Alexander Elder Quotes & Sayings

Most private traders on a losing streak keep trying to trade their way out of a hole. A loser thinks a successful trade is just around the corner, and that his luck is about to turn. He keeps putting on more trades and increases his size, all the while digging himself a deeper hole in the ice. The sensible thing to do would be to reduce your trading size and then stop and review your system. — Alexander Elder

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

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

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

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

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

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

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

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

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