These days, meme stocks are getting lively again, and a bunch of people in the group are asking me "Since the narrative is so strong, should I chase?" I usually think of it like stir-frying in the kitchen: when the oil temperature rises, the aroma is great, but the pan is also most likely to burn. My stop-loss is set quite simply — first, figure out what the "trigger point" is for this narrative to fail (for example, a clear decline in popularity / on-chain activity drops / liquidity starts to drain), then place my stop-loss at a level where I can accept the loss, and don't expect to be quick on the trigger in the moment. The twist is, sometimes memes can really take off, but I'm more afraid of myself getting carried away by emotions and adding to my position, especially recently with all the noise about pledging and shared security "compound yields," which makes it feel like many things are stacking into a nested doll. Once confidence wavers, the pullback can happen faster than you think. Anyway, my approach is: keep the position smaller, set two-stage stop-losses, and if the funding rate starts acting weird (like the bulls pushing too hard), I treat it as oil splashing in the pan — turn off the heat and step back for now.