Alexander Elder Quotes

On this page you can find the TOP of Alexander Elder's best quotes! We hope you will find some sayings from Author Alexander Elder's in our collection, which will inspire you to new achievements! There are currently 14 quotes on this page collected since 1950! Share our collection of quotes with your friends on social media so that they can find something to inspire them!
All quotes by Alexander Elder: more...
  • Losers bring money into the market which is necessary for the prosperity of the trading industry.

    Alexander Elder (2014). “The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management”, p.5, John Wiley & Sons
  • Remember, your goal is to trade well, not to trade often.

    Goal   Remember   Trade  
    Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.53, John Wiley & Sons
  • Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.

    Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.1, John Wiley & Sons
  • Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.

    Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.3, John Wiley & Sons
  • Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

    Alexander Elder (2002). “Come Into My Trading Room: A Complete Guide to Trading”, p.12, John Wiley & Sons
  • The markets are unforgiving, and emotional trading always results in losses.

    Alexander Elder (2014). “The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management”, p.16, John Wiley & Sons
  • Successful trading depends on the 3M`s - Mind, Method and Money. 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. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.

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

    Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.39, John Wiley & Sons
  • 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.

  • 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.

    Regret   Real   Eye  
    Alexander Elder (2014). “The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management”, p.3, John Wiley & Sons
  • The goal of a successful trader is to make the best trades. Money is secondary.

    Success   Money   Goal  
  • 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 like three legs of a stool – remove one and the stool will fall, together with the person who sits on it.

    Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.17, John Wiley & Sons
  • When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.

    Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.11, John Wiley & Sons
  • 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 (2002). “Come Into My Trading Room: A Complete Guide to Trading”, p.46, John Wiley & Sons
Page 1 of 1
We hope you have found the saying you were looking for in our collection! At the moment, we have collected 14 quotes from the Author Alexander Elder, starting from 1950! We periodically replenish our collection so that visitors of our website can always find inspirational quotes by authors from all over the world! Come back to us again!
Alexander Elder quotes about: