The way Cathie Wood manages ARK strikes me as institutional size day trading, and having a “five year vision” is no excuse to catch falling knives or accumulate recklessly.
E.G. I believe in crypto, but when btc went from 20k - > 50k i took all my profit except my initial investment. It was purely speculative sure, but it drastically reduced my risk without reducing too much profit potential if i still believe in the long term.