What Iβve learned over the past 2 years is this:
When a new, giga clear runner appears, your priority is to get on that wave as early as possible. To do that, you must start derisking your positions across all memes, especially if youβre holding a big size. Conviction doesnβt matter in that moment. Being on the wave does.
The goal is not to abandon your conviction plays forever, but to ride the main runner while it has momentum. When you feel that the runner is losing fuel and the move is close to exhaustion, you rotate profits back into your conviction bags. Almost always, they will be available at a heavy discount.
This is not advice specific to a bull run. This applies to markets like the one weβre living in now, where liquidity is thin and capital gets hyper-concentrated into a single dominant narrative. Liquidity itself becomes the main influence.
If you donβt do this, others will. Youβll miss the wave, and at the same time your existing bags will bleed as liquidity gets sucked out.
This is extremely hard for me because Iβm naturally very bullish and a diamond holder. But markets donβt reward stubbornness. If you donβt adapt, you lose.