It becomes too stressful looking to catch tops.
With smaller percentages, it can be fun. Never risk it all - always risk a little :)
Besides your account is generating income... Constant income supersedes a large payday in my view, as the payday only happens once. Most will probably disagree though.
I don't disagree, but I think there is room for investment diversity in both vehicle and tactic. Many little "large paydays" affect the long-term outcome - the problem is too many are polarized in their views - all or nothing.
True, the majority of my portfolio is not liquid for trade. I do however have about 12% as trading capital, being traded on an ongoing basis. A further couple of percent in very high-risk micro-cap plays that I would most likely sell on a cycle top. The majority or my "stability" is earning more in the form of DeFi, other investments, and simply wallet hodling.