Steve Burns, Author at New Trader U

Top Trading Tweets of the Week 10/30/15

$VRX I’m strangely attracted to this chart.. Then I slap my hand ? pic.twitter.com/WGs0FCfTg3 — DK1 (@canuck2usa) October 30, 2015 perspective pic.twitter.com/aISgjbgcxv — StockCats (@StockCats) October 28, 2015 and that’s why they call it earnings roulette pic.twitter.com/kMGqad68qj — StockCats (@StockCats) October 27, 2015 This Market Is Making Me Nervous… pic.twitter.com/60mrGk1VCq — StockCats (@StockCats) October 25, […]

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The 5 Best Trend Following Books

Uncategorized / Steve Burns

Here are 10 trend following principles and 5 trend following books to get you started in the world of reactive technical trend following. You shall learn from successful trend following fund managers to make big returns int he market. You shall follow the trend only, and have no guru, opinion, or prediction that you bow

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Screen Stocks Like a Market Guru

Market Wizard / Steve Burns

A new website platform that lets traders see the stocks that would be chosen right now by investment legends based on algorithms that filter for their historical parameters, I’m happy to introduce you to Meet Invest. Users can now see the stocks that Warren Buffett, Marty Zwieg, Peter Lynch, or William J.

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10 Facts About the Market Indexes $SPY $QQQ $IWM

Chart Reading / Steve Burns

$QQQ and $DIA are both over their 200 day SMAs but also over the 70 RSIs the risk reward is in the favor of short sellers here. The charts look more like the top of a downtrend than the beginning of a new uptrend at this point in time. Buying dips back to the 200

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Trading Tweets of the Week 10/23/15

Tweets, Twitter / Steve Burns

$SPX up +10.8% from the low 19 trading days ago +203 points bringing the YTD gain to +0.7% — StockCats (@StockCats) October 23, 2015 most bullish analyst on the street taking a victory lap with the $SPX up less than 1% on the year — StockCats (@StockCats) October 23, 2015 hold my beer while I

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Book Review: Following the Trend

trading books, Trend Following / Steve Burns

Author Andreas Clenow has done an outstanding job writing a landmark book for readers interested in systematic trend following of futures. He gives basic systematic trend following strategies with entry and exit parameters, position sizing, and shows the watch list for futures markets needed for proper diversification. He explains systems based on breakouts and moving

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The 10 Troubles in Bull Town

Bull Market / Steve Burns

$SPY $DIA and $IWM stay trapped under their 200 day moving averages. The daily RSI will be near overbought if they are able to breakout over their 200 days because of the speed of the rally off the bottom. The FANG group of leading stocks all have toppy charts here being rejected near overbought levels.

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A Traders 10 Steps from Amateur to Pro

Trading Plan, Trading Psychology / Steve Burns

Here are the ten steps that show you have moved from a newbie trader to trading more like a professional: You take you stop losses with little stress or emotional turmoil. This is a sign you are trading with the right position size and accepted losses as part of doing business. You have stopped taking

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The Last $SPY Resistance Levels 10/18/15