anxiety—the more you mine, the more you get hooked. The other person yesterday even complained about me: “Your hands are way faster at checking the market than when it comes to replying to my messages…” And I didn’t really have anything to say.

My current approach is pretty crude: write your stop-loss line in advance, and once it’s hit, just accept it. Don’t rely on staying up all night and stubbornly holding on. Living is more important than face—really.