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 ElderLosers bring money into the market which is necessary for the prosperity of the trading industry.
Alexander ElderThe market does not know you exist. You can do nothing to influence it. You can only control your behavior.
Alexander ElderSuccessful 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