I’ve found that if I lose even a little, I can’t sleep. But if I make even a little profit, I don’t really feel anything… Unrealized losses just sit there, like a transaction stuck in the mempool and always pending. I haven’t been liquidated, yet it’s like it’s mentally stuck in my head. To put it plainly, it’s basically loss aversion: when my P&L is red on paper, I’ll think, “Don’t get carried away yet.” When it’s green, I’ll start imagining, “What if it keeps getting worse the longer I let it drag on?” Then I get that itchy-finger urge to start fiddling with orders—changing them again and again, until it gets more and more annoying.

Recently, everyone has been putting RWA, US Treasury bond yields, and on-chain yield products side by side to compare, and I’m also a bit tempted. But the moment I think about that drawdown, it feels worse than simply earning a little less… which is honestly pretty ridiculous. There are so many tutorials, yet I actually prefer the ones that talk about mindset and risk control—how to “make fewer unnecessary moves.” Otherwise, I end up staring at the mempool refresh until late at night, and in the end I get startled awake by my own thoughts. For now, I’ll stop here and turn off the reminders.