Alexander Elder

Alexander Elder

The markets are unforgiving, and emotional trading always results in losses.More Alexander Elder quotes [03/29/2018 05:03:36]
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.More Alexander Elder quotes [03/29/2018 05:03:36]
Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.More Alexander Elder quotes [03/29/2018 05:03:36]
Successful trading depends on the 3M`s - Mind, Method and Money. 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. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.More Alexander Elder quotes [03/29/2018 05:03:36]
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.More Alexander Elder quotes [03/29/2018 05:03:36]

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