Trade the theme you have. Not the theme you want. This is the single hardest lesson in trading and most retail will never learn it IMO. There are dozens of investing themes alive at any given moment. AI infrastructure. Space. Robotics. Quantum. Nuclear. Defense. Biotech. Crypto. Small cap value. Emerging markets. Commodities. Lithium. Hydrogen. Solar. EVs. Every single one of those themes has a thesis. Every single one has believers. Every single one has charts that some influencer can make look bullish in the right window. But here's the truth nobody wants to hear... Only a handful of them are actually bullish at any given time. Right now AI infrastructure is working. Space is working. Power and grid is working. Memory is working. You know what's not working right now? Most of the things people want to be working... That EV name you have been holding for two years because the long term story is amazing. The hydrogen play that should rip any day now. The biotech you bought because the science is groundbreaking. I have been there. We all have... The market does not care about your thesis. It does not care how right you are. It does not care how early you are. It does not care how disruptive the technology is. It only cares about where capital is actually flowing this quarter. Our job is not to predict which theme should be working. Our job is to identify which themes are working and put size there. The single biggest edge in this market is brutal honesty about which themes are actually in our portfolio doing work, versus which themes are in our portfolio because we're emotionally attached to the story. Wish someone screamed this at me ten years ago...