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A comment on Hedge fund Melvin sustains 53% loss after Reddit onslaught. Parent comment

Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by weeboid on Monday February 01, 2021 @08:36AM (#25988526)
Doesn’t this 50% loss apply to the cum sum of gains though?

That is, if I started with $1 and made $1,000, a 50% loss would still be $500

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Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught by runako on Monday February 01, 2021 @05:24PM (#25994920)
Yes you have more money than you started with, but you will still be down compared with an index that did not have a 50% drawdown at any point.

- Unless you were late to the party. If you didn't get in the fund until (say) November, you have lost money.

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