Alexander Elder

Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

— Alexander Elder

Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.

— Alexander Elder

Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful…

— Alexander Elder

Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.

— Alexander Elder

“Markets are actually set up so that most traders must lose money”

— Alexander Elder

Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and…

— Alexander Elder

Successful trading depends on the 3M`s - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional…

— Alexander Elder

When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.

— Alexander Elder

The goal of a successful trader is to make the best trades. Money is secondary.

— Alexander Elder

Losers bring money into the market which is necessary for the prosperity of the trading industry.

— Alexander Elder

To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time…

— Alexander Elder

Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management.…

— Alexander Elder

Remember, your goal is to trade well, not to trade often.

— Alexander Elder

The markets are unforgiving, and emotional trading always results in losses.

— Alexander Elder

The market does not know you exist. You can do nothing to influence it. You can only control your behavior.

— Alexander Elder