"Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool â€“ remove one and the stool will fall, together with the person who sits on it."

--

Source : Alexander Elder (1993). “Trading for a Living: Psychology, Trading Tactics, Money Management”, p.17, John Wiley & Sons

Alexander Elder

#Fall Quotes #Psychology Quotes #Together Quotes

“Fred Astaireâ€™s got nothing on me.”
“But anything that can be called "rigor" is lost exactly where the things become interesting and non trivial.”
“A man does not truly understand his limitations until he has tested them.”

Source : C.S. Friedman (2001). “In Conquest Born”, p.350, Penguin
“perpetuity in a home is a blanket for the cold years that come with age.”
“She had been looking all along for a friend, and it took her a while to discover that a lover was not a comrade and could never be - for a woman. And that no one would ever be that version of herself which she sought to reach out to and touch with an ungloved hand. There was only her own mood and whim, and if that was all there was, she decided to turn the naked hand toward it, discover it and let others become as intimate with their own selves as she was.”
“We may make progress only by freeing ourselves from the rut of the past, but without this rut an orderly society would hardly be possible in the first place.”

Source : "The Future As History". Book by Robert Heilbroner, Chapter IV, Part 6, The Inertia of History, p. 195, 1960.
“Your only shame is to have shame.”
“You cannot create experience. You must undergo it.”

You may also like:

Edwin Lefevre
Journalist
George Soros
Business magnate
Jack D. Schwager
Author
Jesse Lauriston Livermore
Stock trader
Michael Covel
Author
Peter Lynch
Businessman
Robert Kiyosaki
Investor
Larry R. Williams
William O'Neil
Entrepreneur