There are times when we need maximum focus to face volatility and challenges, and November this year is certainly one of those times. This is the time to activate "Monk Mode" – a state of calm, isolation, and intense focus. November could be the decisive moment when your perseverance and commitment may open doors to success. Here’s how you can step into Monk Mode and optimize every factor for maximum effectiveness.
***source of ideas from The DeFi Edge
1. Choose 3 Main Trends to Focus On 🎯
The crypto market is always diverse with many different trends: from AI, GameFi, DePin, to GambleFi and memecoins. However, you cannot grasp them all. Choose 3 of the most promising fields that you feel are worth investing your time and effort into researching. Diving deep into a few trends will be much more effective than having a vague grasp of many different fields.
2. Fail Faster to Progress Faster 🔄
Failure is an inevitable part of the investment journey, especially in the volatile crypto market. Instead of avoiding risks, allocate a small portion of your portfolio to experiment with new protocols and strategies. Don’t rely on advice from others; learn from each failure and adjust your methods. The crypto market rewards those who dare to take the first step, and the only way you won’t be left behind is to experience it for yourself.
3. Set 3 Specific Goals 🎯
Don’t just set short-term financial goals like "make $10,000 this month". Instead, set goals that help you enhance your skills and prepare for long-term success, such as: "master on-chain analysis", "track 10 smart wallets", or "build a personal investment system". These goals will help you grow sustainably and stand firm in the market.
4. Take Responsibility for Your Skills 🛠️
Every loss is a test of your skills. Don’t blame the market or external factors. This market is a "skill tax" game – where you only succeed by continuously learning and improving yourself. If you lose money, it’s a signal that there is something you don’t fully understand. Treat each failure as an opportunity to adjust and grow.
5. Control the Information You Receive 📲
The people you follow on social media will directly influence your thoughts and decisions. Carefully filter this list, choose those who truly provide value, and mute accounts that only cause noise. Remind yourself that you are here to make money and grow, not for entertainment.
6. Keep a Trading Journal 📒
Keep a record of your reasons and thoughts before each trade. When it's over, evaluate what you did right and where you went wrong. Keeping notes not only helps you track your development but also serves as a powerful tool to refine your personal "algorithm", which will help you make better decisions in the future.
7. Deep Work – High Focus 🕰️
Spend a few hours each day on "Deep Work" – a period of intense, uninterrupted focus. Turn off your phone, disconnect from social media, and concentrate solely on research, developing investment theses, and enhancing your knowledge. This is precious time for you to truly dive deep into analysis and build a solid foundation.
8. Learn to Say "No" 🙅♂️
To achieve long-term goals, you must be willing to forego short-term pleasures. Pause gatherings, unnecessary entertainment programs, and focus all your energy on your goals. The market will always have time for fun later, but for now, commit to your objectives.
9. Don't Forget Your Health 💪
Success means nothing if you have to sacrifice your health. Get enough sleep, exercise regularly, and maintain a healthy lifestyle. Only when your body and mind are healthy can you make wise and consistent investment decisions.
10. Be Ready to Embrace PvP Gameplay 🏆
The crypto market is a real "Player vs Player" game. To succeed, you need to cut out distractions, constantly reevaluate your strategies, and be willing to sacrifice what is unnecessary. Not everyone will succeed in this game, but those with strong will, perseverance, and the right strategy will be the last ones standing.
Conclusion: It’s Time to Activate Monk Mode 🔥
Step into Monk Mode right now, eliminate all distractions, and focus on your most important goals. November could be a turning point in your journey – if you are ready to commit, work hard, and maintain patience, you can achieve breakthrough success.
This is the time to master the game, not to slack off. Start today!
