The news from BlockBeats on December 18th, top trader Eugene Ng Ah Sio wrote that making money in the cryptocurrency market is one thing, and holding onto profits is another. When planning your exit strategy for the cycle, the goal is to minimize the drawdown from the highest point after the cycle transitions. For those who claim to consistently profit in both Bull and Bear markets, I can only wish you good luck because it means you need to become one of the top 0.01% of traders in the world. Here are the indicators I use to measure investment performance - drawdown percentage from the new high net worth point: 0-20%: Your defensive performance is perfect, but you may sacrifice too much pump space; 20-30%: Good operation, able to exit in a timely manner when seeing market reversal signals without significant losses; 30-50%: Performance is still acceptable, although not the best, ideally you should have obtained decent profits; 50-75%: You held on for too long and failed to identify the key turning point when the cycle ended; 75%: A serious mistake occurred somewhere, and you need to fully evaluate whether to proceed with the transaction. Interestingly, you will never truly know the real drawdown until the next cycle begins, but the plan is still worthwhile regardless.
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Nhà giao dịch hàng đầu Eugene: Khi chuyển chu kỳ, nên kiểm soát rút lui lợi nhuận và vẫn đáng trả trước lên kế hoạch
The news from BlockBeats on December 18th, top trader Eugene Ng Ah Sio wrote that making money in the cryptocurrency market is one thing, and holding onto profits is another. When planning your exit strategy for the cycle, the goal is to minimize the drawdown from the highest point after the cycle transitions. For those who claim to consistently profit in both Bull and Bear markets, I can only wish you good luck because it means you need to become one of the top 0.01% of traders in the world. Here are the indicators I use to measure investment performance - drawdown percentage from the new high net worth point: 0-20%: Your defensive performance is perfect, but you may sacrifice too much pump space; 20-30%: Good operation, able to exit in a timely manner when seeing market reversal signals without significant losses; 30-50%: Performance is still acceptable, although not the best, ideally you should have obtained decent profits; 50-75%: You held on for too long and failed to identify the key turning point when the cycle ended; 75%: A serious mistake occurred somewhere, and you need to fully evaluate whether to proceed with the transaction. Interestingly, you will never truly know the real drawdown until the next cycle begins, but the plan is still worthwhile regardless.