Quote from: Dr.Bitcoin_Strange on August 20, 2023, 11:07:16 AM

Quote from: molsewid on August 18, 2023, 08:18:30 PM

they are still losing because they even don't know how to put stop loss or some DCA or maybe they are buying shitcoin because they saw it to other.

If DCA (dollar cost averaging) is a trading strategy, I am not aware of it. DCA is a strategy that is mostly used by some investors while accumulating Bitcoin in their portfolio. For "stop loss and take profit," some trading platforms already have it as a feature in their platform, while for some of those platforms that don't have it, it's left for the trader to come up with their own strategy on how to handle their stop loss and take profit because it's simple. If you are an experienced trader, then you will have a certain profit you want to archive, but sometimes the market trend never gets to your predicted level before it begins to go against your prediction; in that case, you can just opt out (stop loss) and take the little profit you got.

Dollar cost averaging is a method of investment that is being used by investors and it is not a new thing. It has been in the investment industry for long even before the discovery of cryptocurrency. Many wealthy investors have advised that the best means to accumulate wealth is by dollar cost averaging.

However, day traders also use the same idea of dollar cost averaging when entering into a particular trade, even if they may enter all within some minutes. They will enter with some percentage of their portfolio then go with another percentage and continue until they meet the hundred percent they want to trade. And when selling too, many of them sell based on the same process because of the volatility of the market.