Summarizing my current strategy and insights:

1. Two prerequisites: unique narrative or unique mechanism, preferably a combination of both, which is what I like the most. An example is ai16z and antipro.

2. Combined with the first point, I prefer scenarios with a very high ceiling (for me, that means potential in the hundreds of millions, at least tens of millions); I won't invest in poor narratives.

3. I don't play the internal market, only what is shot out: 1) Once shot out, I don't look back; if the narrative is strong, I will buy in at a few hundred k, and based on market reactions, choose to exit at a few hundred m or sell everything if something seems off; 2) The second scenario is when something is shot out and reaches several million or 10m, followed by a significant correction, which gives me time to research thoroughly, and I will enter during the second phase.

4. I won't make more than 3-5 moves a day; in fact, recently I typically only make 3 moves at most in a day. You can try this habit of controlling the number of times you make a move; it hinges on 1) understanding what constitutes a good opportunity (which is essentially the two prerequisites I mentioned above). 2) Controlling the number of moves can help you manage losses. The reason you make random investments is that you don't limit your actions; if you could only invest in 10 companies in your lifetime, how would you choose? This principle applies equally to the meme market.