Enough with stop-loss—it’s pretty much the same as a breakup. You know it should end, but your hands still shake.

Last month, I had a trade. When it was sitting at a floating loss of 8%, I thought, “just wait a bit longer,” and then I waited until now… forget it, let’s not get into it. The interest alone would have let me close tens of positions—still a pretty big loss.

And the market right now too. Rate cuts are being shouted about everywhere, but the dollar and risk assets are both wildly up and down—I can’t make sense of it. Anyway, when I can’t figure it out, I reduce my position size. I just need to stay alive first.

Admitting a loss really hurts, but it’s better than waking up in the middle of the night to check my liquidation price. Now I set stop-losses the way I set alarms—they go off on time, no window for me to hesitate.