> I do think a lot of advice is about reducing volatility because amateur investors freak out over sudden negative drops and then make mistakes out of panic I

> I do think a lot of advice is about reducing volatility because amateur investors freak out over sudden negative drops and then make mistakes out of panic I agree with this, but personally, I don't like DCA because you aren't managing risk. I found that it's way easier to manage fear and greed in markets if you have proper risk management, and most people simply don't want to learn this skill for whatever reason. "Every battle is won or lost before it is ever fought", so you should have a plan where to enter and exit a trade. > Time in market beats timing the market so to speak? This works for past performance of S&P500, but if you look at other indices like Nikkei225 (Japan's lost decades of economic stagnation) this strategy doesn't work too well.