According to BlockBeats, on December 18, top trader Eugene Ng Ah Sio said that making money and keeping profits in the crypto market are two different things. When planning a cycle exit strategy, the goal is to reduce the retracement from the highest point.
He shared the indicators for measuring investment performance: a 0-20% retracement means perfect defense but may sacrifice upside; 20-30% means good operation and timely withdrawal; 30-50% is acceptable, and ideally there should be good profits; 50-75% means that the position is held too long and the end of the cycle is not recognized; if it exceeds 75%, a comprehensive evaluation of the trading strategy is required.
He noted that the pullback can’t really be known until the next cycle begins, but planning is still important.