Post
Topic
Board Economics
Re: How DCA Could Have Prevented Your from Losing More
by
ChiBitCTy
on 25/05/2022, 15:28:21 UTC
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/

I don't think this is necessarily the case.  Most of my clients dollar cost average by default, as with retirement plans you've normally got money coming in to your plan from your work paycheck every two weeks, so by nature they are dollar cost averaging and not even knowing it.  Now if we are talking about outside of your normal retirement plan investing, then I would probably agree with you.  But I think most of those times are simply people placing trades when they have the money to do so versus trying to time things.