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HOW TO AVERAGE PRICE TO PROFIT
The market is still in an unpredictable phase, jerking up and down strongly like the indicators of greed and fear in the past. I wrote the following article to strengthen my confidence and for investors who are at the peak and still have idle capital but do not dare to buy more DCA average price for fear of further decline.
I have shared the story of my DCA averaging the price of a few coin projects when they were divided by 5, divided by 10 and had good results. Specifically, I also invested by seeing which coin decreased for many consecutive days, there were days when it decreased by 30% and created an all-time low, I decided to buy at the bottom with all my capital, a few hours later that coin recovered by 10 to 20% but I did not close because in my mind I always thought of holding for the long term and when it was X2 then I closed the original, the mistake started investing here. The next day, when yesterday's candle closed back at the price I bought, the coin continued to decrease by another 15%. I transferred my idle money to buy USDT to continue buying and the investment method was like that. When it decreased by 10 to 30%, I bought again and when I ran out of money, my coin started to divide by 3, then by 5 and a few months later when I came back, it divided by 10. I lost a lot of confidence in myself during this period.
I have shared the story of my DCA averaging the price of a few coin projects when they were divided by 5, divided by 10 and had good results. Specifically, I also invested by seeing which coin decreased for many consecutive days, there were days when it decreased by 30% and created an all-time low, I decided to buy at the bottom with all my capital, a few hours later that coin recovered by 10 to 20% but I did not close because in my mind I always thought of holding for the long term and when it was X2 then I closed the original, the mistake started investing here. The next day, when yesterday's candle closed back at the price I bought, the coin continued to decrease by another 15%. I transferred my idle money to buy USDT to continue buying and the investment method was like that. When it decreased by 10 to 30%, I bought again and when I ran out of money, my coin started to divide by 3, then by 5 and a few months later when I came back, it divided by 10. I lost a lot of confidence in myself during this period.
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