True!
Each trader has his/her own strategy according to their goals and risk appetite. So, it's always better to formulate your own strategy rather than copying someone else's strategy.
Generally, when there is a correction of 20% or more from the 52-week high, we tend to refer to this as a bear market.
Similarly, when the markets rise 20% or more from the correction, it is said to be a bull market.
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