I only realized after I started recording that this kind of hype, like meme trading, is the easiest to get people's emotions running wild: at first, I agreed to try a small position, and after a couple of K-line rises, I started fantasizing about narrative relay. Now I write down “why I bought” and “under what circumstances I admit I was wrong,” which really helps, at least giving me three more seconds to hesitate before making the next move.

I also keep stop-loss rules simple; honestly, there are only two: one is to exit when the price moves to a point I no longer want to explain, and the other is when the narrative turns sour (the group shifts from discussing logic to just shouting slogans), I also exit. Recently, everyone keeps interpreting ETF capital flows, US stock risk appetite, and crypto market rises and falls together, and hearing it so often makes me feel like “macro is covering me,” but when you’re in the fog, you still have to brake yourself… Anyway, survive first, only then can you qualify to participate in the next wave.