Over the past two days, memes have gotten lively again. I tell people not to chase the price up, but with my own hands I still click confirm… To put it plainly, I’m just craving that burst of excitement. In the past, I was still stubborn and said, “I only look at on-chain data.” By watching new positions and pool depth, I felt like I was being very rational—yet once my emotions kick in, I can even read the on-chain data as, “It’s about to take off.” Later, I went to the other extreme and said, “I only look at sentiment.” If the group is shouting loudly, I run; if I run too slowly, I still end up getting hit.

Now my stop-loss for myself is pretty old-school: before entering, I write one sentence—“I’m willing to lose up to where”—and once it’s time, I carry it out, without negotiating with myself. Especially when I see the whole setup of re-pledging again, shared security, and stacking yields being criticized as “nested dolls,” I become even more cautious. No matter how sweet the narrative sounds, it might still fall apart with one twist. Anyway, just stay alive first. If I write more notes, maybe my impulsiveness will go down a little… probably.