These are the hot stocks everyone online was preaching last year.

The “can’t lose” names.
The “future” names.
The stocks all over X, YouTube, Reddit, and Discord.
Here is how far they are down from their all time highs right now:
$SOFI
Down 51.21%
$HIMS
Down 71.75%
$HOOD
Down 54.47%
$IONQ
Down 64.57%
$EOSE
Down 84.76%
$RKLB
Down 32.21%
$PLTR
Down 28.17%
$ACHR
Down 71.08%
$UPST
Down 93.67%
$OPEN
Down 87.37%
$AFRM
Down 74.86%
$IREN
Down 50.66%
Point is simple.
Narratives sound the strongest near the top.
Hype is the loudest near the top.
And that is usually where the risk is the highest.
This is exactly why valuation matters.
This is exactly why position sizing matters.
And this is exactly why you do not chase stories just because everyone online is screaming about them.
When sentiment flips, these things can get cut in half fast. Or worse.
Not saying these are bad companies. But you need a good valuation to make a good company a good investment.