I restarted HODLong as a traders’ talk and hosted Ogle as the first guest on the show.
Show Notes
00:00 How Ogle first got into trading as a kid
05:17 Growing up poor and developing a complicated relationship with money
10:52 Stepping back from public life, building companies, and returning to trading
14:09 Why deep research comes before making meaningful investments
18:23 The core thesis: revenue, real users, and value flowing back to token holders
24:53 How to research founders, incentives, and whether a business can sustain its model
27:00 Early bets vs. later entries: balancing risk, upside, and conviction
29:41 Position sizing and the idea of a “sleeping size”
32:19 A real-time example of resizing a position when part of a thesis breaks
36:29 The “wrong train” mental model for cutting a losing position
38:05 Why opportunity cost matters more than comparing investments directly
41:19 What makes a business defensible: moats, partnerships, and distribution
46:16 Self-worth, luck, and proving you can still perform
50:37 Why strong founders can still lose: timing, capital, and staying close to users
57:23 How better user experience helped reshape perpetual trading
60:04 Why investing is easier to pivot than building a company
61:44 Actively looking for evidence that disproves your thesis
65:40 Turning trading lessons into durable mental models
68:23 Ego, detachment, and why traders are often competing against themselves
70:34 Managing liquidity risk and preserving optionality in large positions
72:49 Social trading, signaling, and the danger of performing for an audience
78:25 Closing thoughts: social media, visibility, and the Panopticon
If you like this episode, you’re welcome to tip with Ethereum / Solana / Bitcoin:
如果喜欢本作品，欢迎打赏ETH/SOL/BTC：
ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20
SOL: AaCeeEX5xBH6QchuRaUj3CEHED8vv5bUizxUpMsr1Kyt
BTC: 3ACPRhHVbh3cu8zqtqSPpzNnNULbZwaNqG
Important Disclaimer: All opinions expressed by Mable Jiang, or other podcast guests, are solely their opinion. This podcast is for informational purposes only and should not be construed as investment advice. Mable Jiang may hold positions in some of the projects discussed on this show.
重要声明：Mable Jiang或嘉宾在播客中的观点仅代表他们的个人看法。此播客仅用于提供信息，不作为投资参考。Mable Jiang有时可能会在此节目中讨论的某项目中持有头寸。
Source: HODLong
