GCR isn't the sole owner of a unique market sense.
Dan Zanger was an ordinary trader, but in just two years his life changed completely.
He turned $10,000 into $42 Million.
During my research, I was shocked...
His lessons can help everyone achieve the same wealth 🧵⬇️
◢ Frequently, stories surface on social media about an unknown cryptocurrency trader turning $100 into $1 million in a day.
✘ However, these instances typically involve insider trading, bot usage, or sheer luck.
Consequently, replicating these actions primarily centered on purchasing shitcoins early on often results in financial losses.
➜ Today, I chose to delve into the success story of Dan Zanger, renowned for turning a $10,000 investment into over $40 million.
Despite his fame in the stock market realm, we aim to adapt his tactics to the crypto space.
Let's explore his unique approaches, principles, and the insights crypto traders can glean from his experience ⇩
◢ Zanger’s Trading Strategy Breakdown:
➜ 1. Spotting High Momentum Asset:
Zanger's approach centers on pinpointing high-momentum assets poised to surge to new highs.
He gravitates towards companies with innovative offerings, robust earnings growth, and a dominant market presence.
✓ This concept can easily translate to the crypto sphere. In simple terms, focus on assets tied to promising narratives. I've delved into this in a thread:
x.com/wacy_time1/status/177486...
➜ 2. Analyzing Volume: Understanding Market Dynamics:
Zanger emphasizes the importance of volume analysis, describing it as the pulse of the market. A breakout accompanied by significantly higher volume than usual can signal institutional buying, fueling a stock's upward momentum.
✓ When it comes to cryptocurrencies, it's crucial to focus on coins in the accumulation phase, as growth often follows such accumulation.
◢ Zanger’s Golden Trading Principles:
➜ 1. Risk Management:
Limit your risk to no more than 1% of your total portfolio per trade. This crucial guideline safeguards the trader's capital against substantial losses.
✓ When it comes to crypto, the figures may vary depending on… twitter.com/i/web/status/17809...
➜ 2. Profit Taking:
While Zanger is recognized for his strategy of holding onto successful trades, he also stresses the importance of locking in profits.
By selling half of a position when it's up 100% from the breakout point and placing a trailing stop on the remaining asset, traders can secure gains while still allowing the asset room to grow.
✓ I neglected this rule during my initial bull run, resulting in mediocre outcomes.
However, in the subsequent bullish cycle, I made sure to take profits, which enabled me to comfortably weather the bearish trend.
x.com/wacy_time1/status/171317...
➜ 3. Mastering Focus: Rather than spreading out investments, Zanger emphasizes the strength of concentration.
Focusing on a select few high-potential assets can result in substantial portfolio growth, given the trader's skill in managing risk and comprehensive market knowledge.
✓ Simplify your strategy to enhance effectiveness; fewer investments can lead to better outcomes. Instead of 20 coins, focus on 5-7 strong projects.
4. Psychological Resilience: Zanger’s trading journey serves as a prime example of the mental strength needed to thrive in the market.
His capacity to remain composed amidst market fluctuations, the determination to adhere strictly to his principles, and the ability to recover from setbacks highlight the crucial role of mental resilience in achieving success in trading.
✓ In the world of crypto, maintaining emotional stability is paramount, resisting panic and FOMO.
x.com/wacy_time1/status/177014...
➜ 5. Embracing Continuous Learning and Flexibility: Zanger's approach isn't fixed; it grows alongside market changes.
He invests significant time in analyzing market trends, grasping sector shifts, and keeping abreast of macroeconomic influencers that may impact market trends.… twitter.com/i/web/status/17809...
I hope you've found this thread helpful.
Follow me @wacy_time1 for more.
Like/Repost the quote below if you can:
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I hope you've found this thread helpful.
Follow me @wacy_time1 for more.
Like/Repost the quote below if you can:
twitter.com/wacy_time1/status/...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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