#IQ

1. Today on Binance, the contract I was following had a large "pullback"; this pullback scared away the only person who followed my trade, and they exited with a loss, which I feel quite embarrassed about. However, I estimate that they didn't really read my article; otherwise, they wouldn't have followed my trade, because following someone else's trades is fundamentally not a way to make money in the long run.

The reason for opening this trade was due to the significant drop in the US stock market last night and issues with tariffs. Additionally, I feel that the meme on the SOL chain is slowly coming to an end. On-chain gambling will heat up for a while and then cool down, but it won’t stay hot all the time.

Because of gambling, most bettors end up losing. Moreover, it comes fast on-chain, as it doesn't take long for bettors to lose everything.

Therefore, my plan is to dollar-cost average into a short position on SOL while also opening a long position on BTC for hedging. I just didn’t pay attention to the fact that I only put down 1000 U in margin. This led me to accumulate nearly 30,000 U in positions, so feeling a loss of around 400 U felt substantial, though it's actually not that bad.

I will just hold onto this position and won’t open any more long positions or add margin. If I open more long positions or if there’s a liquidation in the contract trades, I can just continue on my own account.

My thinking is that if SOL rises against BTC, I will hedge around 100,000 U. The stop-loss will be based on BTC completely breaking through the daily EMA 56.

2. Speaking of memes, because I am optimistic about the “ordinary people” (memes), I will continue to hold the remaining tokens. As a result, when I woke up this morning, I saw that it had dropped again, but fortunately, it didn’t go to zero. I'm used to memes.

However, at noon, it surged again. It peaked at 1M, directly doubling. I sold some during the pullback. The rest I will hold onto for now, as there haven’t been many good targets on the BSC chain lately; ordinary people are somewhat of a consensus. Next, I will see if there are any institutions that are interested.

Actually, I feel that currently, it is still possible for institutions to come to BSC and create a meme, as it not only has official support but also that BSC has relatively hungry funding. Although the highly correlated “wish pool” has also surged several times today, I still feel that if BSC produces another godly project, it must be unrelated to CZ and the top individual; only in this way will BSC have a future.