Chasing assets that have already surged 30% to 40% within a single year? That's essentially a recipe for disaster. Once a rally of that magnitude has already played out, the easy gains are gone—what remains is mostly downside risk with fading momentum. The real money moves happen on accumulation, not on the tail end of explosive moves. Most traders who jump in at these levels end up catching falling knives, watching their entries evaporate almost immediately. The psychology is seductive: seeing something up bigly makes it feel inevitable, but that's precisely when complacency gets punished hardest. Smart positioning means buying weakness with a thesis, not chasing strength with FOMO. The market rewards patience and contrarian thinking far more than trend-chasing does.