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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.
         

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
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Other quotes of Alexander Elder


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.



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.



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.



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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There are very little things in this life I cannot afford and patience is one of them.

There are very little things in this life I cannot afford and patience is one of them.



That my philosophy of life is, as far as possible, one of enjoyment. I'm not nihilistic.

That my philosophy of life is, as far as possible, one of enjoyment. I'm not nihilistic.



We can, if we so choose, wander aimlessly over the continent of the arbitrary. Rootless as some winged seed blown about on a serendipitous spring breeze.

We can, if we so choose, wander aimlessly over the continent of the arbitrary. Rootless as some winged seed blown about on a serendipitous spring breeze.



The warfare between the unaroused male and female is constant and ferocious. Each blames the other for his loss of soul.

The warfare between the unaroused male and female is constant and ferocious. Each blames the other for his loss of soul.



Flyer than the rest but I don’t rest I keep goin

Flyer than the rest but I don’t rest I keep goin



Spiritual truth should never be sold - those who sell it injure themselves spiritually.

Spiritual truth should never be sold - those who sell it injure themselves spiritually.



I've been able to perform in front of thousands of people on stage in a character that's nothing like me. I'm very shy.

I've been able to perform in front of thousands of people on stage in a character that's nothing like me. I'm very shy.



When I was young, I flirted with the idea of a career in journalism on one hand and politics on the other.

When I was young, I flirted with the idea of a career in journalism on one hand and politics on the other.



In truth we need to change the society itself, men as well as women, to change everything.

In truth we need to change the society itself, men as well as women, to change everything.



The Lord will never permit me or any other man who stands as president of this church to lead you astray.

The Lord will never permit me or any other man who stands as president of this church to lead you astray.




Quote Description


This page presents the quote "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.". Author of this quote is Alexander Elder. This quote is about analysis, mass, beginners, three, focus, space, psychology, trading, feelings,.