Author: TIGER Source: X, @tiger_web3

Nearly a month has passed, and it is time to review and make up for the idea.

The goals of the past few years are very clear: there is a steady increase, and strive to jump from A8 to A9 as soon as possible.

With this clear goal, the course of action is much simpler. My previous strategy can be summarized into two points:

First, give up all the tossing that does not help A8 to upgrade to A9. For example, I discovered some small opportunities that I might be able to earn A7 after the build is completed, and I decisively gave up this trivial small profit.

Secondly, play steadily, constantly look for opportunities to positive EV (positive expectation value), place bets multiple times, so that the impact of luck can be diluted as much as possible. For example: I have invested a lot of energy to "fight" (take various airdrop benefits) throughout the 23 years. Even if I lost some gas fees, I felt it was worth it, because at that time, this was a typical opportunity of "limited losses and unlimited returns".

Everything is progressing step by step, and assets are accumulating steadily. Until January this year, I encountered a major pullback in my account and my original plan was instantly disrupted. (I have recorded the details in my previous article.)

Reflection after the big drawdown

I returned to the country and gave myself a leave of absence, sobering myself and reflecting.

After returning to China, I found that all my friends were living happily. Whether it is a worker within the system or a business starter by yourself, or a cash-strapped person, no one is as frowning and pessimistic as me. It turns out that living happily doesn’t cost much. But my emotions fell to the bottom because of my book losses, and I lived a more painful life than anyone else.

They asked me to re-understand the saying in the Tao Te Ching: "Being rich and arrogant is to blame yourself."

I gradually realized that the pain I suffered far exceeded the money and project resultsThe sense of accomplishment brought by the merit. This huge drawdown actually has no substantial impact on my daily life - my life is as usual, I should eat and play, and my quality of life has not declined. To put it bluntly, this kind of book loss is not worthy of my torture myself like this.

Maybe it is because I have been going smoothly since I was a child: I was admitted to college in the Olympics, and several projects that I started a business in succession after graduation also had good responses. Suddenly encountered this violent blow, I began to doubt myself for a moment. Fortunately, I was relieved for a month and got out of the shadows and realized a fact: whether I was doing projects or investing, the most important thing was to gain a sense of accomplishment. To me, the numbers on the account are not important, and continuous positive feedback is the indispensable motivation.

After understanding this, I became much more indifferent to my views on wealth. After all, wealth has reached a certain level, and the improvement of quality of life is actually quite limited - at best, it is just a few more good cars and more luxury houses. And I have long had no worries about food and clothing, and I am not keen on supercars and luxury houses. So what else is there to worry about?

My biggest cognitive trap is to mistake the scale of assets as a life progress bar.

Restart again: New plan

After adjusting my mentality, I decided to do a "dynamic plan" and re-plan what to do next. Based on the current funding situation and market environment, it is urgent to find a direction worthy of continuous build. Specifically, I have set up the following new plans for myself:

1. Adjustment target: I have been trying to hit A9 for a few years. Now I am more pragmatic and change the target to return to the asset level before the big drawdown.

2. Due to the change of goals, those opportunities that used to think are not cost-effective but did not do it can now be brought back to the table. For example, the ways to "make small money" such as SEO and traffic arbitrage that I disdained before can also try now.

3. Stay tuned for investment and look for opportunities for ultimate arbitrage. Only by staying at the poker table can you seize the opportunity as soon as possible. In other words, you can never leave the game and wait for my next good hand.

4. Continue to pay attention to AIThis track. I am not referring to the "AI project" that speculates on concepts in the Web3 world, but to truly penetrate the AI ​​industry itself. The world is paying attention to the AI ​​revolution - no matter whether I can get a share of this trend in the future, at least being at the forefront means that I can use the latest and most powerful AI tools at the first time, and the most advanced tools are often the strongest productivity multiplier.

5. The blockchain field continues to deepen its efforts. The public chain world is like an open "dark forest". Although it is full of crises, the rules are transparent. I want to hone my skills in this real battlefield and welcome the opportunity with real strength.

6. Work hard to increase your own cash cow. Simply put, it is to create more products that can continue to produce hematopoiesis in addition to the main business, and lay out several more stable income channels for yourself.

7. Remember "wealth does not enter the urgent door". Looking back on the fact that I lost money before, my biggest enemy was that I was too impatient and my heart would be deformed when I acted urgently. I've fallen into this twice, one and two, and never three.

After this adjustment, I felt much more relaxed. The road to growth is inevitably full of ups and downs, but every setback is a precious nutrient, which makes me more clear about what I really want. Putting down my burdens and getting into battle lightly, I am ready to face the challenges of the next stage - as long as I move forward steadily according to these plans, I believe that wealth or growth will come unexpectedly in the future.

"Real financial freedom is not the level of asset magnitude, but the confidence to switch to the survival mode at any time"