Cutting losses is just like breaking up—if you drag it out, the longer it sits in your head, the more you start thinking, “What if it rebounds?” In the end, you lose more than the breakup fee. Last night I checked the funding rate—it was insanely extreme. A bunch of people were still yelling about a reversal. As for me, if we’re going to pop the bubble, then let it pop cleanly—don’t keep holding on until you get liquidated before you finally admit it. Cut earlier, and the funding you save can be used to buy another lesson next time—doesn’t that sound better?