Dollar cost averaging is for people who can't see when the prices are high or low, so blindly invest regardless what the price is.
Why not save and invest at prudent moments? Like now instead of 2 days ago. 2 days ago it looked far more dangerous than it doesn now.
It still could go down from here, but it is less likely.
I bought in between $200-300 and haven't bought since.
Great advice - don't try to spread the risk. Just go on instinct. And, if possible, buy at $200.
Easy to be a wise man with hinsight.
To be fair, it was not hindsight, it was foresight.
It was you being lucky and bragging about it.
And then offering bad advice.
Just buy the dip every time (or the crash if you get that opportunity).
If you can call the tops - and the bottoms - then you are a better man than 99.9% on here.
For the rest of mankind cost averaging doesn't seem like a bad strategy to me.
agreed, been auto weekly buying for past 3 years. Have done very well. Could have done even better
if i had stuck to my guns and not sold at what i thought was incoming crash that turned into a pump and vice versa.
aka... i suck at trading. i just buy and hodle .
