HODLong 后浪

本集概要：
04:10 从短线交易转向更长周期与威科夫交易法
08:02 实盘测试策略：为什么评估周期取决于交易频率
12:12 什么是量化交易：把交易逻辑自动化
16:01 加密市场常见的量化策略：从因子策略到做市
19:59 Dave 的交易三部曲：标的、执行与风控
21:54 趋势资金、基本面，以及持仓的难处
24:02 Dave 如何看待价值投资者
24:45 为什么过去的投资传奇受益于各自的时代
27:01 市场的非理性与抛售中的机会
29:56 资本关系网络与不断变化的竞争格局
31:02 流体智力与晶体智力
33:27 保持专注、应对碎片化信息，把事情做出闭环
36:11 用 AI 安排工作与研究的优先级
37:23 为什么玩耍能激发创造力、拉近人与人的距离
40:02 建立个人影响力，找到志同道合的伙伴
41:32 为什么策略开发者会选择公开交易
44:09 年轻团队在新兴市场中的优势
46:21 交易研究、冥想与长期规划
49:34 值得关注的人，以及敬畏市场的提醒

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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。

本期要点

00:00 币安创作者奖：获得长视频类目第五名
04:04 第一条爆款视频，以及走上交易之路的契机
08:05 为什么稳定的牙医工作，始终是做交易的底气
09:56 从接诊患者到面对市场波动，如何保持情绪稳定
11:58 赚到一百万元后，什么变了，什么没变
13:55 尝试多种交易体系后，为什么最终选择价格行为
15:45 用大白话解释价格行为：读懂 K 线传递的信息
18:06 市场背景、交易方向、入场点与止损位
20:01 逐根 K 线分析，以及 Al Brooks 交易方法的由来
22:01 不同交易系统有哪些共通之处，从不断叠加复杂度，到给交易系统做减法
24:12 读懂市场背景，而非预测下一步走势
26:06 为什么对 线索c 来说，价格行为比市场叙事更重要
29:12 比特币现货、小仓位合约，以及一次难忘的 ETH 离场
32:30 为什么每笔交易都必须设置止损
36:14 精选交易机会、分享图表，以及坚持不带单
39:17 教新手做交易，带来了哪些意外收获
44:27 为什么价格行为在流动性差、容易被操纵的市场中难以奏效
46:23 机构算法如何留下可识别的交易形态
50:34 机构的目标价只是估算，并非定数
55:23 错过交易就像错过一段感情：放下就好
57:20 专注于自己认知范围内的交易
01:01:09 为什么不建议全职交易
01:04:01 为什么新手不该羡慕重仓豪赌

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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。

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:
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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。

Show Notes: 

00:00 Introduction and Background about StandX and DUSD (why build together?)
02:15 Evolution and Challenges of on-chain DEXs
08:15 User Needs under Current Market Dynamics
12:32 Product Design and User Experience
16:41 Other Perp DEXs
21:15 Risk Management and Regulatory Environment for Perp DEXs
24:58 Market Competition and Strategic Positioning
30:08 User Feedback and Product Iteration
34:18 Summary and Outlook

X: @StandX_AG / @StandX_Official
Website: https://standx.com/ 

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。

Show Notes: 

00:00 The Journey of Self-Reflection

02:41 Understanding Failure and Fear

05:25 Defining Success and Failure

07:56 The Role of Trust in the Industry

10:13 Navigating the Crypto Landscape

13:03 The Evolution of Crypto Ventures

15:33 Lessons from Early Experiences

17:55 The Importance of User Value

20:44 The Impact of Market Dynamics

23:14 Reflections on Airdrops and User Engagement

26:01 Navigating Challenges in the Crypto Space

29:09 The Future of Crypto and Personal Growth

38:34 The Call for Decentralization

41:18 Building Jupnet: A New Era in Finance

43:59 Innovations in Authentication and Sequencing

48:49 The Multi-Chain Future: Embracing New Opportunities

51:06 The Role of Empathy in Leadership

59:54 Personal Growth and the Importance of Vision

01:04:06 Studio and the Challenges of Launching Projects

01:15:17 Focus on Building Strong Brands

01:17:44 Navigating Support Frameworks and Expectations

01:20:05 Leadership and Community Engagement

01:23:00 The Importance of Sustainable Project Support

01:26:18 Reflections on the JOO Token and Community Dynamics

01:36:26 Rebuilding the Token Narrative and Community Trust

X: @weremeow / @JupiterExchange

Website: https://jup.ag/

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
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ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

