Position sizing on $OP and $ENA tied to conviction and market structure.
500x leverage on $100 = $50K notional exposure. Acceptable when testing thesis with capped downside.
100x on $100K = $10M notional. Only deployed when edge is clear and liquidity supports the size.
Risk management isn't static. It scales with opportunity set and market conditions. Small size for exploration. Heavy size when conviction meets capacity.
500x leverage on $100 = $50K notional exposure. Acceptable when testing thesis with capped downside.
100x on $100K = $10M notional. Only deployed when edge is clear and liquidity supports the size.
Risk management isn't static. It scales with opportunity set and market conditions. Small size for exploration. Heavy size when conviction meets capacity.
