What is DCA? 🤔How do you execute it? Not familiar with? 💭Well, keep reading!📚

Most of us have gone through the word DCA in many trading channels or if you explore crypto trading strategies. But not many of us knew the term DCA, well if you fall on the same side, dive in to know about it.

DCA stands for Dollar Cost Averaging. Now what is Dollar Cost Averaging ? Ever scratched your heads on this? Well, you will master it today. Just hold still! Go through the below scenario,

Suppose you had 100$ and you wanted to buy $SOL @75$. Go all in and buy at its current peak rate at once! Just joking, you should never do that. 😉

What you should do is, you should divide your investment according to its size. Let’s say you are an huge investor, so you can divide your investment in 10 parts or 20 parts and invest it accordingly as the rate goes lower and lower.

According to our scenario, if you had 100$ you can divide your investment in 5 parts(or much) and invest in SOL when it is 75,74,73,72 etc… The lesser the merrier, because you are doing DCA. 🔥

Never go all in, in a single trade, because you never know what’s the big surprise ahead. This crypto verse is full of shocks and surprises. So y’all should be prepared, no matter what!💰

I bet now you’ve mastered up the DCA! Use this strategy in your trading and you’ll do better!🚀

Follow us for more useful content,

crypto_incredible (T)

Cheers! 🍻