In Trade Management, it's not rare that the order making management is ignored as this seems to happen quickly and catch very little attention. This is a huge shortcoming. Management in this step is primarily based on emotional management. Ones need to be as critical and cautious as possible, or they may later found themselves stuck in a price maze, especially in case of DCA approachers.
In fact, for those who deeply understand and have sound experience in DCA, it's a different story. They will never allow this process to be done hurriedly, let alone to be skipped. They want it to last as long as possible. In other words, of the 3 phases namely before, while and after making order, the second one is expected to take most of the time.
DCA is a technique that helps you get the best possible market average price, so you can (partially) manage the price of your coins. It gives you confidence, control of your money and cash flow, profit optimization as well as ultimate risk reduction.
Does DCA, however, solely refer to purchasing at a lower price to get the lowest average price and the best amount of coins, stocks? Or does it have any other usages?
That is how to use basic DCA
