Alexander Elder Famous Quotes
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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.
When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.
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.
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.
The market does not know you exist. You can do nothing to influence it. You can only control your behavior.
