Your success as an investor depends on your ability to differentiate between dips in bull markets (uptrends) and dips that occurring during downtrends. In uptrends, dips are immediate buying opportunities. In downtrends, dips are still opportunities, but they are likely to make you poorer in the short-term. Can you handle the short-term pain for long-term gains? Great, then still buy dips in downtrends... But this opens a complex can of worms & new questions. How much should you allocate in these downtrend dips? How does your existing exposure influence your need to front-load DCAs? What is the timeline that you're prepared to endure pain? What are the obligations you have (life expenses and dependents) and how will they be impacted in a sustained downtrend that persists for longer (and further) than you anticipate? I'll never tell people NOT to buy something because I can't answer these questions for each of you. All I'm doing is telling you to ask these hard questions. There is no shame in whatever your answers are. You just need to know what the answers are.(Caleb Franzen)