Making too many decisions in Crypto is exhausting.
I started making more money once I learned about Systems Thinking.
Here's your playbook for creating Systems in Crypto:
(plus it stops emotions from killing your gains!)
I started making more money once I learned about Systems Thinking.
Here's your playbook for creating Systems in Crypto:
(plus it stops emotions from killing your gains!)
Goal: Lose weight
System: how you work out and how much you eat.
Goal: Grow on Twitter
Systems: How often / when to tweet, topic Selection, & the writing process.
It's easy to set a goal.
Having a good SYSTEM is what separates the winners from the losers.
System: how you work out and how much you eat.
Goal: Grow on Twitter
Systems: How often / when to tweet, topic Selection, & the writing process.
It's easy to set a goal.
Having a good SYSTEM is what separates the winners from the losers.
What are Systems?
Systems are a set of behaviors & habits that, if executed consistently, will nudge you towards your goal.
It's kinda like trying to find the right recipes for your goal.
Everything changed for me once I applied this type of thinking to Crypto.
Systems are a set of behaviors & habits that, if executed consistently, will nudge you towards your goal.
It's kinda like trying to find the right recipes for your goal.
Everything changed for me once I applied this type of thinking to Crypto.
Why Create Crypto Systems?
We're victims of emotions & biases.
Designing systems is like creating investment software for your brain.
It's simplifies everything and makes life easier. You're more objective about your decisions.
Here are 10 examples for Crypto:
We're victims of emotions & biases.
Designing systems is like creating investment software for your brain.
It's simplifies everything and makes life easier. You're more objective about your decisions.
Here are 10 examples for Crypto:
1. When to Buy Crypto /w Fiat
I buy blue chips on the 1st of each month /w fiat; it's as automatic as paying my bills.
I'm not looking at the "RSI".
I'm not trying to time the market.
Instead, I use my brainpower towards other things like research and living life.
I buy blue chips on the 1st of each month /w fiat; it's as automatic as paying my bills.
I'm not looking at the "RSI".
I'm not trying to time the market.
Instead, I use my brainpower towards other things like research and living life.
2. Portfolio Allocation
I have a target for each section of my portfolio. If one area of my portfolio gets too overweighted, then I sell and re-adjust.
I have a target for each section of my portfolio. If one area of my portfolio gets too overweighted, then I sell and re-adjust.
3. Profit Taking Formulas
When do you choose to lock in profits?
Instead of timing or feelings, try following formulas.
When do you choose to lock in profits?
Instead of timing or feelings, try following formulas.
4. Claiming Earnings from Farms
Not all protocols have auto compounding.
How and when do you decide to claim your farms?
I claim everyday Monday and Thursday afternoon.
I have it scheduled in my calendar, and I have a bookmark folder of my farms.
Not all protocols have auto compounding.
How and when do you decide to claim your farms?
I claim everyday Monday and Thursday afternoon.
I have it scheduled in my calendar, and I have a bookmark folder of my farms.
5. Keeping Track of Everything
It's easy to get lost with so much data.
• Create a Trading Log
• Create a Spreadsheet with your cost basis
• Use @zapper_fi
• Figure out how to Track Tax Obligations
• Follow an influencer? Track their "calls" to see their accuracy.
It's easy to get lost with so much data.
• Create a Trading Log
• Create a Spreadsheet with your cost basis
• Use @zapper_fi
• Figure out how to Track Tax Obligations
• Follow an influencer? Track their "calls" to see their accuracy.
6. Investment Checklists
How are you evaluating a protocol?
One system I've created is a checklist to evaluate protocols.
It's easy to watch a YouTube video and get FOMO.
Creating your own checklist will keep you honest.
How are you evaluating a protocol?
One system I've created is a checklist to evaluate protocols.
It's easy to watch a YouTube video and get FOMO.
Creating your own checklist will keep you honest.
7. Your Content Diet
Junk food is horrible for your body.
Have you thought about your mental diet? It's the information you're consuming every day.
Curate your content diet carefully: your Twitter feed, podcasts, newsletters, etc.
