The more highly liquid an asset, the more efficient it is and the fewer trading opportunities after accounting for transaction costs. In something like the S&P 500, everything is already priced in.

Meme stocks and shitcoins being manipulated by whales are not efficient and also not as liquid.

The larger point remains that none of the above considerations are discussed on this product's page.

I'm realizing there's a lot of confusion about what trend based models actually are. I was under the assumption the concept was more widely understood, but I'm realizing we need to explain it better.

To be clear, there's nothing new or innovative about a trend based model. It's one of the most commonly used investment strategies by intuitions, etc. It's been widely utilized for far longer than I've been alive.