Stop loss really is like a breakup: dragging it out without getting things clear. On the one hand, you fantasize about getting back together, while on the other hand you’re slowly cut away by interest and opportunity cost... By the end, even your mindset gets ruined. To put it plainly, I’m more afraid of “stubbornly holding on” right now. I’d rather take a small loss and leave, then go back and wait until the unlock is in place, the pressure on circulation is eased, and the market-making depth is normal—then pick up a bargain. It’s still better than staring at the charts every day and torturing myself.

Recently, there’s been a pretty heated argument over the compliance boundaries around privacy coins/mixers, and I’m not picking sides. I just keep reminding myself: no matter how hot the narrative gets, if the rules change, they can directly rewrite the plot. Anyway, my principle is still the same: if you’re wrong, admit it, cut your losses early, and don’t turn trading into a long-term back-and-forth.