These past couple of days, I've come across a bunch of meme narratives—it's really lively, but my approach has always been pretty simple: first decide "the maximum loss I can tolerate," then place the buy order. Don't rely on emotions for stop-loss; once the price moves into a "chaotic zone I can't explain," just set a preset to sell half or all, even if it means earning a little less.

Running a position for a long time has a flaw—what I'm most afraid of isn't slowness, but chaos—slow can still be verified and waited out, but chaos means rules can change at any moment, and you can't even clearly say what you're betting on.

By the way, the NFT royalty mudslinging match also seems pretty similar: on one side, saying they want to protect creators; on the other, saying they want liquidity. In the end, the market will choose, and no one should be surprised.
So now I only keep a small position for entertainment, and the rest I put back into places I can clearly understand, so I can sleep more peacefully.