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Yi Lihua: The core of trading is not about being right every time, but about being prepared with risk control measures.
ME News message: On April 14 (UTC+8), Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media that there is no 100% correct in investing and trading, otherwise it would quickly make someone the world’s richest person. Over the past year, it went from calling the bottom on ETH at $1,450, holding on until above $2,000 to weather black swan events, then escaping the top at $4,500 before $1,011, failing to bottom out at $3,000, and then sticking to bottom-fishing below $2,000 this time—if you’re right 4 times and wrong 1 time, problems will still arise. The core of trading is not that you have to be right every time, but that you need to be prepared with risk-control measures and strategies for various possible scenarios. (Source: ChainCatcher)