I used to think I was the kind of person who "closes the app when I take a loss," but later I realized that when I really lose money, my brain is even busier than the candlestick charts: clearly just floating losses, yet my heartbeat starts bleeding for the wallet first. Floating gains feel light and airy, like finding a coupon, afraid that once used, it’s gone; floating losses are different, like someone knocking on your door in the middle of the night reminding you "You’re wrong," making it hard to sleep peacefully.

The most annoying thing about watching the market now isn’t the drop, but the illusion of "being able to win" constantly replaying, the more I think about it, the more I feel stupid. Recently, someone linked ETF capital flows, U.S. stock risk appetite, and crypto market rises and falls, basically just giving emotions a decent reason, but loss aversion doesn’t buy into that; it only recognizes one word: pain.

My current approach is pretty simple: pay less attention to unrealized gains and losses, and if I really hold on, admit that I am holding on, don’t pretend I’m investing, just do that for now.