Who is Alexander Elder?
Alexander Elder is a trader, author and educator who trained as a psychiatrist. His books, including Trading for a Living, connect market analysis with discipline and the way traders manage themselves under uncertainty.
How the method works
His Triple Screen approach examines a trade through different analytical views rather than relying on a single indicator. The larger trend provides context, while shorter-term conditions help organize the decision. Risk control and record keeping remain part of the process.
What makes the approach distinctive
The enduring contribution is treating the trader’s behavior as part of the system. A technically interesting setup can still become a poor decision when the position is too large, the plan changes under pressure or the trader cannot explain the original reason for entry.
Use the playbook to record your timeframe, trend evidence, setup and invalidation. Write the intended response before the outcome is known. Keep notes on decisions as well as prices so that a later review can distinguish a sound process from a fortunate result.Trendstockers takeaway, not an investor quotation
Where it can go wrong
Discipline does not eliminate loss, and several indicators can repeat the same underlying information. This worksheet is our educational interpretation of public ideas. It does not reproduce Elder’s software, prescribe position sizes or replace a complete trading plan.
Read the original sources
Follow the underlying material and form your own view.
- Alexander Elder: official biography ↗
- Elder: tools and public manual ↗
- Elder-disk manual: multi-timeframe screening ↗
Sources behind the facts · 2 additional
Additional references for sourced investor facts in Terminal. These are not claims of verbatim quotations.
