CoinVoice recently learned that trader Eugene posted on the social platform, "Making money in the crypto market is one thing, and keeping profits is another. When you plan an exit strategy for this cycle, be committed to minimizing the retracement from the historical highs after the market turns. For those who say that they can continue to make profits in both bull and bear markets, I can only wish you good luck - because it means you have to be one of the top 0.01% of top traders in the world. The following is my indicator for measuring investment performance - the percentage of retracement from the new high of net worth:
0-20%: Your defense is perfect, but you may have sacrificed too much upside; 20-30%: You are doing well. You can see the signal of market turning and withdraw in time without too much loss; 30-50%: Your performance is OK. Although not the best, ideally you should have made a good profit; 50-75%: You stay too long and fail to identify the key turning point at the end of the cycle; 75%: There is a serious problem in a link, and you need to fully evaluate whether you are suitable to continue trading.
The interesting thing is that you never know the true extent of the retracement until the next cycle begins. But in any case, it is worth planning ahead. ” [Original link]