Quote from: Coin-1 on Today at 10:18:20 PM

Quote from: JustTryin on January 15, 2022, 10:47:38 PM

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 in order to choose the right entry point.

Right entry point is something the most hardest thing you could search off on this market since you wouldnt able to know if the current price would be already the bottom and tend to make out some
recovery or would really be just be the start of a long term possible decrease or decline in the market which no one could ever tell on the first place.

The good thing about DCA is that whenever you do buy into those low key points even though you do have floating losses but having that DCA method then when the time comes that
the market do make out some u turn then this is where you do see on why DCA is good into these kind of times.

Not all though would have the knowledge or capability in doing so but it isnt really actually a bad choice to make.