An 80% drawdown would be lower than 40. Closer to 25k.

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Not happening. Imo, i could see a flash dip to 40 in a complete bizarre moment. It’ll be a V moment. Get ready if so

Like the March 2020 dip. We couldn't react fast enough. This time around, I have no cash.

The period leading up to March 2020 does compare well to this period in a lot of ways.