From $100 to $100 million, legendary trader GCR speaks out again, revealing 9 trading tips!
In 2022, GCR shorted Luna, and his funds quickly increased from $100 to $100 million, becoming the most profitable trader in history. Recently, he, who has been hiding from the world, spoke out again on social media, revealing 9 trading tips. Mengge translated it into Chinese and explained it to you. Just click to follow.
First: Buying quickly is the key to success, especially in Memecoins. Buy when no one cares, and sell when the crowd is bustling.
Second: Even if the market is sluggish, be prepared for the bull market and be firm in your beliefs.
Third: It is a rule in the past that the currency circle should speculate on new rather than old. There are many new coins in the bull market. Analyze the team background and choose projects with potential.
Fourth: Poor design of token economics does not mean that the currency price will perform poorly. Sometimes projects wait for the right time to launch.
Fifth: The market's reaction to the news is more important than the news itself. Emotions are above all else! Reaction > News
Article 6: When trading volume > market value, it may be time to cash out.
Article 7: Long-term holders usually outperform frequent traders. This advice is only relevant to Degen traders who play the game of junk coin rotation.
Article 8: The biggest threat to a project is its own success, which is easy to cause imitation.
Article 9: The golden rule: leverage profitable tokens and quickly sell loss-making tokens.
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