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Today, I was tidying up the table and found an old alarm clock. The battery was long dead but I still left it there, like my previous habit of cutting losses: even when things clearly weren’t right, I’d drag it out, thinking "Maybe it’ll come back if I wait a little longer." In the end, the more I delayed, the more it hurt, my account showing numb losses, and I wasted energy watching the market, with interest/opportunity costs piling up.
Recently, everyone has been talking about rate cut expectations, the US dollar index jumping around with risk assets. Honestly, I can’t predict these macro trends either; the more I try, the more it gets to me. Anyway, I now prefer to be more decisive, like ending a breakup: admit losses when needed, throw away the broken alarm clock, and focus my energy on reading in my little cabin.