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

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


Alexander Elder
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"Alexander Elder Quotes." Quoteslyfe.com, 2024. Mon. 06 May. 2024. <https://www.quoteslyfe.com/quote/Many-traders-ride-an-emotional-roller-coaster-352688>.





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

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



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.

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.



Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.



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

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



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

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



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.

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.



Remember, your goal is to trade well, not to trade often.

Remember, your goal is to trade well, not to trade often.



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

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



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

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



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

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





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Find the good. It's all around you. Find it, showcase it and you'll start believing in it.

Find the good. It's all around you. Find it, showcase it and you'll start believing in it.



The very essence of leadership is that you have to have a vision. It’s got to be a vision you articulate clearly and forcefully on every occasion. You can’t blow an uncertain trumpet.

The very essence of leadership is that you have to have a vision. It’s got to be a vision you articulate clearly and forcefully on every occasion. You can’t blow an uncertain trumpet.



Well I'm finding it harderto be a gentleman every dayAll the manners that I've been taughthave slowly died awayBut if I held the door open for youIt wouldn't make your day.

Well I'm finding it harderto be a gentleman every dayAll the manners that I've been taughthave slowly died awayBut if I held the door open for youIt wouldn't make your day.



Musical training is a more potent instrument than any other because rhythm and harmony find their way into the inward places of the soul.

Musical training is a more potent instrument than any other because rhythm and harmony find their way into the inward places of the soul.



What do we want from each other after we have told our stories

What do we want from each other after we have told our stories



A woman needs to enjoy life a little bit more. Needs to think about family, needs to think about kids.

A woman needs to enjoy life a little bit more. Needs to think about family, needs to think about kids.



I have a wonderful psychiatrist that I see maybe once a year, because I don't need it. It all comes out onstage.

I have a wonderful psychiatrist that I see maybe once a year, because I don't need it. It all comes out onstage.



I'd be derelict in my duty if I didn't go and continue to use every advantage that I can to promote New York's cause.

I'd be derelict in my duty if I didn't go and continue to use every advantage that I can to promote New York's cause.



Coming back to the topic of computer security, the TCP Wrapper is an example of such a safety net. I wrote it when my systems were under attack by someone who appeared to walk through walls.

Coming back to the topic of computer security, the TCP Wrapper is an example of such a safety net. I wrote it when my systems were under attack by someone who appeared to walk through walls.




Quote Description


This page presents the quote "Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.". Author of this quote is Alexander Elder. This quote is about missing, traders, roller coaster, management, emotional, winning,.