Ever wonder why chasing secondary plays rarely pays off?

Here's the thing about "proxy trades" - they're basically the market's way of separating smart money from retail FOMO. While everyone's piling into derivative projects hoping to catch the same wave, the original alpha quietly outperforms.

Take ZEC recently. The main narrative was clear, but folks went hunting for "the next ZEC" instead of just... buying ZEC. Guess which group made more? The ones who stuck with the source.

Proxy trades sound clever in theory. In practice? You're taking on extra risk for watered-down returns. By the time a trend spawns copycats, the edge is already gone. You're not early - you're late with extra steps.

Want better results? Skip the derivatives. Identify the core narrative. Allocate there. It's less exciting than hunting for 50x lottery tickets, but your portfolio will thank you.