DCA proponents are a vocal minority. They lump everyone else into one giant group, which should be named “the non-DCA approaches”, but they tend to call it “market timing”. I think non-DCA approaches can include
- non-DCA index investing, usually with low DYOC
- non-DCA growth investing .. largely ignoring DYOC
- Buffett style stock picking and BnH, mostly for long-term appreciation
- macro analysis and allocation