According to TechFlow, on December 18, trader Eugene posted on a 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 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 traders in the world. Here 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 gone too far and sacrificed too much upside.
20-30%: The operation was very good. The investor was able to see the signal of market turning and withdraw in time without much loss.
30-50%: Your performance is OK. It’s not the best, but ideally you should have made a good profit.
50-75%: You linger too long and fail to recognize the critical turning point at the end of the cycle;
75%: There is a serious problem in a certain link, and you need to comprehensively 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 it pays to plan ahead regardless.”
