"The goal of a successful trader is to make the best trades. Money is secondary."
"The market does not know you exist. You can do nothing to influence it. You can only control your behavior."
Source: Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.39, John Wiley & Sons
About the author
Alexander Elder
Trader and Author
Alexander Elder is a renowned trader and author known for his influential work, 'Trading for a Living,' which emphasizes the psychological aspects of trading.
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"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."
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"Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds."
"When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything."
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