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

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

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

- Alexander Elder

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

- Alexander Elder

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

- Alexander Elder

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

- 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