All or Nothing Versus DCA rule bound
This is for the new trader trying to find what works for them. ((Note.)) It does not have to be your idea to work. I struggled with this in my trading early on and it cost me money, stress, and lots of doubt.
I am sure this has been shown in some way or another many times over. If you have never seen this concept before then I hope it helps you win.
Concept : You only have $1,000 to start with. Do you shoot for the moon and go all or nothing or do a dollar cost average plan with a few rules.
All or nothing .... Pick your entry and cross fingers.
As a new trader even a seasoned trader will get Bad Entries when the market does not go according to your plan or your Tech Analysis.
DCA .... Buying on a schedule or a set of rules.
Dollar cost average gives you a chance to make bad entries as the plan or tech analysis falls apart.
This DCA rule bound play is restricted to BTC going down %5 or greater before you can buy a Max of $100 worth at any entry you choose. * for this example i chose the tops of each move up from that down move.
After buying in you have to wait until the next move down %5, I try to not have the purchase on the same level as back to back.
I am sure this has been shown in some way or another many times over. If you have never seen this concept before then I hope it helps you win.
Concept : You only have $1,000 to start with. Do you shoot for the moon and go all or nothing or do a dollar cost average plan with a few rules.
All or nothing .... Pick your entry and cross fingers.
As a new trader even a seasoned trader will get Bad Entries when the market does not go according to your plan or your Tech Analysis.
DCA .... Buying on a schedule or a set of rules.
Dollar cost average gives you a chance to make bad entries as the plan or tech analysis falls apart.
This DCA rule bound play is restricted to BTC going down %5 or greater before you can buy a Max of $100 worth at any entry you choose. * for this example i chose the tops of each move up from that down move.
After buying in you have to wait until the next move down %5, I try to not have the purchase on the same level as back to back.
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