According to BlockBeats, on December 18, top trader Eugene Ng Ah Sio stated that making money in the crypto market and preserving profits are two different things. When planning an exit strategy for a cycle, the goal is to reduce drawdown from the peak.
He shared indicators for measuring investment performance: a 0-20% drawdown indicates perfect defense but may sacrifice upside potential; a 20-30% drawdown indicates good operations with timely exits; a 30-50% drawdown is acceptable, ideally with decent profits; a 50-75% drawdown indicates positions held too long without recognizing the end of the cycle; and over 75% requires a comprehensive reassessment of trading strategy.
He pointed out that before the next cycle begins, it is impossible to truly know the drawdown, but planning is still important.