13+ Alexander Elder Quotes On Education

Alexander Elder is a trader, investor, and doctor of psychology. He has written several books on trading and investing, including Trading for a Living, Come into My Trading Room, and The New Trading for a Living. He is also the founder of financial education company Elder.com. Following is our collection on famous quotes by Alexander Elder on leadership, education, love.

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 mass psychology of the markets. — 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

When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything. — 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 thinking. — Alexander Elder

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

Losers bring money into the market which is necessary for the prosperity of the trading industry. — Alexander Elder

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

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

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

Life Lessons by Alexander Elder

1. Alexander Elder encourages traders to focus on risk management and developing a trading plan to ensure success.
2. He emphasizes the importance of having a clear set of rules to follow when trading and to maintain discipline when trading.
3. He also stresses the importance of learning from mistakes and continually striving to improve trading skills.