#Update :Calculate the Amount of Gain Needed to Recover Losses in the Crypto Trading
Mathematical Aspect:
Suppose you invested $1000 in crypto:
If down 10% then you need 11.11% to recover.
If down 20% then you need 25% to recover.
If down 30% then you need 42.86% to recover.
If down 40% then you need 66.66% to recover.
If down 50% then you need 100% to recover.
If down 60% then you need 150% to recover.
If down 70% then you need 233.33% to recover.
If down 80% then you need 500% to recover.
If down 90% then you need 1000% to recover.
Psychological Aspect:
✅Controlling the loss is another art of trading where the investors can protect themselves from facing massive losses.
✅Huge losses incurred might disrupt the decision-making skill and stop trading for a few days until the confidence is regained.
✅There should be the right focus to approach the right opportunities, and there should not be any regrets of any loss during trading.
✅Trade wisely. Do DCA, Don't put all eggs in one basket.
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