If you have a 30% gain on $1000, and then you have a loss of 30%, you are not even. You lost money and are down (9)%.
This is why I think DCA was instigated and pushed here by the big players in the market. It is essentially just the concept of a 401k. I thought the point of this retail wave was so we break through that ancient misconception as being they only way for the general masses to participate and even be able to work against their manipulation to manage our own money in the market.
Imo, 95% of what I see on reddit is just more of the same mentality infesting itself here. Manipulation and the most basic forms of info intertwined with pumping/dumping or misinformation.
To be clear, most of you probably should just DCA into safe funds tho or get out.
Leave a Reply