The sooner you realize that you're not very smart and your luck is average, the easier it is to make a profit.
Left-side trading relies on your intelligence, and right-side trading relies on your luck (I'm just making this up). Ultimately, both are driven by human nature. Dollar-cost averaging, on the other hand, follows the market and the asset itself, and is not affected by your human will. It eliminates timing risk at a potentially higher cost. Since many people say that investing is fighting against human nature, why not completely abandon the human element?
On the path of dollar-cost averaging (DCA) $hype, I often get asked whether I should sell after such a significant rise (in the last round), or whether I should continue DCA when the price is about to unlock (in this round), and so on. In reality, if you've ever DCA-invested in BTC or other high-performing assets, you'll understand that consistently exhibiting strong trends is a characteristic of high-quality assets. This indicates strong market consensus and often results in unidirectional price movements.
Selling at this point might be right or wrong. Regardless of whether it's good or bad in the short term, your trading will become increasingly susceptible to human nature. Even the slightest disturbance will become a reason for you to adjust your investment parameters, eventually evolving into completely artificial high-frequency trading or chasing highs and lows. Both of these "human trading strategies" are contrary to the huge trend of quality assets, and in the end, the profits and losses are limited.
Going against human nature doesn't mean there's no gambling element. On the contrary, dollar-cost averaging is a relentless gamble of long. A huge trend may be upward or downward. The final result includes the joy of victory and the bitterness of defeat. That's why I only dollar-cost average in hyperpenetration. I can also understand everyone who chooses to take profits or cut losses. Choosing mediocrity is human nature, at least you can keep the freedom to decide how much you lose in your own hands.
