Alexander Elder Quotes
Best 7 Trading for a Living Quotes by Alexander Elder
Trading for a Living Quotes
“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.
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“Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.”
“Markets are actually set up so that most traders must lose money.”
“Remember, your goal is to trade well, not to trade often.”
“The market does not know you exist. You can do nothing to influence it. You can only control your behavior.”
“Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.”
“When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.”
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“Risk is your friend. Don’t be afraid of it. Understand it. Dance with it.”
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