Here we go. Pardon the poor photo I cannot do macro with this cheap camera.

Picture of xgaming super clone.
When assembling for a wooden panel.
First thing on joystick is long spacer with lip at the top, next the donut shaped hole cover, next the small spacer with wide part facing towards bottom, slip the shaft into joystick at this point.
The actuator is shown at the bottom with the clip. If you want 8 way mode the fatter part is up thus it hits the switches sooner. If you want 4 way the fatter part is down where the clip attaches.
Does that make sense?
Note if you were to assemble as shown in the picture, fat end of actuator down or closest to clip then it would be in 4 way.
Hope that helps.
BobA