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Dollar cost average plan

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by COINS NEWS 116 Views

Hey all, looking for some advice on my current crypto investing plan. I’ve based this on a variety of factors and am really just seeking confirmation that I’ve got this dollar cost averaging thing down.

So I believe there are three ways the current market is going to go due to the current economy and several different technical indicators. All of my expensive investing tools and advisors point to the market either going down, up, or staying flat.

Therefore, I’ve decided that I will continue to invest an identical amount on the first of every month. No matter what happens, I will continue to make this investment like clockwork.

Am I doing this right? Is this the best course of action? I have also seen the advice of buy high and sell low on this sub quite frequently, which doesn’t seem to make sense to me, but I know you are all very smart people so maybe I’m just not fully grasping that strategy?

Thanks in advance for any help, I appreciate all of you!

submitted by /u/lgy13
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