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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。

Show Notes:

00:00 Opening and self-introduction
01:23 The development history of Layer 0
04:37 Market competition and partners
06:47 Investment and market dynamics
09:26 Future outlook and strategic direction
16:33 The relationship between capital and the “interstellar arena”
19:10 Challenges of consolidation and the management environment
21:22 The impact of STG and market changes
24:05 Voting mechanisms and team participation
26:57 Buyback plans and use of funds
29:36 The development and future outlook of Layer 0
32:37 Comparison the experience working with PayPal and Plasma
35:45 Future challenges and opportunities

X: @PrimordialAA / @LayerZero_Core 

Website: https://layerzero.network/

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。

02:04 Crypto Journeys: Soju and Zhen's Backgrounds

04:27 Understanding Meteora: Current State and Future Vision

06:49 Lessons from Mercurial: Token Migration and Community Support

09:30 The Trump Token Launch: Behind the Scenes

12:23 Positioning for Future Celebrity Launches

14:59 Governance and Vetting Processes in Token Launches

17:46 Dynamic Bonding Curve: Innovations and User Experience

20:39 Dynamic Liquidity Market Maker: Features and Advantages

23:24 Challenges and Future Developments in DLMM

26:02 The Role of MET Token and Community Alignment

28:32 Revenue Utilization and Buyback Philosophy

31:10 Metrics for Success: Focusing on Fees

33:45 Future Vision: What Will Meteora Look Like in Six Months?

X: @MeteoraAG./ @0xSoju / @realdezen

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
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ETH: 0x83Fe9765a57C9bA36700b983Af33FD3c9920Ef20

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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。

Show Notes:

Chapters

00:00 Introduction and Background of Lighter

02:26 The Launch of Lighter and Its Features

05:25 Transition from Private to Public Beta

07:56 Trading Volume and Metrics

10:37 Open Interest and Volume Dynamics

13:31 Incentive Programs and User Engagement

15:56 Points System and User Behavior

18:42 Future Developments and Season Two

21:27 Verifiable Matching and Liquidations

24:09 Fee Structure and Token Philosophy

24:45 Retail vs. Professional Trading

27:12 Fee Structures and Trading Tiers

29:00 Latency and Advantages for Premium Accounts

32:43 Order Flow and System Verification

35:40 Single Sequencer Challenges

38:46 Auto-Deleveraging and Liquidation Processes

41:33 Criteria for Asset Listings

43:25 Community-Driven Regional Strategies

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。

Show Notes:

00:00 Sahej's Journey into Crypto and DeFi

01:41 Building Avantis: Vision and Strategy

04:40 Choosing Base: Strategic Decisions

07:12 Market Dynamics and User Engagement

09:48 Innovative Trading Models at Avantis

12:30 Liquidity Provider Innovations

15:29 Tokenomics and Community Engagement

23:42 Strategic Buybacks and Growth Focus

26:22 Balancing Token Holder Incentives and Team Sustainability

29:00 Innovative Staking Mechanisms and Risk Management

31:12 Leveraging AMMs for Unique Trading Features

34:12 Scaling Open Interest and Market Maker Incentives

37:10 Governance Dynamics and Community Engagement

38:46 Navigating Partnerships and Market Dynamics

45:05 Future Roadmap and Technological Innovations

X: @0xSehaj / @avantisfi 

Website: avantisfi.com

If you like this episode, you're welcome to tip with Ethereum / Solana / Bitcoin:
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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。

In light of the kick-off of Points Program Stage 3 of Aster I'm publishing this episode recorded on September 29, 2025 with Leonard, CEO of Aster, on Aster's value proposition, all things related to the token transparency, Aster Chain, and future plans

00:27 Leonard's Journey into Crypto

03:56 Defining Aster's Current and Future Vision

07:21 Aster's Unique Value Proposition

09:57 Governance and Decentralization in Aster

11:39 Leonard's Preference on Other DEX Products

13:39 The Dark Pool Design Explained

18:36 Tokenomics and Supply Dynamics

23:57 Genesis Stage 2 / 3 Points Program

28:16 Spot Trading and Liquidity Development

33:05 Postmortem on XPL Incident

35:31 Oracle and Tokenized Stocks

37:17 Token Buybacks Philosophy

43:04 Product Features and User Demographics

46:31 Aster Chain and Future Directions

51:02 Market Maker Program and Mobile App Development

X: @LeonardAster/ @Aster_DEX 
Website: https://www.asterdex.com/

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。