[edited out]
What I have noticed with new investors is that a lot of them do not actually have a problem with strategy, their real problem is discipline. You can tell someone to DCA, but if they don’t stick to whatever plan they chose, it will all falls apart…
That is why I think DCAing works so well, not because it is the perfect entry method, but because it forces you into a habit.. You do not need to think too much, you just buy on schedule… And once you build that habit, the side effect is you are less emotional about price moves.. Whether it goes up, down, or sideways, you are still adding more orders and accumulating.. In the long run, that mindset will pay off way more than trying to be the hero who always buys the bottom…
The buying the dip hero is an imaginary one that is fantasized in the heads of people who try to act like they are smart and/or smarter than the guy who just buys blindly in a regular, consistent, persistent, ongoing and perhaps even aggressive way.
obviously JJG's profit strategy is not working, just look how he is trying to get others to FOMO buy the high blindly, just for him to have oportunity to profit more
where as i can sell at any price now and profit because i have always bought the dips and held during the highs, which has meant my costs are lower, so when the price is high, its always in profit regions
you should always avoid buying on the day of a new high. and instead buy the dip and be more aggressive with your buys the lower the dip gets
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many trad-fi naive traders usually get scared when they see a stock/share price dip. usually when they see a dip they are fooled into wanting to sell their holdings to avoid losses.. but thats dumb.. in bitcoin the best advise is to sell the high, buy the low..
..but JJG wants naive traders to blindly buy the high and be aggressive about it(facepalm)
JJG has a bad strategy. hense why he needs others to be silly to bail out his position and end up passing the crap onto others(facepalm)
always try to buy-low-sell-high. never buy the peak. be more aggressive during the bigger dips