I feel that, floating losses are indeed more likely to cause insomnia than floating gains, even if the numbers are small, they keep spinning in your mind. When floating profits occur, I think "Anyway, I haven't taken the money yet," and default to ignoring it; but floating losses are different, I always feel I've "made a mistake," and wonder whether to cut, or if dragging it out will make things worse, emotions weigh more than the principal.

Recently, I've been arguing about rate cut expectations, the US dollar index, whether risk assets move together or separately... I think the more macro narratives there are, the easier it is to find reasons for floating losses, eventually turning into late-night K-line browsing for comfort. Anyway, I now just try to clarify my position and worst-case scenario first, and it's the same whether I invest in governance or not; no matter how well the incentive design is written, if I lose money, I still can't sleep.