Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odohu
on 23/08/2023, 19:54:36 UTC
Consistent is a word that seems easy to do, but in practice it is sometimes very difficult, especially when we don't have an organized plan. To be honest, I want to be more flexible in this regard, it doesn't mean I'm inconsistent, but in reality I sometimes have to divert the money that I intended to do DCA for more urgent needs.
For the nominal problem, I believe we have different abilities, and in the midst of that difference I still work hard to always make purchases.
Oh yes, we also have to distinguish between working hard to achieve something and forcing ourselves to achieve something. There are times when we have to think about that, because it is not uncommon for people to think they are working hard, when in fact, they are pushing themselves.
Planning is the first stage of anything that is associated with consistency. It is following the plan that is called consistency.   DCA is itself a plan and following your DCA is the consistency. Many people have developed many additions to DCA but I see these as something that can lead to confusion because there are high chances of emotion creeping in when you continue to vary your DCA with so many additions. Ever since I learnt about DCA, I have witnessed a lot of improvement in my approach to building my portfolio. First my emotions are in check, greed level watched and I am no more perturbed by the price since I know that this is a buying season.

I am glad I have transtioned to the state of trading the plan because many people actually make good plans but the implementation is where the problem comes in.