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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.