The soul bandage: Failure to encrypt the battlefield, how can we regain confidence and set off again?

Author: ian

Compiled by: Luffy, Foresight News

Recently, I have heard regrettable stories from many investors: a sharp pullback in returns and even a loss of money. But don't lose hope, since you've made a profit, you can do it again. I've had similar experiences, so I'd like to share some ideas on how to get back together.

Treat transactions as a game

Do you still remember the first time I entered the fantasy world of "Eldon's Ring of Far" and was embarrassed by it more than ten times before finding out the "Kite" tree sentinel? Do you remember the feeling when I finally got into the Platinum level after being trapped in the bronze level for several months?

After countless times being "rug pull" you get the first 5x profit on a Memecoin. After working for several months, you get your first generous airdrop. At these moments, dopamine surges and achieves a lot!

Get off the hustle and bustle for a while and return to life

At this moment, if you are frustrated by a failure in investment, you might as well press the pause button first. Return to real life and spend more time with your family and friends. Regular work and rest, healthy diet, and refreshing exercise to rejuvenate the body and mind. Consider these seemingly unrelated daily life as side tasks to improve oneself. Just like in the game, if the side mission is completed well and the protagonist's attributes are greatly increased, you can deal with the main challenge more calmly.

You must know that the market is never short of opportunities. As long as you stay keen and ready to go, you can capture it again. But the premise is that you have a healthy body and a clear mind.

Return to the "battlefield", strategy first

When you adjust your state and prepare to return to the investment "battlefield", don't rush to charge. Before you start, write down all the mistakes you made in the previous round and develop a plan and develop a risk management framework that you must follow.

A qualified framework should include fund allocation rules, risk exposure rules, and most importantly, there must be a stop-profit rule. I have witnessed too many investors who have just made some profits and are driven by greed to rashly invest their profits in high-risk new projects, and the result is often in vain. Remember, only by steadily putting profits into legal tender, exchanging them for fiat currency to repay debts and be grateful to your family, that is the real wealth of your own.

Walk with the team

If you don’t have a team yet, find or create a core communication group with smaller scale and high-quality talents you can trust. It's cool to pass the level alone, but it's better and more fun to pass it with a skilled and diverse team.

Resource Management

Now that you are refreshed and have a plan, how do you start? In every game, you need resources to roll the snowball and eventually go to victory.

In Age of Empires, you have wood, food, stones, and gold; in League of Legends, you have gold coins, mana values, etc.; in chess, you have chess pieces and time; in investment transactions, your funds and time are your resources.

In my opinion, when you start over or get stuck in an investment dilemma, there are two ways to balance these resources:

1. Extreme maximization mode

You work in the Web3 field, ideally at a fund company or research institution. This allows you to immerse yourself in this "game" 24 hours a day. The intensity is high and the investment is high. You have been online and browsing Twitter and Telegram in your free time. Every aspect of your life revolves around cryptocurrencies. , Insider information will be sent to you in private messages, and opportunities will appear every once in a while.

You upgrade quickly because you are always on the forefront, but it is also very tiring. It's easy to exhaust your energy. If you accidentally leave time for your side quests (such as returning to real life and staying healthy), you can easily fall into a narrow vision. This is a typical trade-off of pros and cons brought by extreme maximization.

2. Balance mode

If you can invest much less time in this "game", choose this mode. You might have a job in the Web2 field (that's the field you're good at), or a non-research/investment job in the crypto field. You won't browse Twitter all day, nor do you stay on Telegram or Discord channels.

It doesn't matter! The operation frequency is low, but it can continuously generate resources. You can still win like a tortoise in the fables of the tortoise and hare race.

You won't be anxious about the changes in every market trend. You have time to look at problems from a macro perspective, make more confident decisions, and avoid getting out of control of your emotions. You may choose to simply invest in mainstream cryptocurrencies regularly and outperform the average retail trader. If you want, over time, you will have the ability to provide financial support for yourself to transition to the ultimate maximization model to achieve snowball growth later on.

Find your motivation

On the long road of investment, you might as well ask yourself often: Why did you devote yourself to this field? ? Is it for the freedom of wealth and give more choices in life? Or to prove yourself? No matter what the answer is, when one day the account numbers rise, you will suddenly realize that investing in this "game" has been integrated into life and becoming a career that you continue to love and pursue unremittingly.