Successful trading depends on the 3M's - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each… — Alexander Elder Copy Share Image
Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds. — Alexander Elder Copy Share
Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both. — Alexander Elder Copy Share
Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is… — Alexander Elder Copy Share
Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions. — Alexander Elder Copy Share
Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass… — Alexander Elder Copy Share
Successful trading depends on the 3M's - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They… — Alexander Elder Copy Share
When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything. — Alexander Elder Copy Share
The goal of a successful trader is to make the best trades. Money is secondary. — Alexander Elder Copy Share
Losers bring money into the market which is necessary for the prosperity of the trading industry. — Alexander Elder Copy Share
To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy… — Alexander Elder Copy Share
Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials… — Alexander Elder Copy Share
The markets are unforgiving, and emotional trading always results in losses. — Alexander Elder Copy Share
The market does not know you exist. You can do nothing to influence it. You can only control your behavior. — Alexander Elder Copy Share
