Improving Trading Decisions: The Benefits Of AI-Powered Portfolio Management On Elluminex

As any experienced trader will tell you, having a plan is essential. Making emotion-based decisions at random is a good way to get rekt. Whether it's FOMO making you chase a pump or fear causing you to sell during a dip, trading without a plan often ends in losses and regrets that could have been avoided. 

Many of us know this but still do it! So how can we resist this common mistake?

One way to improve your strategy and avoid FOMO and bad decisions is to use AI-powered portfolio management.

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Here at Elluminex, we are building a sophisticated AI toolset that will help you make disciplined data-driven decisions - making it easy for you to remove emotions from your decisions, and helping to increase profitability!

Why You Need A Trading Plan

Successful traders start with a clear plan. 

After all, we know we should ‘buy low and sell high’, but how do we decide what is high and low? 

If we don’t know then we put ourselves at risk of just following the crowd, FOMOing in at the top, or trying to catch a falling knife during a market dip.

These kinds of impulsive decisions usually lead to losses.

How To Make A Trading Plan

One choice is to become skilled at technical analysis and use that to find projected bottoms and tops. This can help to inform your buy and take profit levels.

You might also want to follow the news closely and look for opportunities each day. Or follow successful traders and analysts.

Another, more long-term strategy, could be to simply DCA (Dollar cost average) into Bitcoin or another coin once a month on the same date, or on a day that the market is red. But you will still want an idea of when to sell.

But What If There Was An Easier Way Using AI?

If you know all your entry and exit points you can input them and get an AI bot to sell for you. 

But what if you don’t know that? Or are you worried that a sudden market shift will wreck your portfolio as you sleep?

Our AI tools will use your instructions if provided, plus real-time market analysis, to make sure that your crypto is safe. You can rest while using our tools, buy, sell, and rebalance your portfolio using up-to-the-minute knowledge, and short and long-term market analysis.

Our tools can also help suggest ways for you to improve your portfolio manually, such as suggesting trending coins with good foundations and technical analysis. And there’s more because our AI keeps learning.

The AI That Keeps Learning - Adaptive AI

‘History never repeats but it often rhymes’ is another trading maxim that many use. But what does rhyming look like? The markets are constantly in flux, and a strategy that works now may not work in the future.

This is where Elluminex’s Adaptive AI comes in. As the AI processes more data, it becomes better and better at predicting trends. It can then help you adjust your portfolio to make the most of it. This is helpful for reacting to unexpected volatility but also for learning from past trading patterns.

Final Thoughts

AI portfolio management is not a passing fad, it's the future for traders. When using Elluminex’s AI portfolio tracker and manager, you can improve your trading decisions, ensure you're optimized for risk and reward, and stay disciplined by removing emotions from the equation.

With Elluminex’s AI support, you’ll be able to stay ahead of the pack and trade smarter - saving you time and improving your portfolio and chance of long-term success!

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