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.