• November 8, 2011

Alexander Elder Talks About Trading Psychology

by Donald Harder

Alexander Elder, author of Trading for a Living, discusses the effects of group think and other ways your emotions can get the best of you when you are in a trade.

Highlights of the Alexander Elder lecture video include:

• Trading psychology
• Group think defined
• Short stick analogy
• Free money analogy
• Avoid group think by making trade decisions when the markets are closed
• Write down your trade decisions
• Keep a trading diary

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Tags: alexander elder emotions psychology group stock market psychology stock trading emotions stock trading psychology trade decisions trader psychology