I probably shouldn't have used the term DCA. What I meant was investing a bit of my salary into SPY every month. It would be DCA but not as an alternative to investing a lump sum.
Very obvious bearish pinbar on weekly charts. Don't overcomplicate it. The top is in. Bitcoin probably dumps hard or manages to sustain sideways till end of august, altcoins have a run, followed by the apocalyptic implosion.
Trump Media and Technology Group said Monday it has accumulated roughly $2 billion in bitcoin and related assets, as President Donald Trump’s highly lucrative pivot to cryptocurrency continues to grow his net worth while in office. The bitcoin holdings now account for about two-thirds of Trump Media’s total liquid assets, the company said in a press release. Trump Media shares popped as high as 9% when markets opened Monday. They were up around 4% at 2 p.m. ET. Trump’s stake in the company - which trades on the Nasdaq under his initials, DJT - is worth nearly $2.3 billion. The announcement offered the latest marker of how Trump and his family have embraced digital currency to such a degree that cryptocurrency now accounts for most of the president’s wealth on paper, according to a Forbes analysis from June
This is an interesting article. I somewhat agree that it under performs in most market conditions, and I also agree that its a psychological crutch, and not a strategy. But I would argue that trading is all psychology. So if it helps to overcome some issues, I'd say its very useful. I would also say that most people who likely swing trade vs. day trade do much better overall. And best are people who just invest, which is a form of DCA. Perhaps investing can't be compared to trading, but if most people who trade lose money, regardless of their strategy, and most who DCA, for the purposes of investing, end up almost always profitable, then its hard to argue with the end result. Along with this, I've seen it written many times that people who trade less often, trade with hourly vs. minute charts, make more profit overall and spend much less time in front of the computer. So once again, its difficult to argue with results, meaning what the final PnL is, from doing whatever you are doing.