The point of dollar-cost averaging is to buy an asset daily/weekly/bi-weekly/monthly regardless of price. Basically a "strategy" that acknowledges that you can't time the markets so you're just going to average in instead. Starting to DCA only at a certain price sort of somewhat defeats the purpose.
I'm not saying that you shouldn't do it or that what you said is a bad strategy; but yea.
I'm not saying that you shouldn't do it or that what you said is a bad strategy; but yea.
What you seem to do is some sort of hunt for buying the dip.
DCA means a clear plan and investing every x days no matter of price evolution.
Imho you should read a little more to understand DCA..
https://en.wikipedia.org/wiki/Dollar_cost_averaging
https://www.investopedia.com/terms/d/dollarcostaveraging.asp
DCA means a clear plan and investing every x days no matter of price evolution.
Imho you should read a little more to understand DCA..
https://en.wikipedia.org/wiki/Dollar_cost_averaging
https://www.investopedia.com/terms/d/dollarcostaveraging.asp
Oh okay, im not exactly follow the theory on the book or in wikipedia
Im DCA=ing the dip, because just like the meme you never know where the bottom of the dip.Offcourse you feel free to DCA as in wikipedia or theory on the book, if you feel that you should do that