Saturday, April 3, 2010

Dr Alexda Elder Quotes

You can be free. You can live and work anywhere in the world,
be independent from the routine and not answer to anybody.”

You can succeed in trading. It has been done before, and it’s being
done right now, today, by people who started from scratch, learned to
trade and are making a good living at it. The best ones make fortunes.
Others fail, out of ignorance or lack of discipline. If you work through
this book, ignorance will not be a problem, and you will hear me yell
at you again and again, pointing you towards disciplined, responsible,
professional trading.

Anewcomer to the market faces three paths that lead into a forest
full of treasures and dangers. The first path, for investors, goes
through the sunniest areas. Most of those who take it come out alive,
if not much richer. Another path, for traders, leads into the heart of the
forest. Many travelers disappear, but those who come out look rich.
The third is a shortcut that takes gamblers into the swamp.
How can you tell which path is which? You must choose your way
carefully because if you don’t, you’ll end up on the gamblers’ path,
especially since it crosses both investors’ and traders’ trails. We’ll return
to this question in the chapters on trading psychology.

From this 3 paragraphs written by Elder made me understand that one can be financially free but need to plan well, be disciplined and cautious . I hoped to be the trader someday to be in the heart of the forest :)
currently still trying to finish reading his book

1 comment:

  1. Before you start dreaming of full time trading ..

    http://createwealth8888.blogspot.com/search/label/Education%20-%20Full%20Time%20Trading

    ReplyDelete