Lately, I've been troubled by "floating losses" and can't sleep well. Actually, my position isn't large, but that red number hanging there, like an alarm clock that never turns off, keeps ringing. Floating gains feel light and airy; when it goes up, I just think it's good luck, and if I don't take profits, it's not really mine. Floating losses are different; I always feel like I made a mistake and am being constantly reminded, and my mind automatically imagines the next wave of liquidation waterfall, chain liquidations, and extreme scenarios.

Forget it, to put it plainly: I consider the money I make as "possibly fake," and the money I lose as "already taken out of my pocket," so my mindset is completely asymmetrical. Recently, the community has been arguing about privacy coins and whether mixing coins counts as malicious activity. As the compliance boundaries tighten, emotions tend to amplify—fearing to chase after gains when red, and fearing to step on mines when green. My approach is a bit more straightforward: first, write down the worst-case scenario, accept it and hold, or can't accept it and reduce positions, don't stubbornly hold on and stay up all night.