Chasing

Entering 3-5% or more above the price where a setup actually triggered is chasing: buying the move after it happened instead of when it signaled. The setup is the same; the math is not.

Chasing inverts the trade's risk-reward. The logical stop stays where it was, so a late entry widens the risk while the target stays fixed. It also concentrates entries at exactly the prices where early buyers start scaling out, which is why chased positions so often mark the short-term top.