Recently, watching the market feels most like the tug-of-war in a breakup: clearly not compatible anymore but still forcing it, delaying stop-loss levels again and again, and in the end, either losing more or having a complete mental breakdown. Honestly, admitting defeat early can save interest costs, especially now with extreme funding rates for spot/derivatives, and the group arguing whether "a reversal is coming" or "continue squeezing the bubble"... After hearing this so often, I just want to remind myself: high rates don't mean you can withstand it.

By the way, I really don't think "long-term" is that grand: in trading, I think if you can survive one or two weekends, wash away your emotions, and still be willing to hold, that's considered long-term; for governance, at least a quarter, because proposals take too long from discussion to implementation. Anyway, don't use "long-term" as an excuse to delay handling losses; the longer you drag it out, the more it will hurt.