The highest art of trading is only one thing — bowing out gracefully.

Knowing when to exit is crucial.
In short- to medium-term trading, if you are always fully invested, whether you profit first and then lose, or vice versa, you are likely to end up overall losing. On the other hand, taking profits promptly after making money can lock in gains.
In the long term, people have learned to position themselves early during several bull markets and to sell during the peak. However, this round of harvesting is mainly done by experienced old-timers. If you reduced your holdings in 2025, you would still generally make a profit. But if you increased your holdings in 2025, you might wipe out the profits from previous rounds or even lose more.
The most correct thing Brother Feng did in 2025 was, and only was, continuously withdrawing funds. Otherwise, the money earned from writing articles would have been lost in the secondary market… Withdrawing locks in profits and also sells at a high exchange rate.
The only regret now is that I withdrew too little, and in the end, I still lost a big chunk in the secondary market. Sigh.