So, in case that the market turns against me - I become an investor until I spot an opportunity to carry out a correctly calculated DCA (I've done it enough times that now I can be fairly certain when will it move in my desired direction and that the movement will be enough to recover and close the deal in green).
I heard that this type of trading is called "
ladder". Since a trader never sells the coins bought on unprofitable orders, he needs to keep a significant amount of deposited stablecoins or fiat money in reserve. Perhaps such a strategy can be used when there is
no news about the purchased asset or the trader does not care of the market analysis at all.
I think the tactic you describe might work for Bitcoin which is likely to rally in the foreseeable future, but it's generally
dangerous not to use a stop-loss order. You'd better research the market and try to predict the direction of price movement.