14 Key Lessons From @GCRClassic (pt. 2)
GCR is one of the best traders in crypto history.
> Shorted top of $DOGE & $LUNA
> Shorted top of 21' metaverse
> Bought the cycle bottom in Nov. 2022
To trade like him, you must learn from him.
2/ GCR's Advice For Traders:
GCR is all about the grind.
His advice? Go all in when the market's on your side.
The potential gains from giving it your all during peak conditions are simply too good to pass up.
3/ GCR, a Contrarian At Heart:
GCR's secret?
He's a contrarian at heart, often betting against the crowd.
He's inspired by George Soros, frequently citing Soros's ideas on reflexivity and contrarianism.
4/ News Headline Trading Tips:
GCR focuses on how markets react to headlines rather than their truth.
5/ Hedging in Bull Markets:
In 2021's latter half, GCR stayed active in crypto, despite his bearish outlook.
He shifted to short positions, capitalizing on liquidity exiting the market.
6/ Skill Diversification
GCR diversified his predictive skills across assets.
In 2021, he explored NFT speculation, favoring them over memecoins.
He viewed NFTs as a small part of his broader investment strategy.
7/ Coins With Weak Tokenomics:
Contrary to common belief, top-performing coins can have poor tokenomics.
Many teams launch during bear markets, waiting for better conditions to manipulate their holdings
This applies even in mini-bears within bear markets.
8/ Bet On Unit Bias :
Unit bias in crypto refers to preferring whole asset units.
This can lead to irrational investment decisions based solely on price, common among retail investors.
9/ Retail Hyped Coins:
Retail-hyped coins often trigger buying frenzies as anticipated events approach.
Investors anticipate wealth, but market makers exploit the surge to offload holdings.
10/ What To Do When Sidelined:
If sidelined, consider trading news instead of FOMOing into others' holdings.
News trading is competitive, so having infrastructure is crucial.
11/ Gaming Airdrop Patterns:
To maximize returns, capitalize on volatility at both ends, despite the market's increasing efficiency.
However, airdrops still follow predictable patterns.
GCR advises studying every event since 2018 for insights.
12/ Selling Points Of Round Numbers:
In reflexive assets, round numbers are powerful selling points.
13/ Prioritising Intuition:
GCR values intuition, the knack for picking up subtle cues even without conscious awareness.
He believes the best traders always prioritize this skill.
14/ Resetting Your Perspective:
Thinking about your peak net worth can cloud your judgment and emotional stability.
GCR suggests clearing your mind.
You could also regularly resetting your PNL perspective for better trading outcomes.
15/ Taking Profits Wisely:
Many overlook a simple truth: wealth isn't realized until it's taken.
Most lose gains by forgetting this.
Keep an eye on volume surpassing market cap.
It's a common indicator of the final stages of a parabolic move.
16/ Conclusion:
GCR's predictions are a starting point; always do your research.
Thanks for reading; if you enjoyed it, please like and RT!
Remember, this is purely educational, not financial advice.
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