Recently, I’ve been having trouble sleeping again because of “floating losses.” Even though my position size isn’t large, my mind automatically amplifies that small red number into an alarm sound. It’s strange when I’m in a paper profit; I just think “oh, it’s okay,” maybe glance at it twice at most. But when it retraces, I feel like I owe someone money, honestly, the pain of losing 1 dollar is much heavier than the thrill of making 1 dollar.

My current clumsy method is: before entering a position, write down the “worst acceptable loss,” then set the stop-loss/reduction price, don’t expect to be rational during the moment. Also, don’t keep staring at “on-chain returns” compared to RWA and US bond yields; the more you compare, the more it seems like you’re just finding a reason “I shouldn’t lose.” No matter how the yield products are packaged, fundamentally they still involve risk. I’m tired but still here, first protect my sleep.