Just saw another meme coin pump again—honestly, I can’t be bothered to click in to take a look. Every time the narrative gets hyped up, someone always asks me, “Should you chase it?” I just fire back: “Have you set your stop-loss?” Not just set a price—think it through in advance: if this narrative collapses and the hype dies down, are you going to run?

A lot of people say “I believe long-term,” but when it drops 20%, they start疯狂补仓 as if they’re still calm—when in their heart they’re terrified.

It’s even more obvious in on-chain games. Once the economic model breaks, the studios dump their inventory, the coin price spirals down, and ordinary people don’t even have time to react. My own habit is: if a coin is propped up purely by “a story,” first figure out when this line might break—if it breaks, how much can I take? No preaching—anyway, everyone can weigh it for themselves… In any case, these kinds of things take up a low share of my positions; I’ll set a psychological stop-loss line, and the rest is left to luck. That’s it for now.