These past two days, memes have been scorching hot again. I know that narrative is basically an emotional engine, but I still get antsy and click in to have a look. The psychological reason, put plainly, is fear of missing out on the fun—fear that if I don’t participate, it’s like I’ll get kicked out of the group chat... Especially when I see everyone linking ETF fund flows, U.S. stock risk appetite, and the crypto market’s rise and fall together in their interpretations, that “it feels like everything has an answer” kind of feeling makes it even easier to get swept up.

But my stop-loss for memes right now is simple and brutal: first, think clearly about the maximum loss I can accept on this trade, then just place a hard stop—no adding, no adjusting along with it. If it goes up, I’m not in a hurry to fantasize about multiplying by several times; I’ll consider it a win as long as I retrieve the principal in two times. Anyway, the excitement is the excitement—my K-line chart is enough like an ECG, and I don’t need to turn myself into one too. That’s it for now.