These past two days, meme narratives have been heating up again. I first gave myself a “stop”: stop refreshing the candlestick charts, stop chasing trending topics, and pause to clearly write out the worst-case scenario first. Otherwise, once emotions kick in, stop-losses turn into “just wait a bit longer.” I generally only have two rules: set a retreat line before entering (if it drops to where I said I’d admit I was wrong), and don’t take a position so big that a single dip keeps me up. Basically, whether I can make money is another question—first, make sure I won’t get blown up by a single needle.

I also thought about the current pile of back-and-forth over NFT royalties. Creators want income, and the secondary market needs liquidity—both are understandable. But the market doesn’t care whether you understand it or not. When liquidity tightens and the floor slips, the liquidation lines on the lending side will come along with it. You can play with narratives, but don’t treat “the fun and hype” as risk control. Anyway, my strategy for this week is: whenever I catch myself getting itchy to trade, I stop immediately for a moment.