I find that floating losses are more tormenting than floating gains, even if it's just on paper.


When I'm making floating profits, I stay calm, at most thinking "Alright, don't get carried away," but as soon as I see red, my mind automatically starts writing a script:
Will there be another dip? Will it trigger a margin call? Should I add more margin...
Then I wake up twice in the middle of the night to check volatility, even though nothing significant has happened.

After being liquidated twice, I just accepted it.
Honestly, loss aversion is just not wanting to admit that I was wrong in my judgment.
The more I delay, the more I want to hold on; the more I hold, the harder it is to sleep.
Recently, that main public chain is upgrading, right?
Everyone in the group is guessing whether the ecosystem projects will migrate.
I also got itchy to go and lay some traps, but after half an hour of looking, I still couldn't understand how to calculate the migration risk.
In the end, I simply reduced my position a bit: if I don't understand it, I won't move it for now—at least keep the alarm silent.
Anyway, it's okay not to make a profit; I just don't want to be forced to pay tuition again.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin