Alexander Elder Quotes

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

Alexander Elder

#2. 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 regrets and wishful thinking.

Alexander Elder

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

Alexander Elder

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

Alexander Elder

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

Alexander Elder

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

Alexander Elder

#7. 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.

Alexander Elder

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

Alexander Elder

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

Alexander Elder

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

Alexander Elder

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

Alexander Elder