I only write one sentence in my notes: Stop-loss isn’t admitting defeat—stop-loss is the stop-loss interest.

After looking at all that recent mess in blockchain gaming, I’m even more convinced. The project teams mint coins faster than they hand out flyers; the studio scripts are thrown into autopilot, and the coin price drops like free fall. People who still say “just wait for the rebound” at a time like this are, in essence, no different from those trapped in a death spiral. In any case, I set my line and leave when it’s reached—I don’t “fall in love” with the project, and the stop-loss interest is money too.

…For now, that’s it—the tea’s gone cold.