the 1 rule for crypto investing position sizing

Transcript (Auto translated can have spelling mistakes)

So what we've got to do is make sure that as a percentage of our total investing capital, what we put into any one token is not very much because if that token goes to zero, Mhm. we don't want to lose a big chunk of our account.

So my position sizing in crypto as a percentage of my entire trading accounts is very very small much smaller smaller than in stocks because I know that there's more uh ticker specific catastrophic risk in crypto so I I always think about the risk first because risk is about survival. You know, it doesn't matter how much I make this year. If I blow up next year, I've got no money. But if I survive first, I never blow up, then I can constantly grow my wealth.

[Music] Mhm.