Quote from: Wapfika on May 21, 2022, 04:15:53 AM

Quote from: mk4 on May 21, 2022, 03:43:56 AM

Unfortunately while DCA being one of the most effective strategies for non market pros, it's probably the most boring method hence why most people don't want to do it. People get really addicted to the adrenaline rush of getting in and out of positions, not knowing that most of them are just basically gambling because they're doing things blindly.

https://dcabtc.com/

This is true and DCA is only working in theory without consideration of the psychological effect of FOMO on the human mind. I'm guilty on this DCA shit or whatever and I always wrecking my plan whenever there's strong price movement in the market. For example is when I saw a red candle in a short time frame while monitoring my holdings, I can't stop buying more even though it's not yet on my schedule and it continues until I spend all my money buying even if the price is not yet stopping to dip ergo I always stuck without buying power for the lower price level.

That is what makes those strategies so hard to implement, the psychological aspect is often overlooked when people are learning how to trade, however it is a critical aspect, if you cannot master your emotions then you are bound to not follow the strategy that you have set for yourself and make costly mistakes from which it is really difficult to recover, also DCA is a strategy that does not react to the markets and instead makes you to invest in them at fixed intervals, which runs contrary to what most people are used to do in the markets.