Recently, I found that I can’t sleep—not really because I’m making less, but because that little unrealized loss is just hanging on my books. To put it plainly, the presence of losing $1 is way stronger than the presence of earning $1. I haven’t even sold yet, and my brain is already automatically writing “the worst-case scenario”—the more I think about it, the more annoyed I get.

Actually, when I look at floating profits, I’m oddly calm. In my mind, I default to “it could be vomited back at any time,” so I don’t dare to take it seriously. Lately, the funding rate has been going to extremes. The group is also arguing whether to reverse or continue to squeeze the bubble. And I get an itch to hedge too—anyway, in the end I still move the interactions to the low point first, save on Gas, keep the position a bit smaller, and at least I can sleep.