Bloomberg’s strategist says the “60,000” bottom is fake. I didn’t panic after reading—then I opened my DCA (dollar-cost averaging) records. Last Wednesday I still debited $200 as usual, buying at around 88,000. My finger hesitated for a second.
The hesitation was pretty specific: those days, “bull market confirmation” and “the risk of taking profits at 90,000” were both trending at the same time. Looking back, when have those two statements ever not existed together?
The most anti-human thing about DCA is that, at the moment you execute it, you have to give up judgment. My principal is still being accumulated—I’m nowhere near the stage where I can go all-in. So the only variable I can control is whether to buy this week. Once that variable is locked in, the rest of the noise really is just noise.
The hesitation was pretty specific: those days, “bull market confirmation” and “the risk of taking profits at 90,000” were both trending at the same time. Looking back, when have those two statements ever not existed together?
The most anti-human thing about DCA is that, at the moment you execute it, you have to give up judgment. My principal is still being accumulated—I’m nowhere near the stage where I can go all-in. So the only variable I can control is whether to buy this week. Once that variable is locked in, the rest of the noise really is just noise.
