Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
rachael9385
on 02/08/2024, 20:58:39 UTC
⭐ Merited by Sim_card (1)
I`v Very recently decided to take the "lazy" path, up until now I`v been strategic DCAing, waiting for dips and buying, and it was fun for a couple of years, but now I`v just set up a regular Buy-order twice a month so I can pretty much just ignore it from now on, and only buy extra during dips if I feel like it.
I`m in it for a good 10 years from now anyway, so may as well just set-and-forget really, the thought of watching charts for the next 10 years really doesn`t appeal to me.
The really neat part was that I had an auto-buy last night and it was during the dip! I`d have had to stay awake all night to have caught it.
Well, if you have started your investment then it's good to hear that, but from my perspectives I don't support the ideas of you buying only during DIP as it's not a 100% good idea to buy only during the dip.
And also, you don't need any chart thing as you are not going for trading anyway, traders are the people that needs to read/study the charts before buying, but since you are in for long term investment it would be a good idea to just buy as a you are aware of the DCA strategy.