Actually loss is a measure for risk, which is the perceived chance of a loss. So this is awesome investment advice actually. I can probably sum up all my name or dollar losses and then compare myself in risk-taking to Fred! This is great
Consider this definition of risk: https://youtu.be/cAHtuk0kgEU?si=8FZFMqmzVDyxbZtT
This strategy could def be used with memecoins. In the last memecoin run I optimized for 50% of my investments going to almost zero, and it paid off.