A Quote by Alexander Elder

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

Alexander Elder

Quote Topics

Always Emotional Losses Markets Results Trading Unforgiving

Quote Author

Alexander Elder
Author
Born: 1950

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short.

Victor Sperandeo

The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

Ed Seykota

Anyone who claims to be intrigued by the "intellectual challenge of the markets" is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading is an exercise in self-mastery and endurance.

Ralph Vince

You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, you can't buy more and more because you're sure it's going to bounce. We call that revenge trading.

Josh Brolin

You know how on the evening news they always tell you that the stock market is up in active trading, or off in moderate trading, or trading in mixed activity, or whatever. Well, who gives a

Dave Barry

Trading has taught me not to take the conventional wisdom for granted. What money I made in trading is testimony to the fact that the majority is wrong a lot of the time. The vast majority is wrong even more of the time. I've learned that markets, which are often just mad crowds, are often irrational; when emotionally overwrought, they're almost always wrong.

Richard Dennis

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.

Victor Sperandeo

Markets are unforgiving, and sometimes they move for reasons we can't possibly foresee.

Rick Santelli

I've played in small markets; I've played in big markets. For me, basketball is inside the arena. It doesn't recognize what market you're in. It's about wins and losses, and that's the way I approach it.

Jason Kidd

To avoid whipsaw losses, stop trading.

Ed Seykota

Successful trading depends on the 3M`s - Mind, Method and Money. 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. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.

Alexander Elder

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.

Bruce Kovner

As a society, we have this perception that women are emotional. The research, however, tells us that, on trading floors, that poor risk rises and falls with testosterone levels, and these trading floors are 85 percent, 90 percent male, and these gentlemen tend, under periods of stress, to show off for each other. That's dangerous.

Sallie Krawcheck

Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.

Paul Tudor Jones

I've had losses in my career before, and I've always come back stronger from those losses.

Katie Taylor

The weight of his losses finally too much to bear. But not before he has known the unforgiving light of the equator, a love that exists only in his imagination, and the enduring struggle to capture in words the infinite possibilities of a life not lived.

Anita Shreve

A Quote by Alexander Elder

Quote Topics

Quote Author

Related Quotes

Related Authors