Yi Li Hua: The essence of trading is not to be right every time, but to be prepared with risk management

BlockBeats News, April 14th, Liquid Capital (formerly LD Capital) founder James distributed a message, stating, "There is no 100% correct investment or trade, otherwise, one would quickly become the richest person in the world."

Over the past year, Liquid Capital bought the dip in ETH at $1450, held through a black swan event to over $2000, sold before $1011 then watched it hit $4500, failed to buy the dip at $3000, and is now buying the dip below $2000. Even if you were right four times, one mistake could lead to issues.

The essence of trading is not about being right every time but being prepared for risk management and having strategies for various possible scenarios."