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Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
Nope if you drop 50% you ned 100% to get back to break even.
Right, but that's the problem with using %. If I lose $10 and make back $10, I'm also even.
Downhill runs are faster than uphill.
You'll lose $10 in 10 days, but will take 30 days to recoup the loss.
Or put another way, 3 years to make back the 1 year loss.
What a stupid remark.
If you start with $100, and lose $10, you have $90 left.
So you need to make 11.11% profit on your $90 to get back to $100.
If you start with $100, and lose $75, you have $25 left. That's the last big drop we saw.
You need to make 300% profit on your $25 to get back to $100.
True. But to keep things in perspective we use percentage as a measure. That way we don't have to disclose the dollar value of an investment.
We just have to keep in mind that a 50% loss requires a 100% gain.
If we have a 75% gain then lose 50% we are underwater.
Baron
ET Founder
No. But I would like to add some more soon. Lately I have been buried with some projects at my house. Two weeks ago I had three oak trees and 140 bamboo trees removed from one side of my property, and this week I've got a crew cutting down well over 500 bamboos on the other side. It's a total clusterfuck at the moment.
