There are two types of gelcoats, with or without wax. Wax is used on gelcoat to seal the gelcoat as it curates. It floats to the surface and creates a sealing layer that allows the gelcoat to cure. Gelcoat is a very thick paint, so it tends to quickly separate and it needs to be well mixed before it's used. The wax adds to the tendency to separate, specially at temperatures below 55 degrees Fahrenheit (it solidifies and clogs the sprayer). Professional crews use a shaker and a heater to keep their gelcoat around 70 degrees and to make sure it's throughly mixed before they spray it. The temperature and shaker action keeps the gelcoat from separating and keeps the wax melted. However, for a DIYer, without a way to maintain the temperature or shake the gelcoat to submission makes it very hard to use gelcoats with wax. It will laminate. So, we suggest using a Laminating (non-wax) gelcoat.
If you want to be certain the color of your repair matches your boat, you can call your manufacturer and buy the gelcoat from them. They usually will ask for your boat's ISAF number and the year it was made. It's definitively more expensive than using generic gelcoat, but it may be worth the extra money if you want a 'like new' repair.
To reduce the gelcoat to be thin enough to come through the sprayer nozzle, you will need to reduce it. To do so, you will need to use a thinner or additive to reduce the viscosity. There are two main types of additives.
If you have an actual sprayer you probably know how to check for viscosity and prepare the gelcoat for your sprayer. Otherwise, you can use a disposable sprayer, Preval makes a good sprayer that you are likely to find at your local Home Depot or Amazon.
From experience, make sure your gelcoat and sprayer are working well before you spray the boat. Keep in mind that you will need a larger diameter sprayer to work with gel coat or resin and it will help if it includes a warmer to keep the wax as liquid as possible. It will take a few tries to get your proportions right, be patient.The most likely issues you will have are the following: