Cutting losses is really just like a breakup: you drag it on without deleting the person from your contacts or blocking them, you keep checking their updates every day, and the more you watch, the more “addicted” you get—only to end up hurting yourself in the end. On-chain it’s pretty much the same: even after your position has clearly gone bad, you still stubbornly hold it. Put simply, you’re paying interest to time—capital being tied up, opportunity cost, and even emotional wear and tear.

Haven’t there been a bunch of testnet incentives and points expectations lately? In the group, people are always guessing, “Will the mainnet issue tokens?” When I see that kind of thing, I instinctively try to dissect the incentive structure: points are what keep you bound to the process. The more you do, the less willing you are to stop—and the more you fight against loss orders without wanting to cut them, it’s the same flavor.

My current approach is kind of crude: first, write down clearly why I entered, what I got wrong, and which conditions trigger the exit. Once the condition triggers, hit the button—don’t “fall in love” with your own position. Admitting I’m wrong once is more comfortable than waking up every day scared by the liquidation line/slippage.