Trading and trying to catch trend is also very dangerous. When Trump meme-coin became popular, my wife asked me if I had bought them. I have a rule, dont get involved into meme-coin trend.
You can catch trends early, though it is a skill. If you are seeing something when it's already covered in the news or on social media, it's most likely too late to join in, or the risk and reward ratio will be geared more so toward risk. Not getting involved in memecoins generally speaking is a good rule, however there have been some who have played that game smarter than the crowd, and have gotten ahead by doing so. This isn't by luck though, it's by using the right tools, skills and approaches to be able to succeed in such a high risk and dangerous part of the space.
But somehow under pressure of news, greed and question my wife asked me (I was actually surprised that she even find out about Trump meme-coin and paid attention to crypto), I have purchased a little of it. But sadly, it was already to late to earn with it. Sold within an hour with little loss. My experiences how I was under pressure and how easy I was manipulated...
It could have been worse, it has bled 80% from the top. Selling within an hour with a small loss is a good remainder/price to pay to stay out of that game. It could have been worse, and you could have bled with it as it has over the last few weeks.