Recently, Meme is as hot as freshly poured tea, with a bunch of people in the group using "narrative" as a shield. I was impulsive too, but now I’m more afraid of getting burned. To be honest, the excitement is just excitement; stop-loss should be prepared in advance. Otherwise, when a pin pricks, your mind is still looking for reasons, but your hands are already too late.

These days, someone again links ETF capital flows and the risk appetite of the US stock market to the rise and fall of the crypto market. It sounds quite smooth, but I no longer chase explanations... randomness is just randomness, don’t force a storyline. My approach is very simple: before entering, think “I’m willing to accept losing up to this point,” and leave when the time comes. Don’t wait for a narrative to comfort me. Don’t chase hot soup; first see if it’s hot or not.