These past two days, meme culture has flared up again, and in the group chat a bunch of people are saying, “When the narrative shows up, don’t overthink it.” Others think cutting losses just means watching the price dip and then running; in reality, what I’m really afraid of is that moment when “liquidity suddenly gets thinner + the order flow changes and you end up getting hit with full slippage,” because it basically doesn’t give you any time to react.

My current approach is pretty old-school: before entering, I first write down one sentence like “How much of a loss I can accept,” and then work backward to set my position size based on that number. I’d rather take fewer losses than bet on luck. I also feel the on-chain data tools and the tagging systems—people complain that they’re laggy and can even mislead you… so I treat them like weather forecasts: they can be used as reference, but I don’t take them as a lifeline. Anyway, the fun and excitement are fun, but I put being able to sleep soundly first.