Get rid of the mental junk food.
Junk food is horrible for your body.
Have you thought about your mental diet? It's the information you're consuming every day.
Curate your content diet carefully: your Twitter feed, podcasts, newsletters, etc.
Get rid of the mental junk food.
8. Research System
Create a formal process for research:
• Read the white papers and official documentation
• Research the founding team & their accomplishments
• Do they have audits? With who?
• Do a vibe check in the Discord
• etc.
Go through it EVERY SINGLE TIME.
Create a formal process for research:
• Read the white papers and official documentation
• Research the founding team & their accomplishments
• Do they have audits? With who?
• Do a vibe check in the Discord
• etc.
Go through it EVERY SINGLE TIME.
9. Habit Formation
It's not enough to create the systems, you must create habits to do them!
• Create recurring tasks in your Calendar
• Set consistent times for certain behaviors.
• Make your checklists easily accessible
• Re-visit & improve when you have new learnings.
It's not enough to create the systems, you must create habits to do them!
• Create recurring tasks in your Calendar
• Set consistent times for certain behaviors.
• Make your checklists easily accessible
• Re-visit & improve when you have new learnings.
10. Systems Protect You
I HATE taking profits.
In January, I was riding high off of Wonderland & DeFiKingdom's success.
I DID NOT want to take profits. But I trusted my system, so I reluctantly took profits.
The prices crashed and I didn't lose as much.
Thank you systems.
I HATE taking profits.
In January, I was riding high off of Wonderland & DeFiKingdom's success.
I DID NOT want to take profits. But I trusted my system, so I reluctantly took profits.
The prices crashed and I didn't lose as much.
Thank you systems.
The Bigger Picture
Simple means LESS decision fatigue.
By systemizing the smaller decisions, I can use my energy towards bigger things that have more LEVERAGE.
Simple means LESS decision fatigue.
By systemizing the smaller decisions, I can use my energy towards bigger things that have more LEVERAGE.
Some Homework:
• What's your decision-making process when investing?
• When do you take profits?
• If an investment sucks, when do you cut your losses?
• How do your systems change when it's bull vs. bear market?
• How do you keep track of everything?
• What's your decision-making process when investing?
• When do you take profits?
• If an investment sucks, when do you cut your losses?
• How do your systems change when it's bull vs. bear market?
• How do you keep track of everything?
"Ser, how do you keep track of your systems?"
Don't overcomplicate it.
You can start with a Google spreadsheet and creative different tabs.
These days I create checklists and tables inside of my @NotionHQ
Don't overcomplicate it.
You can start with a Google spreadsheet and creative different tabs.
These days I create checklists and tables inside of my @NotionHQ
Additional Info:
If you want to learn more about systems thinking, then check out these books.
• Atomic Habits by @JamesClear
• Principles by @RayDalio
Systems thinking doesn't come naturally for some people. But once you "get it", everything in life becomes easier.
If you want to learn more about systems thinking, then check out these books.
• Atomic Habits by @JamesClear
• Principles by @RayDalio
Systems thinking doesn't come naturally for some people. But once you "get it", everything in life becomes easier.
Key Takeaways:
• Everything in life is a system.
• Systems protect you from your emotions and cognitive biases.
• Creating them and analyzing them over time will help you find weaknesses in your strategy.
• Everything in life is a system.
• Systems protect you from your emotions and cognitive biases.
• Creating them and analyzing them over time will help you find weaknesses in your strategy.
Thanks for reading!
If you want to re-visit these lessons, make sure to bookmark this thread.
Bear market? I'm not slowing down
1. Follow @TheDeFiEdge
2. Subscribe for free Weekly alpha at TheDeFiEdge.com
3. Share the 1st tweet in the thread to help your frens.
If you want to re-visit these lessons, make sure to bookmark this thread.
Bear market? I'm not slowing down
1. Follow @TheDeFiEdge
2. Subscribe for free Weekly alpha at TheDeFiEdge.com
3. Share the 1st tweet in the thread to help your frens.
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