Y’all are eating good. I see it. But don’t get sloppy.

We’re in a market that feels electric, reminiscent of the late 1990s, right before the dot com boom hit its peak. Back then, everyone was riding the wave of internet stocks. Companies with .com in their name were hot, and valuations went crazy. Investors were seeing triple-digit gains overnight. It felt unstoppable. Then March 2000 came, and the party ended for many who got too greedy.

Fast forward to today, and AI is the shiny new thing. Everyone is talking about generative AI, artificial intelligence platforms, and the next big tech breakthrough. Valuations are soaring. Everyone wants a piece of the action. The excitement is real, and yes, profits are rolling in. But here is the key lesson from history: markets move fast, and euphoria can fade faster.

I’m not saying a crash is inevitable. Maybe it never happens. But the smartest move is to act like it could. Trade like it’s the end of 1999. Take your profits early and often. Don’t marry your gains. No one ever got hurt by taking profits off the table.

For those who are running an investment portfolio, this is where discipline and strategy come in. Channel your inner Buffett. Look for undervalued companies, those that have solid fundamentals but aren’t riding the hype wave. Allocate some of your AI gains into these safer bets. Diversification is your friend.

And then there is playing D. Defensive moves aren’t just for bears or rainy days—they are for smart traders who want to protect what they’ve earned. Hedging positions, locking in profits, managing risk. Playing D is about ensuring your gains survive the next market swing, whatever direction it comes.

In short, enjoy the ride. Celebrate the wins. But do it with your eyes wide open. Take profits. Protect your capital. Invest in value. And always have a defensive plan ready.

Because history teaches us that the higher you climb, the more careful you need to be about the ground below.

Woof Street members, it’s time to play D.