Last night, I was scrolling and saw someone talking about a meme that took off overnight. My first reaction wasn't to jump in, but to put my phone on the table and pour a glass of water... Excitement is so easy to burn your brain.

The meme narrative, honestly, is just emotional relay; when it reaches you, stop-loss should be written before you get excited. I usually have two approaches: either set a point below cost where I can accept the pain directly, or simply use position-based stop-loss—buy less, and treat a drop as if nothing happened. Don’t rely on manual intervention on the spot; when it really plunges, your hand will go soft.

Recently, everyone has been using ETF capital flows and US stock risk appetite to explain all the rises and falls. It sounds plausible, but I still believe in one thing: once the narrative disperses, it’s over; don’t force it. Wait a bit longer in the fog, and you’ll see clearly when you come back.