Approaching a crypto portfolio in the same way of a war room

While the representation of a war room is scary for the purpose of it, the idea and concept of it can transpire in other situations and provide quite useful. A war room is a room where battles are planned that is equipped with maps, computers and anything helping to strategize and know at each point in time where you are standing. It is simply a room where people meet and exchange plans, ideas, information in an active way in order to be on the winning side at the end. Starting from here I like to approach things in the same way and one practical one is managing a crypto portfolio.

Intelligence gathering (Market analysis and DYOR)

I like to treat the market research and do my own research as a way of reconnaissance. Regularly I look at trends, news, on-chain data, and sentiment to anticipate moves and identify opportunities or threats, ensuring that I act based on data, not speculation. I try to invest after I've documented myself of a project or the other, even if there is more I could do and dig deeper to be sure of the viability of such an endeavour.

Diversified risk management (Backup forces)

Just as a war strategy includes reserves, I like to diversify to mitigate risks. This way I try to ensure not all assets are in volatile sectors and I am maintain an allocation in stablecoins or liquidity pools as a safety net during downturns. Sometimes probably I went too far and diversified too much and I had or better said still have to balance my diversification in order to be able to keep up with everything that happens in the ecosystems of my assets.

Dynamic response and adaptation

In a war room, decisions adapt to changing battlefields. Similarly, I try to adjust my portfolio to evolving market conditions, taking some profits, cutting other losses or reallocating based on performance. For a long time I had been a HODLer but the changing times forced me to adapt whether I wanted or not. I did some exits even at a loss and reinvested those funds in some better projects. This also helped me to concentrate my focus and improve later yields.

Strategically investing in crypto in a similar way to a battle planning, while monitoring and changing tactics based on how things move along, is one way I like to look at things and organize them. For people with strategic thinking, visual representation and rational decision making this could be a great way to put things into motion. For me I would like to see all my assets on a board, have the major events surrounding them and be updated all the time of the next move - whether positive or negative. This way I should be able to take the best decisions when needed or simply be at the right time at the right place. I like the idea of this concept and I am still thinking how I can have a representation of it that can provide me the required information to feel good with the direction to which my crypto portfolio is moving to.

Posted Using InLeo Alpha