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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 Report, April 14 (UTC+8), Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media that there is no 100% correct investment and trading, or else they would quickly become the world’s richest person. Over the past year, from calling ETH’s bottom at $1,450 and holding on through the black swan event at over $2,000, to escaping the top at $4,500 before hitting $1,011, failing to bottom at $3,000, and then sticking to the bottom below $2,000 this time—even if they were right 4 times and wrong once, problems can still arise. The core of trading is not about being right every time, but about being prepared with risk management strategies and responses for various possible scenarios. (Source: ChainCatcher)