TechFlow news — On December 18, trader Eugene posted on a social platform stating, "Making money in the crypto market is one thing; preserving profits is another. When planning your exit strategy for this cycle, aim to minimize drawdowns from historical highs once the market turns. To those who claim they can consistently profit in both bull and bear markets, I wish you good luck — because that means you'd have to be among the top 0.01% of traders globally. Below are the metrics I use to evaluate investment performance — percentage drawdown from peak net value:
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0–20%: Your defense is flawless, though possibly overdone at the cost of sacrificing significant upside;
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20–30%: Well executed. You recognized signs of a market reversal and exited in time with minimal losses;
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30–50%: Acceptable performance. Not ideal, but under normal circumstances you should still have locked in decent profits;
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50–75%: You stayed too long, failing to identify critical turning points when the cycle ended;
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75%+: Something went seriously wrong. You need a full assessment of whether trading is right for you.
Interestingly, you never truly know the actual drawdown until the next cycle begins. But regardless, planning ahead is always worthwhile."
