Stop-loss really is like a breakup. If you keep dragging it out without clearing things up, in the end it only turns into a kind of reminder—even the interest/funding rate is telling you, “You’re still lying to yourself.” Right now I’m very mechanical about it: before entering, I first write down exactly where things can go wrong, and then I leave. Once a trigger is hit, I shut it down according to the script—don’t talk to the market about feelings.

Recently I’ve also been seeing news that some places are adding taxes and that compliance is tightening and loosening again. Once your expectations for deposits and withdrawals change, people are even more likely to get carried away and start thinking, “I’ll just hold on and try to tough it out a bit…” In any case, I’d rather accept the loss, because being able to sleep well is better than anything else.

I’m going to get back to work now.