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Re: Looking4BIGcash post# 46240

Sunday, 05/05/2024 1:55:05 PM

Sunday, May 05, 2024 1:55:05 PM

Post# of 46501
And the subtle pump continues.

L4BC stated "...as you watch the share price climb and you are too afraid to add.
Here's a term I hope y'all are familiar with. I used to teach it to my wealth clients over 30 years ago so it's not new. DCA (dollar cost averaging). If you see an equity you like, assign an amount you are comfortable with and buy that dollar amount at the same frequency (every week or month) from now until a defined date in the future... as you wish. This will buy more shares sometimes and sometimes less as it's the dollars that are constant. It takes out the FOMO and emotion and as long as you are disciplined... you will have growing exposure to that equity without trying to time the market
.

Look closely how he speaks about being "too afraid to add as the price climbs" here and then follows up with his brilliant advice about dollar cost averaging (dca) and how it
"removes FOMO and emotion. "

DCA works for someone who is hands off and doesnt actively manage their portfolio - and if the money is invested in an index fund or large cap growth stock, where the trend is usually up.

Charting, DCA and many other tools don't apply or work well with thinly traded, illiquid stocks, penny stocks etc. Yet he selectively places that advice after stating that people will be afraid to add as they see the price climb here.

So essentially, he wants you to be buying, and driving the price up, blindly following his brilliant and caring advice, while he is secretly selling and unloading his position, which has been underwater for 13 years!

Exposed!!

You make the call?