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Something that might upset some: At a certain point, buying a stock that’s already up hundreds or thousands of percent in a short period of time is like picking up crumbs after the feast. The opportunity in a stock like this is usually much smaller than people think.

You can’t just buy any stock at any price. No matter how much you believe in the story, narrative, fundamentals, etc. where and when you buy matters. So many of these stocks that have pulled back and gone through major corrections are still significantly higher than they were just months ago. You can have the best story, fundamental trajectory, or narrative in the market but once too much gets priced in, volatility ramps higher and corrections happen. If you bought months ago, you’re likely still up a significant amount. If you chased the hype and focused only on where the stock might go instead of where the price already was, you’re likely getting crushed. That’s the difference between buying a great company and buying a great company at a good price. You don’t need to catch the exact bottom but you do need to understand where a stock is trading relative to its history. That doesn’t mean these have topped forever, but it does mean that many people who chased are now underwater and need 50-100% gains just to breakeven. Price matters, entry matters.

Something that might upset some: At a certain point, buying a stock that’s already up hundreds or thousands of percent in a short period of time is like picking up crumbs after the feast. The opportunity in a stock like this is usually much smaller than people think.