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<p>[QUOTE=&quot;medoraman, post: 1155333, member: 26302&quot;]And what does? Are you saying you know when the perfect time to sell a security is? I would love to know that. Since it is unknowable, I assumed it would not be acted upon. Future prices are by definition unknowable, because if they were known the market would act and make those prices the current prices. Knowing this, you have to just worry about how you buy into a market, knowing at some certain point you will have to sell based upon personal circumstances. Given this, DCA I believe is good advice for most investors since it will overcome some bad habits they historically have. DCA is NOT a decision mechanism to pick stocks or decide when to sell. It is ONLY a mechanism to try to get a position on a security at an advantageous price ONCE those decisions have been made. I have been halfway into a security using DCA and sold them all because I changed my mind on owning it. DCA has nothing to do with that decision.</p><p><br /></p><p>Cloud painted some pretty specific market circumstances. How about a normal one? Most items go up and down every month, with the long term going up. DCA will enable a person to buy more shares on the lows and fewer on the highs. Cloud admits that the technique will do this. Therefor, for most normal markets DCA is preferable to any other purchase method.</p><p><br /></p><p>Of course, by all means if someone KNOWS todays price is low and will go up, buy all you can. If someone KNOWS that the item will go down sell today. Nothing either of you said applies if a person does not KNOW these things, which to me is the nature of investment. If I knew for certain any investment idea I sure wouldn&#039;t be working, I sure would not be telling anyone about it, and I probably wouldn&#039;t bother posting here trying to help small investors. I would buy me an island somewhere, (or a few thousand acres of land), and be having a **** of a time with all of the nice coins I just bought.[/QUOTE]</p><p><br /></p>

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