We are currently only 25% of the way through the bull market, and the real craze of memes will be achieved in the second half of the bull market. It is still early, so buy now and don’t sell it when it goes up or down. In addition, a meme’s 100-fold increase is usually completed within 1 month, so if it doubles 5 times in 1 day and you think it’s too good and sell it, you may regret it 1 month later.
When the market is calm, you can dynamically adjust your positions. When the meme is not crazy, there will be natural and random ups and downs every day. At this time, you can appropriately adjust your positions to reduce costs. A good operator can even reduce the cost of holding positions to zero before the meme takes off. But it should be noted here that you should adjust your positions when the meme fluctuates little, not when it fluctuates greatly. Because once the meme takes off, you want to say that I will sell it first, and then you may never get it back.