Alexander Elder Quotes
Best Come Into My Trading Room Quotes by Alexander Elder
Come Into My Trading Room Quotes
“Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.”
“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.”
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“There are probably hundreds of thousands of trading systems that work. But most people, when given such a system, will not follow it. Why not? Because the system doesn’t fit them. One of the secrets of successful trading is finding a trading system that fits you.”
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