Just finished a night run and sat by the roadside to scroll through the on-chain activity. Meme projects have been insanely lively these past two days—so soon as the narrative starts, everyone seems to be pumped up. To be blunt, the first thing I think about when entering this kind of setup isn’t how much I can make; it’s first to spell out clearly “how much I’m willing to lose”: once it hits my line, I leave—don’t haggle with yourself, especially those who, even after the whole thing gets punctured right away, still think they can wait for break-even.

New L1/L2 projects have started issuing incentives again to boost TVL, and in the group the older users are complaining about “digging, selling”—I get it… capital migration is way too fast, and once the hype is over, you’re left with nothing but a pile of emotions. My stop-loss is pretty old-school: if it breaks below the structure or the key level I recognize, I exit. I’d rather take in a little less than argue with liquidity.

What I’m most afraid of isn’t losing money—it’s when I should’ve bailed but I still put on this “big picture” act, only to end up standing guard for the narrative. Anyway, I’ll keep practicing slowly, on the way.