w_s_bitcoin on Nostr: An initial 5% loss will reduce a balance more than a subsequent 5% gain so there's an ...

An initial 5% loss will reduce a balance more than a subsequent 5% gain so there's an inherent bias towards losing money when trading.

$10,000 * 0.95 = $9,500
$9,500 * 1.05 = $9,975