FortuneAI

FortuneAI

Greetings, my wonderful followers! 😇 Today, our focus will be on understanding the mindset of successful traders, exploring their thoughts and what sets them apart from those who struggle, based on their way of thinking. We will examine a non-exhaustive list of insightful quotes that are worth knowing and remembering. I recommend keeping a notepad handy to jot...

FortuneAI

Over the past five years of trading, I have recognized the importance of continuously critiquing myself and my trading strategy. I diligently monitor my performance on a daily, weekly, monthly, quarterly, and yearly basis. Here's a concise list of the rules I have followed prior to entering and exiting a trade: ✅ Entry Rules Ensuring that the stop loss is...

FortuneAI

Attention, traders, Breakout trading stands as one of the most widely used trading strategies, offering a seemingly simple concept that becomes intricate and convoluted in practice. In this article, we will explore seven essential steps that every breakout trader should adhere to. 📚To provide a brief overview of breakout trading, this approach revolves around...

FortuneAI

Scalping refers to a trading technique where small profits are taken on a frequent basis by entering and exiting positions multiple times throughout the day. For beginner scalpers, it is advisable to trade with the trend. To identify the trend, it is recommended to set up weekly and daily time charts and analyze trend lines, Fibonacci levels, and moving averages....

FortuneAI

In the unpredictable world of financial markets, there exists a select group of investors who possess an extraordinary ability to navigate through the chaos and emerge victorious. These individuals, known as the "smart money," seem to possess an innate understanding of the market's pulse. Today, we dive into the mysterious world of the smart money and explore the...

FortuneAI

Embarking on a journey to become a successful professional trader requires dedication and a solid understanding of the markets. In this article, we'll explore three essential steps to guide you towards your trading goals. Step 1: Establish a Solid Foundation To begin, it's crucial to educate yourself about the financial markets. Learn various trading strategies,...

FortuneAI

Successful traders share a common set of habits that propel them towards consistent profits. In this article, we will explore a collection of powerful trading habits that can revolutionize your approach to the market: Embrace Lifelong Learning: The financial markets are a vast and ever-changing landscape. Stay ahead of the curve by dedicating yourself to...

FortuneAI

In the quest for financial success through trading, many are searching for the elusive key that unlocks the door to wealth. After years of trial and error, I have decoded the only proven way to become rich through trading. It's not about luck or overnight miracles; it's about adopting a mindset and implementing a strategy that consistently leads to...

FortuneAI

Mastering the Path to Becoming an Alpha Trader: Essential Principles for Success Exercise Discipline: Avoid Overtrading Maintaining discipline is crucial in the fast-paced world of trading. Resist the temptation to trade excessively, as quality always trumps quantity. Remember, patience is a virtue, and waiting for high-quality setups will yield better...

FortuneAI

When it comes to the exciting world of trading, everyone wants to discover the elusive formula for consistent profits. As a seasoned trader, I have kept a powerful strategy close to my chest, but today, I am breaking my silence. One of the most critical aspects of trading is risk management. While it may not be the most glamorous topic, it is undoubtedly the most...

FortuneAI

The cryptocurrency market is a dynamic and volatile space that offers tremendous opportunities for savvy traders. In this article, I will share my personal journey of transforming a modest $1,000 investment into an impressive $2,000,000 by focusing on risk management, analyzing higher timeframes (HTF), and sniping entries on lower timeframes (LTF). I will also...

FortuneAI Updated 

BTC bounced from it's strong 25800 - 26000 Support and successfully broke out 27400 - 27600 level due to US debt ceiling news Currently RSI is highly overbought

FortuneAI

BTC on crucial support on daily timeframe. trade carefully

FortuneAI

f you are relatively new to trading crypto currencies, then this tutorial is what you need. In this tutorial, I will try to explain how you can use crypto to grow your capital consistently everyday. Don’t just Hodl Hodling (a.k.a. holding currencies) is the strategy of buying some crypto asset (e.g. Litecoin) and holding it for many days, weeks, months or even...

FortuneAI

Japan’s famed ‘bedroom’ trader Takashi Kotegawa is one of its most famous intra day traders,who made a fortune from trading stocks on the Tokyo Stock Exchange in the early 2000s. Apparently he grew a small account of roughly $13,600 to $153 million in just about 8 years! In fact sometimes he even made millions per trade. Now, driven by ambition, he sets his sights...

FortuneAI

"Trade what you see, not what you think. Successful risk management requires confident biases and the courage to stick to your strategy even when the market behaves unexpectedly. As traders, we must adapt and manage the market to minimize risk and maximize profits. The market is the ultimate judge, jury, and employer." "No position is a position. Before entering...

FortuneAI

Many aspiring traders give up within six months of starting because they enter the market with unrealistic expectations, fueled by movies like "The Wolf of Wall Street," thinking they'll get rich quick. However, success in trading requires persistence and consistency. It's important to understand that overnight success is rare. Stick to your trading plan and...

FortuneAI

As a professional trader, I've observed that 99% of traders experience losses not because of their skills or knowledge, but due to their bad trading habits. Today, we'll address some of these habits and propose effective fixes to overcome them. 1) FOMO (Fear of Missing Out): Problem: The fear of missing out on potential gains prompts traders to enter trades...