Im big on motivational quotes and simple mantras that can help in a given moment. I work in a field where my mental state of being could determine success or failure. Thats one of the things that keeps me interested.
I see cryptocurrency the same way. Success or failure can be dictated by a single moment. If you ever let your emotions and frustrations get the best of you, your strategy is done. Take the recent developments in Litecoin. The drip today seemed to be a lot lower and last a lot longer than what most of us were expecting. We let our emotions get the best of us and FUD creeps in.
Its during situations like this where I think that a quick mantra can get us right back on path. Insert Jock Willing. Navy Seal, New York Times Best Selling Author. Jiu Jitsu Blackbelt. All around American Bad Ass.
In Jocko's podcast, he often talks about detachment. About being able to see the situation for what it really is rather than being caught up in the emotion. He talks about stepping back off the line in firefights, reevaluating his Seal teams position, and then making a decision based off of logic, reasoning, and THE PLAN.
This idea of detachment is critical during a dip such as the one Litecoin is experiencing. Step back. Evaluate the situation. Remember the plan (buy low, sell high), and put the plan into action.
Now isn't the time for FUD.
Now is the time to HODL!
Now is the time to take advantage of the drop in price and improve our standing in the future.
Step back and realize that this game is still very young and we are the first ones to the party!