Dollar Cost Averaging of Stocks with Good Fundamentals
"Buy the rip" is a new terminology to me, I gather it's like dollar-cost-averaging on the way down, I feel this works for medium to long term investors. For normal humans, buying when stocks are cheap due to declining market comes hand-in-hand with some anxiety/fear. Dollar cost averaging (ie. planning from the beginning to buy in a few tranches on the way down), this method of buying takes away some of this fear, that prevents some people from investing anything at all at/near the bottom, which on hindsight when the market recovers, as it always does, would have been a sheer waste of opportunity. To be more conservative, start to buy only when RSI very low/retraced alot of the Fibonacci Golden sections/ whatever other appropriate technicals you like to use; there are so many on MooMoo's Indicator Management.
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whqqq : Now I know why we need to use DCA, thank you. With this method, I can "be greedy when others are afraid."