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.
The goal of a successful trader is to make the best trades. Money is secondary. - Alexander Elder
The goal of a successful trader is to make the best trades. Money is secondary.
- 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
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…
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
Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the …
When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything. - Alexander Elder
When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.
The market does not know you exist. You can do nothing to influence it. You can only control your behavior. - Alexander Elder
The market does not know you exist. You can do nothing to influence it. You can only control your behavior.
The markets are unforgiving, and emotional trading always results in losses. - Alexander Elder
The markets are unforgiving, and emotional trading always results in losses.
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
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…
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
Successful trading depends on the 3M`s - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space.…
Remember, your goal is to trade well, not to trade often. - Alexander Elder
Remember, your goal is to trade well, not to trade often.
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