🆘 DCA IS EFFECTIVE 🆘

When the market enters the adjustment period, the best method is price averaging, abbreviated in English DCA. However, this method is most effective when you DCA in the spot market and when the price goes down, but if you DCA in the futures, just a few long/short sweeps will clear your account, but with spot, The better your chances of getting DCA at a better price.

However, many new investors today do not know how effective DCA is, but often follow some kols instructions, when they reduce their purchases by 5-15%, or buy every day without knowing whether the price goes up or down. Basically, this method is not wrong if you have a stable and idle source of income every month for you to spend DCA, but if you do not have a stable source of income, this method is completely wrong and leads to many problems. When you run out of money, you will find a way to borrow, sell or mortgage something to have money to pour into DCA.

I myself was caught up in the above DCA method because at that time I had a stable source of idle income, but I forgot that when business trends changed, my income source was also affected. According to me, I was in a phase where I found every way to get DCA money like borrowing money. So after the above lesson, I learned from experience and created the DCA 20,30,50 method. You can read that method pinned to the top of my square blog.

Note: This is just a personal opinion, not investment advice. #BinanceVietnamSquare #hotTrends #TrendingTopic