Yi Li Hua: The number one rule right now is to always use stop-loss and take-profit orders; it is crucial to protect your principal in a bear market

BlockBeats News, April 19th, Liquid Capital (formerly LD Capital) founder Eric Meltzer stated that it is crucial to protect the principal during a bear market. With frequent on-chain thefts occurring, many have suffered losses of their principal in pursuit of a few percentage points in returns. Similar to many investment mistakes made in the past, all investments carry risks, whether the funds are held on an exchange or involved in yield farming. The current top priority is to always have a take-profit and stop-loss strategy in place, and to consistently consider how to respond to the worst-case scenario. Otherwise, the most regrettable outcome would be missing out on the bull market due to the loss of the principal. While optimism is important in investments, risk management must be rigorous.