OK investors. The doctor is speaking. Here's how to survive market declines and bear markets.
You will need some stacks, that is money, or maybe some savings and a job, and a lot of conviction in your own choices in the market.
It's not fool proof or easy, and will require adjusting to suit your needs, but the principle is there:
Put 1$ in today. If the price goes down, put in 2$ the next day. If the price still goes down, put in 3$ the day after that. Still down, put 4$ following that and so on.
If the price goes up, sell for 1$. If the price keeps going up, sell for 2$ more. Still up, sell for 3$.
You'll start to notice how you keep raking in dollars but the amount of assets also kinda goes up.
A daily red or a daily green opposite to the trend reset the counter. Always start from 1-2-3-4.
Use whatever starting money you want, use whatever timeframe you want. Just keep the increments rolling, take small profits, and be prepared to do this until you sell off all your bags at what you think is the height of the ensuing uptrend.
If you quit along the way during downtrend, you're not screwed but can only start raking in dollars when the uptrend reaches your last DCA Entry. That's why we DCA All the way to the bottom with increasing investments. It requires conviction and trust in the turn, I know. But if you put in all your stacks at once at $100k, You'd be even more in the red when the price reaches your maximum pain at $25k.
Eventually you will either be in the profits or in the dumpster, but at least you learn a valuable lesson in listening to people telling you what to do.
TLDR: Do whatever the heck you wanna do, but follow the principle of DCA and make wise choices with your timing, and you won't have to live in regret of unrealized profits, or aping in at the very top and holding onto unrealized losses for 4 years.
Whatever you do, NEVER listen to strange people online telling you how to handle YOUR money. That includes me and this post.
#NFA