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

- Alexander Elder

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

- Alexander Elder

Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the …

- Alexander Elder

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

- Alexander Elder

The markets are unforgiving, and emotional trading always results in losses.

- Alexander Elder

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 thin…

- Alexander Elder

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, an…

- Alexander Elder

Successful trading depends on the 3M`s - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space.…

- Alexander Elder

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

- Alexander Elder