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I realize I’m really quite typical: when I’m making quick profits, I sleep like a pig; when I’m experiencing quick losses, I start imagining small dramas in my mind, the more I think, the more energized… Honestly, it’s not about losing a lot, but the uncertainty of “possibly losing more” that’s the most tormenting. Clearly knowing that high-volatility pools are meant to be for excitement, but when it’s red, people automatically magnify the impermanent loss tenfold.
Recently, that mainstream public chain said it would upgrade/maintain, and the group was guessing whether the ecosystem would migrate. I was itching to jump into a new pool directly, but I still held back. My simple trick: before placing an order, put my phone aside, go wash a cup or walk for two minutes, then ask myself, “If I wake up tomorrow and it drops another bit, can I still accept it?” If not, don’t touch it for now. Anyway, the market opens every day, and life only has one. I’ll write a review if I get wrecked, but the fewer times I flip out, the better.