it doesn't matter, in 50 years, this will be obsolete. Our grandchildren
will use one word for both meanings. Either it be loose or lose. But since
50 years had not passed, here is the correct was.

lose

I lose my temper
Did you lose your watch?


loose
I have some loose clothing, not tight
I let loose my kamehameha
I let loose my wolverine to attact the bastard who stepped on my shoe