Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
DCA for idiots...(meaning me)
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 1369916, member: 26302"]Modifed DCA can be fine too, if you believe you have superior knowledge. Say you see it $27 and believe that is a steal long term. You can put even MORE in at that time. Problem is psychological, most small investors get excited and want to buy more when its high, and forget about it and don't buy at all when its low. That is the psychology aspect of it, it FORCES you to buy more when its low and people are peeved off, and it limits them when its going up and they get excited. Seeing small investors over the years I believe this is the greatest advantage of the strategy. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Like I said though, if you believe you have superior knowledge, feel free to act on it. I would simply say try to keep these tendencies in mind and make sure you aren't fooling yourself. I buy stocks when the market is low. Many times it makes me sick to my stomahc to buy when they have tanked, but I remmeber this fact, and now if I feel sick about an investment, I know its probably a good sign long term.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1369916, member: 26302"]Modifed DCA can be fine too, if you believe you have superior knowledge. Say you see it $27 and believe that is a steal long term. You can put even MORE in at that time. Problem is psychological, most small investors get excited and want to buy more when its high, and forget about it and don't buy at all when its low. That is the psychology aspect of it, it FORCES you to buy more when its low and people are peeved off, and it limits them when its going up and they get excited. Seeing small investors over the years I believe this is the greatest advantage of the strategy. :) Like I said though, if you believe you have superior knowledge, feel free to act on it. I would simply say try to keep these tendencies in mind and make sure you aren't fooling yourself. I buy stocks when the market is low. Many times it makes me sick to my stomahc to buy when they have tanked, but I remmeber this fact, and now if I feel sick about an investment, I know its probably a good sign long term.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
DCA for idiots...(meaning me)
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...