Alexander Elder Quotes

Enjoy the top 12 famous quotes, sayings and quotations by Alexander Elder.

Alexander Elder Quotes

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

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

— Alexander Elder

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

— 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, 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

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