4 ms·
Yes. This is so often forgotten when talking about stock prices (which those 2x or 3x daily derivatives are so dangerous). For those confused: the math here is
by planteen 9y ago
Yes. This is so often forgotten when talking about stock prices (which those 2x or 3x daily derivatives are so dangerous).
For those confused: the math here is a 30% decrease puts you at 70%. To go from 70% back to 100%, 30% only gets you to 91% (0.70*1.3). 1/0.7 = 1.43 means you need 43% to recover.