A Friendly Reminder that After 90% Loss, You Would Need 900% Gain to Get Back to Breakeven
Many people here don't seem to get it when they say it dropped 20% yesterday and fully recovered the next day with 20% gain. No, it's not. The market is asymmetric. After a 20% loss, you need 25% gain to get breakeven. It gets exponentially worse after 50% loss. 50% loss needs 100% gain. 70%…
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