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.

Trading for a Living

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

Trading for a Living

“Markets are actually set up so that most traders must lose money.”

Trading for a Living

“Remember, your goal is to trade well, not to trade often.”

Trading for a Living

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

Trading for a Living

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

Trading for a Living

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

Trading for a Living

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“There are many successful discretionary traders, but there are far more unsuccessful ones.

The biggest reason for this is that the ego is not your friend as a trader. The ego wants to be right, it wants to predict, and it wants to know secrets.

The ego makes it much more difficult to trade well by avoiding the cognitive biases that hinder profits.”


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