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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% loss needs 233% gain.
90% loss needs 900% gain.
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Loss after 90%, it’s getting catastrophically worse.
Add 9% more loss to 90%, you would need 9,800% gain to get breakeven!
People are going to downvote this because they have so much at stake, but it won’t change the fact that the market is asymmetrical.
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