Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Obim34
on 17/01/2024, 22:44:08 UTC
If you took profit once, or it is not a regular thing, then it is okay to take profit. Do not just make it a regular thing because that is where it will affect the profit you are supposed to make from DCaing which should be the increase of your portfolio. Also if you are to make a withdrawal from what you have been DCAing, try so that it is not a very big amount that affects or takes out amount of money equal to what you will DCA for like three weeks. What I mean is, if you must withdraw, there should be a limit to what you plan to withdraw from what you are DCAing.
We having been discussing about the DCAing accumulation process for some time now but haven't put into consideration on how to take profits.
I might be wrong and will gladly ascept any correction but I think their should be a time to invest and a time to begin taking profits, one step needs to be attained first before taking the other.
It is best to live the investment from your DCAing to mature after completing the budget reaching a significant price during the bull run it can also be from personal decision and the way we view the market.