A Quote by Alexander Elder

Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both. — © Alexander Elder
Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.
Most people lose money because of lack of emotional discipline -the ability to keep their emotions removed from investment decisions. Dieting provides an apt analogy. Most people have the necessary knowledge to lose weight-that is they know that in order to lose weight you have to exercise and cut your intake of fats. However, despite this widespread knowledge, the vast majority of people who attempt to lose weight are unsuccessful. Why? Because they lack the emotional discipline.
The best restraint is old-fashioned market discipline, in which financial traders know that they, personally, will lose a ton of money if they take risky bets that don't pan out.
If you lose a race or game in hockey, you lose a game. That's it. If you lose a fight you might lose part of your brain because of the damage.
The game has its ups and downs, but you can never lose focus of your individual goals and you can't let yourself be beat because of lack of effort.
My strength is that I know the game so well. Whatever shortcomings I had because of lack of experience, I could always overcome those because the bottom line was, I knew the game.
Both art and science are bent on the understanding of the forces that shape existence, and both call for a dedication to what is. Neither of them can tolerate capricious subjectivity because both are subject to their criteria of truth. Both require precision, order, and discipline because no comprehensible statement can be made without these. Both accept the sensory world as what the Middle Ages called signatura regrum, the signature of things, but in quite different ways.
I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.
In basketball, there are no trap games. If you walk out on that court and lose a game, it's because the other team beat you. You played poorly. But there's no trap game.
I've always been a very harsh judge of talent because if you don't play the game on both ends of the court, and if you don't play hard every night, I'm probably not going to be in love with you as a player. I'm going to respect you because you're good, but these players are unique.
If the owner of a franchise is approached and promised good money for his team to lose an irrelevant game, he tells his players to lose the game and they don't care because they get paid huge amounts anyway.
I love writing both fiction and memoir. Both have unique challenges; bottom line, fiction is hard because you have to come up with the credible, twisty plot, and memoir is hard because you have to say something true and profound, albeit in a funny way.
You have to be disciplined because if you lose your discipline and lose your shape, we're playing against better players, so they'll take advantage.
The biggest surprise has been making the adjustment after losing a game. In the NBA you could lose tonight and you have to put that game behind you because you have another game the next night.
Community colleges are popular among political leaders of both parties. But because of the lack of funding and a lack of direction, they have lost their critical edge in preparing workers for a 21st-century economy.
I don't like to lose, and that isn't so much because it is just a football game, but because defeat means the failure to reach your objective.
This is going to be a hard task for you, first to attain and then to lose - because you can lose only something which you possess. If you don't possess it, how can you lose it?
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