One common mistake I see is trying to be too clever too early.
People correctly identify a meta early, but instead of expressing it through the cleanest, highest-attention vehicle, they hunt for cheap, illiquid betas hoping for extra upside.
That adds unnecessary complexity:
you now need the meta to hit and capital to rotate into your specific proxy.
In a fast, speculative market, the main ticker gets the bid first.
Betas only work after the narrative is established.
Early on, simplicity is the edge.
