{"product_id":"the-dca-myth-the-trap-of-buy-only-investing-9798252096544","title":"The DCA Myth: The Trap of Buy-Only Investing","description":"\u003cp\u003e • Author(s): Ruixue Lei\u003cbr\u003e • Publisher: Independently Published\u003cbr\u003e • Publisher Imprint: Independently Published\u003cbr\u003e • BISAC: Investments \u0026amp; Securities - Portfolio Management\u003c\/p\u003e\u003cp\u003eDollar-Cost Averaging (DCA) is widely promoted as a safe and simple investment strategy. Investors are told to buy regularly, ignore market fluctuations, and hold for decades. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eBut there is a fundamental problem. \u003cp\u003e\u003c\/p\u003eTraditional DCA only explains when to buy. It never explains when to sell. \u003cp\u003e\u003c\/p\u003eIf a strategy discusses buying but never discusses selling, it is not an investment strategy - it is merely a capital allocation tool. \u003cp\u003e\u003c\/p\u003eIn this book, Ruixue Lei examines the structural weaknesses of traditional DCA and explains why the \"buy-only\" philosophy often fails in real financial lives. Investors face unpredictable events, changing market regimes, and volatile economic cycles that make the assumed 30-year investment horizon unrealistic. \u003cp\u003e\u003c\/p\u003eThe book introduces the concept of **Cycle DCA**, a framework that completes the investment cycle by incorporating both entry and exit rules, while maintaining the discipline and simplicity of regular investing. \u003cp\u003e\u003c\/p\u003eThrough conceptual analysis, historical examples, and multi-market backtesting, the book explores: \u003cp\u003e\u003c\/p\u003e- Why volatility drag quietly reduces long-term returns \u003cbr\u003e- The hidden assumptions behind traditional DCA strategies \u003cbr\u003e- How market cycles affect long-term investors \u003cbr\u003e- Why selling rules are essential for risk management \u003cbr\u003e- How a cash pool can improve capital flexibility \u003cbr\u003e- How Cycle DCA performs across major global markets \u003cp\u003e\u003c\/p\u003eRather than presenting a rigid trading system, this book offers a new way to think about systematic investing. \u003cp\u003e\u003c\/p\u003eIt is written for investors who want to understand the structure of long-term investing - and why the most popular advice may be incomplete. \u003cp\u003e\u003c\/p\u003e--- \u003cp\u003e\u003c\/p\u003eThis book is for educational purposes only and does not constitute investment advice.\u003cbr\u003e","brand":"Independently Published","offers":[{"title":"Paperback","offer_id":47776122896535,"sku":"9798252096544","price":2506.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9798252096544.webp?v=1777994410","url":"https:\/\/atlanticbooks.com\/products\/the-dca-myth-the-trap-of-buy-only-investing-9798252096544","provider":"Atlantic Books","version":"1.0","type":"link"}