Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Lida93
on 23/08/2024, 23:37:14 UTC
⭐ Merited by Odohu (1)
Everyone has their own strategy when it comes to investing and I certainly appreciate the fact that everyone invests in their own strategy. If we follow others directly in the field of investment then we will never be satisfied with our investment because if one person is successful by investing in different strategy, I may not be successful by investing in the same strategy. As I think that when the market is dumping it will be a good opportunity for us to invest, other investors may not take it well that is their personal matter.
When going into investment in choosing a strategy it's not about how many strategies that exist but about what strategy that have proven to work profitably over-time and the convenience that exist in such investment strategy. And the DCA investment strategy has proven to be profitable and convenience for ang kind of investor both for the deep and shallow bag hodlers.

And you talk about buying just when the market is dumping . No, that's not the best way to use the DCA method, you buy at both dip-ish and non-dip-ish times as you have the funds to buy and accumulate with a long term plan. It's only traders that wait to buy and take profit only when the market dips and we can't categorically designate such characters as DCA strategist investors.