Dollar-Cost Averaging (DCA) Bot

This bot workshop shows you how to set up a simple automated bot that systematically purchases a fixed dollar amount of shares every month.

Dollar-cost averaging is a popular long-term, passive investing strategy that seeks to eliminate market timing. With automation, you can use event automations to schedule specific actions. In this example, the bot purchases shares every month on the same day.

We'll also show you how to leverage automation to take advantage of opportunistic buying opportunities and exit positions at specific profit targets.

Transcript

The text is the output of AI-based and/or outsourced transcribing from the audio and/or video recording. Although the transcription is largely accurate, in some cases, it is incomplete or inaccurate due to inaudible passages or transcription errors and should not be treated as an authoritative record. This transcript is provided for educational purposes only. Nothing that you read here constitutes investment advice or should be construed as a recommendation to make any specific investment decision. Any views expressed are solely those of the speaker and should not be relied upon to make decisions.