Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 08/10/2023, 11:59:39 UTC
In trading, one could have $1000 and decide to divide it into 10 equal parts ($100 each) instead of risking the whole money at once, which is a very good idea to me. I do this often and it's a great idea to be more conservative, calculative, planning and consistent in my trading approach as the market is dynamic, no one knows the trade and the portion that will be most profitable, which is why this idea is wise. Except that DCA is more popular in Investment/HODLing.
Well just like you said is totally depend on individual mindset knowing what may work for them and what may not work for them, if diversifying your $1000 to different strategy that would help you in other not lose out completely if the market tends to work otherwise is good for you that's fine, but however the risk is likely to become much because the chances of getting it right all the time in trading may not be certain were as if anything happens on the trading capital it also affect your back up plans which is accumulating using DCA strategy and also affecting your psychology by losing interest on accumulating Bitcoin, But for me since I'm not good in trading and avoiding mental stress of what trading could course on me so DCA is well suitable for me and also it will enables me to accumulate as little as I can afford on a weekly basis.