word. it's only preached because it "works" but that's purely assessed in hindsight most of the time and totally excludes human factor. Flawed methodology that, with the lack of risk management added, takes one time to wipe out a huge chunk of your capital.
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This is a really good point. Not to mention that someone who is DCAing to enter a trade likely wouldn't have the clarity to take the loss and exit the whole position even if they had a clear invalidation. What, are they going to DCA out of their position? Possible, not likely
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You're looking at it from a trading perspective, not from an investor's mindset Putting a portion of one's money per month into a stock has been happening for decades with a long term mindset. If you're bullish on an asset with a 10+ year outlook, it makes sense to non traders
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Yeah, purely looking at it from a traders perspective. I don't have a 10+ year outlook on BTC.
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When will CT understand that DCA only works for the entire stock market indexes...not a goddamn casino like cryptp
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Oh y a, DCa is Scott melkers famous strategy. He blocked me though partially because I called him out and criticized his TA.
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Trader
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DCA for retail is the only things they can do on a timeframe 1-2-3 years for earning a little bit on Bitcoin since 2017. I think almost 90 or 95% lose money in 2018, so yes definitely for those are still here DCA for a long time is the only way. Of course not the trader one.
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