When I was a beginner, I really thought that memes were just about who has a louder voice, who looks more like "smart money" rushing in, especially when I saw large on-chain transfers and hot/cold wallets moving on exchanges, I would imagine a story and couldn't help but click in... Looking back now, while the narrative is lively, wallet movements are often just moving, risk control, or market making, and don’t necessarily mean an invitation is being sent to you.

My current stop-loss approach is more straightforward: before entering a position, I think clearly about the maximum loss I can tolerate, and once reached, I exit without bargaining with myself; once the narrative starts to shift to "everyone understands," I assume the odds are getting worse, and I prefer to earn less than to add to my position. Anyway, memes—truth be told, winning or losing isn’t about how fast the news spreads, but whether you can stick to your own line. That’s all for now.