@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 »
The long term up trend and bull market is still very healthy and intact no doubt. Short term trend traders are highly likely to get a better entry point if they exit here and wait for a pull back to near term support levels or a dip. The 70 RSI has been resistance all year
Ten Fast Facts About the $SPY Chart Read More »
I sold my $SPY positions Friday that I had entered at the end of day after the 50 day bounce with full size. I also traded $UPRO in my aggressive account from $89.44 to $94.97. I am currently flat and in cash with no positions. This is an exit due to the appearance
Why I Sold My Stock on 12/27/13 Read More »
3.75% max total exposure helps with limiting risk in cases of positive correlations… so my rule is 1% max per asset, 3.75% max total. — Trade Like a Casino (@TradeLikeCasino) December 22, 2013 Change with changing conditions. There's no right or wrong, only profit or loss. — Peter Ghostine (@PeterGhostine) December 23, 2013 Bull Markets
Top Trading Tweets of the Week Read More »
Most traders can make some quick money in the markets -it is easy to have a few winning trades, but to keep it after you make it and then to continue to make more, with the right trades at the right time time in the right market, and in the right way-that is not
Top Ten Traits Of Amateurish Traders. Read More »