Hey, xaero. It's nice to see TA posts. I tried to learn some TA techniques. I bought Ether at quite high price. ðŸ˜
You are viewing a single comment's thread from:
Hey, xaero. It's nice to see TA posts. I tried to learn some TA techniques. I bought Ether at quite high price. ðŸ˜
Oh really😯
I wish it would just go up again, I'm tired of waiting! ;)
But, I was lucky enough to buy eth at around $1. Having been selling/buying ever since :) I do think it could go higher again one day though!
You are a truly amazing trader, indeed! I hope to learn some TA every day from you. Maybe one day I will become better in investing. Ether makes me crying every day... hahaah joking... Luckily I'm still a student, couldn't invest in it, luckily.
Hey thanks!😃
'Dollar cost averaging' is often considered the most logical strategy to try to minimise the risks of buying all you position right at the top of the market 😀
Thanks for the suggestion. I start searching for this strategy now. Tomorrow I will read more of it. Do you think it's a good idea to start with virtual account for practice?
The dollar cost averaging strategy is simply a logical thing to do if you wish to avoid trading, therefore there would be not be so much need for a virtual account, right? And also, there's not that much to read up about it because it effectively just means making investments by buying at regular intervals over time, rather than with one lump sum all at once!😀
But it depends if you are interested on investing / trading / or both? 😉
Dollar cost averaging strategy sounds like a good strategy. One question, is the starting point of DCA very important then?
My understanding is that it shouldn't matter! That's the point, you don't need to make any decisions really, or look at any charts .... other than deciding how much you want to invest over what time period ;). The sooner you start, the sooner you build the position.
If the price falls from here, then your later purchases are going to be better value.
If the price rises from here, then your early purchases are going to turn out to have been good value ones.
Disclaimer: this is not trading advice :)