I’ve realized the thing I can’t handle the most isn’t making less—it’s those tiny red figures of unrealized losses. Even though my position isn’t big, my heart races as if I’d done something wrong. When I’m up on unrealized gains, I’m actually easier to get carried away: thinking, “I’ll take it a little longer,” and then once there’s a pullback, I start imagining the worst-case scenario. Even before bed, I end up sneaking a look at the K-line… To put it simply, it’s loss aversion: the sting of losing $1 hurts more than the happiness of earning $1.

Over the past couple of days, I’ve also seen everyone tying together ETF fund flows, U.S. stock risk appetite, and the rise and fall in the crypto market into a single causal-chain interpretation. I do look at that too, but I’m even more afraid of letting my emotions run the show. In any case, I’ve set rules for myself now: if I feel uncomfortable, I reduce leverage first and set a stop-loss—don’t stubbornly “hold on a bit longer” just to force it through. I don’t need people to understand me; I just want to keep my boundaries: no matter how noisy the market gets, my risk management comes first and gets to sleep.