Recently, a bunch of memes have been lively again, on the chain seeing some large transfers and exchange hot and cold wallets moving, people start interpreting "smart money is coming." To be honest, I now see this more as noise, it can be referenced but don't treat it as a script.

My own stop-loss is very simple: first assume that the probability of being wrong is high, and before entering the position, write down the "maximum loss" (not just think about it mentally, but directly set or hang it in the order), if it rises, I will move it upward, but never loosen it downward. The position size is also allocated according to probability; the more it resembles a narrative and the less fundamental support it has, the smaller it is. Anyway, if I can't make a profit, so be it, at least I won't wake up one day to find I'm paying for emotions.