1. Because I don't know your purchase channel and method, I can't know what your application fee ratio is.

Regardless of the subscription fee, your loss is:

( 1.55- 1.2)/ 1.55=22.58%;

The answer to your first question is: without considering the subscription fee, the loss is 22.58%;

2. The second answer is:

Does not necessarily reduce losses;

In the first case, if the net value of the fund shows an upward trend after covering the position, it will be faster without loss or even profit after covering the position;

In the second case, if the net value of the fund shows a downward trend after covering the position, the total loss will only increase after covering the position; Only payout ratio temporarily reduced;

For example, after purchasing 10,000 yuan:

The net value of the fund shows a downward trend, such as 10%, and the total loss is as high as 27.5%;