Use DCA to invest gradually over time to mitigate risk, or to make up for a loss making position. Buying extra on a loss making position will lower the average buying price.
- BeginnerMitigate risk
- ProsCombat volatility
- EasyIn the cloud
By investing over time, you will average your buying price and will notice less from market movements, as long as the price will go up over time. This makes DCA very suitable for risk averse beginner traders.
Nobody is perfect, and especially with the extreme volatility of the crypto market, sudden events are hard to predict. You need a plan for this, and a stop loss has often proven to be the wrong ...
Instead of selling with a stop-loss, you can buy extra with DCA. This lowers overall loss, since your average buy price will go down. A popular technique with investors.
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Automatically use DCA on loss making positions, or simply select a position and apply a DCA order to it. Your Hopper will do the rest.