✅ The Difference Between the Professional Trader and the Amateur – Insights from Dr. Alexander Elder
In an important chapter of his book, Elder explains the real difference between the professional trader and the amateur, and the difference is not in intelligence, but in behavior and discipline.
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1️⃣ The Amateur Trader:
Enters the market out of enthusiasm or greed.
Has no plan, nor does he calculate the risk size.
Doubles down on trades when he loses and tries to "get revenge" on the market.
Quickly influenced by news and people's opinions, and changes his strategy daily.
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2️⃣ The Professional Trader:
Enters the market with a clear plan: when to enter, when to exit, how much to risk.
Accepts loss as a natural part of the job.
Psychologically disciplined, and records every trade and analyzes his performance regularly.
Works with a businessman's mindset, not a gambler's.
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🧠 Elder says:
> "The market is a tough school, but it rewards those who work with discipline."
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🔍 This information is not a recommendation, and the market always carries risks, think with your mind and make your decision with your own hands.