I am getting 2021 flashbacks.

Revenue has become irrelevant, let alone cash generation.

Small cap has somehow become synonym for quality.

Story over reality.

Pump and dumps left and right.

Overvalued IPO's hitting the market

Everyone flocking in the same themes (and doing fcking well, hooray).

A handful of companies are holding the market up.

Now we wait for a bunch of SPACs and we can actually call a top.

The best way to play this?

Play it like 2021. Ride the wave up. Ride it hard.

But be ready for when it comes down. It will.

The 2021 retail favorites are now all-forgotten.

$ROKU, $PTON. $DM, $GOEV, $SPCE, $ZM, $TDOC, $RIVN.

Surely some of the names are going to hold up, or bounce back.

So did, $PLTR, $HOOD, $SOFI and a whole bunch of other names

Just be ready for that downside. It will come eventually

We all think we can handle it, until it actually happens.

The second half of the year will be volatile.

Make sure you have a plan in place. Either get out in time or be ready to add to your high conviction plays.

During drawdowns, cashflow will matter again.

Consistency, margins, growth and not just a story.

Pick the right ones.