The perspectives of investing and speculating are different. Investment prioritizes the worst-case scenario—whether you will lose your principal or even face death. Speculation, on the other hand, is thinking, "What if I actually succeed, how much will I make?" The starting points are different, and so are the outcomes. Meme may be speculative, but you should think from an investment perspective. For this trade, what is the maximum loss I can accept? By doing so, manage your position well and accumulate small wins into big wins.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The perspectives of investing and speculating are different. Investment prioritizes the worst-case scenario—whether you will lose your principal or even face death. Speculation, on the other hand, is thinking, "What if I actually succeed, how much will I make?" The starting points are different, and so are the outcomes. Meme may be speculative, but you should think from an investment perspective. For this trade, what is the maximum loss I can accept? By doing so, manage your position well and accumulate small wins into big wins.