Essential Components Quotes by Alexander Elder

More Quotes by Alexander Elder

Alexander Elder has 10 quotes on this site. A few more worth reading:

• The goal of a successful trader is to make the best trades. Money is secondary.
• Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.
• Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and…
• 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.
• Losers bring money into the market which is necessary for the prosperity of the trading industry.
• Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management.…
• To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time…

See all 10 quotes by Alexander Elder »