In the capital markets money flows in these continual directions… Money flows from those that do not know how to manage risk to those that do. Profits flows from those who fight trends to those who follow them. Money flows from those who buy option contracts that have terrible odds of being profitable to […]
Are You On The Right Side Of The Flow Of Profits? 10 Places Profits Flow Read More »
System What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, CAN SLIM, option trader, another, or a combination? What time frame will I be trading on? What are my trading rules? What signals my entry? What will signal my exit? Do I use a trailing stop or
20 Questions For Help Building a Trading Plan Read More »
While $SPY ended 2013 with an over 32% annual return and seemed to keep going up day after day with buying the dip as the name of the game last year. While ‘the dip” moved around to the 10 day SMA, the 21 day EMA, the 50 day SMA, even the 100 day simple moving
The $SPY Chart’s Biggest Technical Resistance Level Read More »
Longer term uptrend still very healthy and intact, long term trend followers have been able to let long equity positions run for over a year now. Short term we are still a little overbought here and it would be healthy for a retracement to the 21 day or 50 day or some base building in
Seven Things I See On the $SPY Chart Read More »
@SJosephBurns my two mentors were most humble yet confident and focused in front of the screen, never arrogant — Conquest (@ConquestFund) January 3, 2014 How new traders start out –> pic.twitter.com/PP61JgrW8d — Steve Burns (@SJosephBurns) January 3, 2014 "I became over-confident, and that is the most dangerous state of mind anyone can develop in the
My Favorite Trading Tweets of the Week Read More »
A great conversation broke out in my trading group over the past few days when one member asked: “I have a question for some of you guys….right now I’m a part time trader with a full time job. I’d love to be
12 Things To Consider Before Trading Full-Time Read More »
When a new trader is in the process of building their capital for a trading account there are a few financial mistakes that they make that can really keep them from having the ability to ever build the necessary trading account to even be able to trade with in the first place. Here
Building Your Trading Capital: 5 Pieces of Advice Read More »
Here are the Blog posts that received the most Facebook likes on NewTraderU in 2013: (Each title is a link to that blog post). #1 The Magic of Compounding Your Returns 142 likes #2 A Trader’s Most Important Question 126 likes #3 The Top 25 Trading Books That Helped Readers Make Money
Top 10 Most Liked Blog Posts of 2013 On NewTraderU Read More »
The following titles can be searched on this website for the article by the same name. Advice for New Traders The Top 10 Questions Traders must ask to Protect Them from Themselves. Surviving the Trading Game The Perfect Trader The Five Most Important Questions an Option Trader Better Know. How to trade in 3D 10
When you are a new trader the things that are emotionally comfortable to do and feel good are almost always the wrong thing to do. Trading is a counter intuitive endeavor and that is why 90% do not make money trading, “Part of the “If it feels good, don’t do it” rule of trading. When
Trader: If It Feels Good Don’t Do It! (Ten Things) Read More »