Meme is heating up again, the more exciting the narrative gets, the more I get itchy hands, but honestly, I'm not afraid of a pullback, I'm afraid of not admitting mistakes and stubbornly holding on. So before I get in, I make it clear: if it breaks below the previous sideways low, I’ll exit, don’t get emotionally attached; also keep the position smaller, at most treat it as a sample within noise.

Recently, I’ve been interpreting ETF capital flows and US stock risk appetite as tightly linked, it looks like a logical set, but when it comes to Meme, it’s more like emotional contagion… once that momentum is gone, liquidity disappears just like that. Anyway, I follow the rules, whether I make money or not is up to fate, first cap my losses.