I’ve found that the biggest factor affecting sleep is never how much I’ve earned, but that floating loss hanging there. Even though I haven’t sold yet, my mind has already started treating the “loss” as a fait accompli… Floating gains, on the other hand, feel weightless, like they could be taken back at any moment. Basically, it’s too real that loss aversion is. When the market is red, I can stay calm; when it’s green, I want to refresh ten times.

Recently, everyone has been talking about staking unlocks, token unlock calendars, and the selling pressure anxiety wave after wave. I also get caught up in the rhythm, but I still try to stick to the plan: dollar-cost averaging + rebalancing, not panicking and selling recklessly just because of unlock dates. As for “long-term,” I don’t pretend to be grand; for me, if I can hold for two or three months without changing strategies, and it still looks reasonable at the end of the quarter, then that’s long-term enough. Let’s start with that.