Last night before bed, I reviewed my positions and realized I was stuck in that same loop of “waiting for it to get back to even”… Stop-loss really feels like a breakup: you drag it out without making things clear, and the longer you put it off, the more uncomfortable it becomes—plus you still have to pay interest/opportunity costs. Plainly put, the loss is already a loss; continuing to hold just turns your emotions into chips.

Now I also take a handy look at the returns and split them up: how much is coming from cash flow, and how much is subsidies being shoved in. Once the subsidies stop, the APR immediately goes from sweet to bitter—especially with MEV and the whole ordering mess in the mix. Validators earn pretty steadily, while retail investors can only complain about “fairness.” In any case, my approach is: first cut off the most uncertain parts, keep a bit of ammunition, and get a good night’s sleep.