Trends, tracks, and hotspots are stories of different "lengths".
The essence is narrative.
Trends are long-term narratives that last for several decades, or even over twenty years.
Opportunities in tracks last about six months to a year,
while hotspots are short-term narratives of one to two months.
Therefore, chasing hotspots can easily lead to losing everything.
Because when you find that someone is making money from a certain hotspot, by the time you get in, you often end up being the "bag holder".
As for chasing tracks,
when you see the first wave of people making money, the second wave can still have the opportunity to ride the main uptrend,
because the narrative of the track lasts long enough.
As for trends, they often take over a decade or twenty years, being such a long process.
Moreover, during this process, the main track will constantly switch and mutate.
As long as you can lie within this trend, you basically won't fare too badly