Why do most retail (individual investors) like memes?
I think it's right. Every day, most people act as follows:
1. Surf X, channels, groups to see if any of your favorite guys talk about any tokens
2. Long x20 that token or buy that meme right after
3. Sit and pray
4. Cut loss when price drops or hold to DIE when price increases
This is the psychology of gambling. There is no trading system, no risk management framework. People are simply betting up or downâŠ
Therefore, the first step to prevent your account from losing a lot or being eliminated as strongly as most people is to have an allocation plan and when investing, have an independent investment argument.
