every-winner-three-essential-components-sound-individual-psychology-logical

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.

Alexander Elder
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Alexander Elder's Popular Quotes

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

- 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

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 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

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

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

- Alexander Elder

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

- Alexander Elder
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