These days, meme hype is heating up again. I actually don’t dislike the lively atmosphere, but I’m most afraid of being carried away by the narrative. To put it simply, my “stop-loss” for meme investments is more like a library borrowing rule: first clearly state why I’m buying, the maximum loss I can tolerate, and once I break a certain line, I must return the book and walk away. Otherwise, hesitation might turn it into a long-term hold.

Now I cut my positions into very small pieces, and before entering a trade, I set the stop-loss price (not setting it makes me really hesitant), and I only allow myself to add to the position once. If I want to add a second time, I just pretend I didn’t see it. When I see liquidity starting to thin out on-chain, with trades relying on just a few large orders, I default to the story being almost over. I’d rather take a smaller profit and exit early.

By the way, watching Layer2s compare TPS, fees, and subsidies every day, it gets pretty noisy. But for someone like me who manages positions, the bigger the subsidy, the more I have to ask: who’s actually paying for this APY… Never mind, I won’t get into that now. The rules are written, and while the hype is lively, don’t get yourself into a trap.