Alexander Elder Quotes
- When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.
- The market does not know you exist. You can do nothing to influence it. You can only control your behavior.
- The goal of a successful trader is to make the best trades. Money is secondary.
- Losers bring money into the market which is necessary for the prosperity of the trading industry.
- Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.
- Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are…
- 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…
- To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on…
- The markets are unforgiving, and emotional trading always results in losses.
- Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.