Sometime ago I had trouble remembering that right adjoints preserve limits (and so left adjoints preserve colimits). But ever since R. Vakil suggested that we use RAPL as a mnemonic to Right Adjoint Preserve Limits, it stuck on my mind and I never forgot. However I still have trouble remembering that
Inverse limits (= projective limit) are special cases of limits and direct limits (= inductive limit) are special cases of colimits. Also, the arrow (in $\varinjlim$) in direct limits go to the right and the arrow in inverse limits go to the left.
I would like to know you do to remember it.
Best Answer
A key example of projective limits is given by diagrams $(\mathbb{N}, \leq)^{\mathrm{op}} \to \mathscr{C}$. Dually, key examples of inductive limits are given by $(\mathbb{N}, \leq) \to \mathscr{C}$. This gives an indication for all of those nasty conventions:
In general, however, I wholeheartedly agree with Ittay Weiss. I really wish that more people would also just write $\lim_I$ and $\mathrm{colim}_I$ and also just say (categorical) limit and colimit.