1. First, when you buy a meme, you need to carefully consider the 'Eight Self-Questions of Meme' that I pinned. At the very least, you should think about it, even if you don't fully understand it. If you always just follow others to buy coins, you will never grow. I think one of the great things about the cryptocurrency world is that it can partially level the differences in background and experience, giving many ordinary people opportunities. But when you are given opportunities, you also need to learn to quickly iterate and grow yourself.

2. Why do corrections happen?
You need to understand that there are no coins that only rise and never fall; it’s just a matter of time and phase. Some coins may rise directly to 50 million or 100 million without a correction, but there will always be a correction.
Reason:
1) From the perspective of a single coin
a. Pumping a coin requires capital. Where does the capital come from? First, it is the money they originally prepared, and second, it is the money they made from the first wave of pumping and then selling off. Everything is about ROI, and the pumpers certainly hope to expand the market with the least cost possible.
b. A trash pumper only pumps once and then dumps; this is not called a correction. How to avoid trash pumpers? This question goes back to the 'Eight Self-Questions of Meme.' You need to discern the sustainability of a market (combining narrative, pumpers, and mechanisms for judgment).
2) From the market perspective
a. When liquidity faces a black swan, the corrections of BTC and SOL in the secondary market will affect memes.
c. On-chain black swans. For example, the theft of coins from DEX or the earlier incident where the founder of http://gm.ai scammed everyone out of 30 million dollars in Vietnam, etc.

3. What to do during a correction?
1) If you are only making money from PVP, you should of course immediately liquidate your position during a correction.
2) If you have already thought through the narrative, mechanism, and pumper issues and are very certain, then at this moment you should buy more instead of selling off.

4. How to avoid or reduce panic during corrections?
If you haven't thought through the initial questions clearly, you will feel scared and panicked. At this moment, you are like a gambler; you don’t know whether to buy more or to cut your losses. You are asking everyone around you whether you should hold on or not.
There is a way to effectively avoid feeling panicked when your holdings are correcting: learn to take profits.
Aside from insider information, you cannot earn all the money from start to finish. Money is what you secure in your pocket; you should learn to gradually take profits, letting the remaining part of your profits run. Losing a little is just earning a bit less; reaching the sky is a surprise.

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