I found that floating losses really can make you hide under the covers, clearly just on paper numbers, but your mind automatically starts running through the liquidation process: whether to add margin, whether one small move will sweep me out... Conversely, floating gains are very quiet, and I even start to suspect "is this just a trap to lure more in," then I think about it for another 30 seconds, and often miss the upward move, which is quite funny.

Basically, it's loss aversion, right? The pain of losing 1 dollar is much greater than the pleasure of gaining 1 dollar. Recently, the NFT royalty war also feels a bit like this: creators fear their income will be cut, buyers worry about liquidity being locked, everyone is afraid of "losing," and no one is truly excited about "gaining."

My current method is pretty simple: before sleeping, I reduce my position to a level where even if there's a small move, I won't wake up in the middle of the night... otherwise, that word "liquidation" would keep replaying in my mind. That's it for now.