Chris Larsen argues blind dollar-cost-averaging wastes money on bad fills and slippage. Instead, schedule your total allocation but buy only when market data shows exhaustion after big red candles and volume spikes, which his software does automatically for customers.
Dollar cost averaging but one step further. So dollar cost averaging is I want to buy $500 worth of point every Tuesday at 9am Right not using market data to determine whether Tuesday at 9am is a good day to buy. A better way to do our cost average is to schedule out how much money is going to go into any triggered event and then have something monitoring the exhaustion of big red candles and you define what the length of a candle is and it' with volume and as the volume starts to shift outside of that selling candle for example that's when you want your trigger event to take place. Why? Because the market's rich on the other side of the trade you're going to get filled with better fill. You're going to get instant no slippage trades on bigger volume than you could otherwise and all of your DCA points are going to be at the bottom red candles. And that's what our software does for customers exceptionally well.
