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Someone asked me how to set stop-loss behind the lively Meme market.
I said basically there are two points: first, clearly understand that you're buying a "narrative" not "value," so don’t try to reason with fundamentals when setting stop-loss; then, write your exit rules in stone, otherwise a quick group message can make you change your mind again.
For example, I split my position into small parts, and at the first big bearish candle, I don’t look for reasons—just cut half, and treat the rest as a ticket to watch the show...
Anyway, don’t let it turn from a joke into an accident.
Recently, that mainstream public chain is upgrading/forking/maintaining, and everyone in the group is guessing whether the project will migrate.
I’m even more afraid to fight the market: I can’t control whether it migrates or not, but I can control my hand from holding on too hard—better to earn less than to force it, sleeping well is more important.
That’s all for now.