you can hold something from 10m to 100m, it goes down to 50m, you will feel like you're down 50% instead of up 5x

i have this if i’m actively watching/trading something 

but if i notice the 5x only after the 50% drawdown it doesn’t seem to phase me because i didn’t actively pass on an opportunity to sell higher

Well-known part of human psychology called loss aversion.

Losing $100 feels twice as bad as gaining $100 feels good.

Or you can realize that you never had anything but a number on your screen. It’s only real when you execute the trade.

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When holding something from 10m to 100m, a drop to 50m feels like a 50% loss, not a 5x gain—psychology often amplifies losses over equivalent gains.@six

This only counts if you're watching it at the highs and didn't make the decision to sell. Or worse, you did, but then greed got you.