Alexander Elder Quotes About Trade

• The goal of a successful trader is to make the best trades. Money is secondary.

  Alexander Elder

  Success, Money, Goal

• Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

  Alexander Elder

  Business, Odds, Challenges

  Alexander Elder (2002). “Come Into My Trading Room: A Complete Guide to Trading”, p.12, John Wiley & Sons

• 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

  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

• 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

  Successful, Thinking, Ice

• Remember, your goal is to trade well, not to trade often.

  Alexander Elder

  Goal, Remember, Trade

  Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.53, John Wiley & Sons

• facebook
• twitter
• googleplus
• email
• linkedin

• facebook
• twitter
• googleplus
• email
• linkedin