Steve Burns, Author at New Trader U

My Favorite Tweets of the Week: 6/26/15

Market makers be like… pic.twitter.com/jWkFWNBBhX — TradingMemes (@tradingmemes) June 26, 2015 Your trading plan smells fishy… cc: @TradingMemes http://t.co/TeET4kcsqf pic.twitter.com/FLdtYykDT0 — TradingMemes (@tradingmemes) June 26, 2015 Instagram game strong pic.twitter.com/ogMh5sUnYN — Wu-Tang Financial (@Wu_Tang_Finance) June 26, 2015 My generation’s Tinder was calling the girl’s home phone and hanging up when her dad answered. That took […]

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Review for Trading Options by Greg Harmon

trading books / Steve Burns

Greg Harmon has written an informative book for those who are committed to learning the basics of the mechanics of trading. I liked his routine of weekend chart studies, and developing a trading plan based on price action, not his opinions or predictions. He shows readers

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Why Traders Do Dumb Things

Trading Psychology / Steve Burns

Why do smart traders do dumb things? It is usually an issue with overwhelming emotions, and not intellect, when bad trades happen. Here are a few of the primary reasons that traders struggle. ~The biggest cause of trading a position size that is too big? It’s the greed of wanting the big win that makes

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7 Reasons to Never Give Up Trading

Trading Psychology / Steve Burns

Early on, new traders will want to give up. Particularly when they figure out that the first few years are more about studying and paying tuition in losses, than in making money. Trading is a two-sided competition, and you have to be on the right side of the trade to make profits. Not only does

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4 Free Trading Books on Amazon Kindle 6/22/15

FOREX, trading books / Steve Burns

Here are four trading books that are currently free on Amazon Kindle: BULLSH*T FREE GUIDE TO IRON CONDORS Kindle Edition Options Trading Successfully for Beginners Stock Trading: Tips for Trading Stocks FOREX Trading Simplified: Beginner’s Step-by-Step Guide

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10 Fast Facts About the $SPY Chart: 6/21/15

Chart Reading / Steve Burns

$SPY ran into one of the key 2015 resistance levels at $211.55 Friday. The stock market is still range-bound, with a 2.56% $SPY return in 2015. For the last two months, the dip buying zone has been $207 on $SPY. This market continues to be a swing trader’s market, with a lack of a breakout

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My 5 Favorite Trading Articles: 6/20/15

Trading Articles / Steve Burns

How To Know Whether Emotions Affect Your Trading By Rolf @Tradeciety Greek Financial Crisis: Why Traders Should Tread Lightly On Opinions By Andrew Nyquist When Strengths Are Weaknesses And Weaknesses Are Strengths By Brett Steenbarger Uncertainty is not the same thing as risk By Seth Godin Hedge Fund Market Wizards by Jack Schwager

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My Favorite Tweets of the Week: 6/19/15

Tweets, Twitter / Steve Burns

The reason we're all getting sick of the Greek drama is they haven't killed off any main characters yet and its already season 5. — Downtown Josh Brown (@ReformedBroker) June 15, 2015 The year is 2065: -Fed Chairman Steve Liesman III swears first rate hike in 60 years will take place in December -Greece deal imminent

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6 Trading Wizards to Follow on Twitter

Market Wizard / Steve Burns

Here are trading professionals, market wizards and millionaires, that are on Twitter and share with their followers. These are real-deal traders that can add incredible value to your tweet stream. Algorithms make better decisions than humans. Our biases get in the way & past performance cannot predict results. http://t.co/kz34SOPKKc — Jerry Parker (@rjparkerjr09) June 18,

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10 Solutions for the Crisis in Greece

Funny / Steve Burns

They sue Brad Pitt for unreceived royalties for his part in the movie, “Troy”. They sue Michigan State for the use of “Spartans”, and USC for calling themselves the “Trojans”. They sue the creators of the movie “300”, despite the fact that it was all computer generated. They sell the Parthenon. They sue all democratic

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Author name: Steve Burns