✅ The 3 Pillars of Successful Trading – Insights from Dr. Alexander Elder
In his bestselling book, Dr. Alexander Elder outlines three essential pillars for success in trading:
1️⃣ Analysis (The Mind):
This includes technical tools like MACD, Force Index, and volume-based indicators. Elder emphasizes that no single indicator is enough—you must see the full picture.
2️⃣ Money Management:
This is your key to survival. Never risk more than 2% of your capital on a single trade. Your first goal isn’t profit—it’s staying in the game.
3️⃣ Psychology (Emotional Discipline):
Your worst enemy is yourself. Fear, greed, revenge, and hesitation ruin more traders than bad analysis. Elder advises keeping a trading journal to track your emotional state with every trade.
🔑 The Bottom Line:
Without balance between these three pillars, even the best strategy will eventually fail.
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🔍 This is information, not financial advice. Always think for yourself before making decisions.
