I've just exercised my moderator privileges for the first time. It was hard. I decided to not moderate down, as I just didn't see anything that warranted that - and as a first time moderator, I didn't want to perform any slams that I'd later regret - so I found a few posts and moderated them up. I felt that they deserved it - especially as I had other reasons to do so that were different than precedent moderators.