In his book The New Trading for a Living by Alexander Elder Alexander Elder emphasizes the crucial role of trading psychology in achieving success as a trader. According to Elder, trading is not solely about analyzing charts and indicators but also about understanding and managing the emotions and mindset that influence trading decisions. Here are … Read more
Importance of Trading Psychology The psychology of stock tracking is important because it can help you make better investment decisions. When you understand the psychology of the market, you can better understand why prices move the way they do. This can help you identify opportunities to buy and sell stocks at the right time. Here … Read more
In Alexander Elder’s book The New Trading for a Living by Alexander Elder he introduces a trading strategy known as the “Triple Screen Trading System.” This approach is designed to help traders identify high-probability trading opportunities while minimizing risk. The Triple Screen Trading System consists of three screens or steps that traders should go through … Read more