Quotes from “Trading for a Living” by Alexander Elder – Bramesh’s Technical Analysis

I keep reading through Trading For Living one of the best book ever written, This time i have complied quotes for the benefit of my readers.

“The market does not know you exist. You can do nothing to influence it. You can only control your behavior.”

“The ocean does not care about your welfare, but it has no wish to hurt you either. You may feel joy on a sunny day, when a gentle wind pushes your sailboat where you want it to go. You may feel panic on a stormy day when the ocean pushes your boat toward the rocks. Your feelings about the ocean exist only in your mind.” 

“A sailor cannot control the ocean, but he can control himself. He studies currents and weather patterns. He learns safe sailing techniques and gains experience. He knows when to sail and when to stay in the harbor”

“When joy sweeps you off your feet, you will make irrational trades and lose. When fear grips you, you’ll miss profitable trades. A professional trader uses his head and stays calm. Only amateurs become excited or depressed because of their trades.”

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