These days, I keep seeing a bunch of memes and celebrities calling out trades, and the comment section is all "Should I rush in?"

I tend to look at the macro side first: when interest rates go up, money becomes more "picky," and during times of risk appetite contraction, positions aren't held up by conviction but are forced to lighten.
In other words, as the cost of capital rises, people are more willing to hold and wait, and the enthusiasm for chasing highs on-chain will also turn into waves of attention shifts.

So my current approach is pretty boring: whenever external winds tighten, I first reduce the "must-profit" positions, keep some bullets, and don't let myself become the last relay runner.
If I really want to participate in hot spots, I do, but I assume it's driven by emotion rather than value—if I lose money, I just treat it as tuition, don’t get carried away.

What I fear most isn't missing out on opportunities, but rather understanding the risk transmission clearly and still pretending I don't feel anything.