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TexasHedge · 139w

“Invest only what you’re willing to lose” is terrible advice because it a) Frames investing as gambling b) Ignores the fact that fiat cash is a position, and a terrible one over any extended ti...

pourteaux @pourteaux 1688597988

BUT- if you’re unwilling to lose it, won’t you capitulate at a local bottom?

🤙1

TexasHedge · 139w

I think that’s where position sizing and volatility of the asset come into play (e.g., you probably need more conviction and willingness to experience a large drawdown if putting X% of net worth in ETH vs X% of net worth in SPX).