So many traders look for a winning trading system not understanding that even after they find one that making a few crucial mistakes can turn a winning system into a losing one. Once you have a system that seems robust from historical data, chart studies, or back testing be careful not to make these crucial […]
Ten Things that Ruin a Trading System Read More »
Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, stubbornness, reading a balance sheet, or stock picking is not on here. It is all a game of risk management, mind, and a robust system. Everything else is just noise. Passion for trading, only passion
Ten Ingredients That Make A Great Trader Read More »
CURRENT POST FACEBOOK TWITTER ARCHIVES BOOKS For an invite to my private facebook trading group e-mail me at stephenburns@bellsouth and request to be sent an invite. 2013 Blog Posts Table of Contents Top 10 Most Liked Blog Posts of 2013 On NewTraderU 2012 Blog Posts Table of
NewTraderU Home Page Read More »
One thing that trips up new traders is that they are surprised by the emotions they experience when they start trading with real money. Their ego engages and they don’t want to be wrong, more than they want to win over time. In my opinion, trading is primarily won or lost in the mind. Mental
Powerful Emotions of a Winning Trader Read More »
We are like snowballs that roll along, building size and momentum as we go. Winning leads to more winning; money creates more money. Equally, a negative sequence of events can lead to a trader’s mental ruin, as their thoughts skew to the negative. Below is a list of mental behaviors that can take a new
A Trader’s Downward Spiral Read More »
The question is: “Where will your account be with a string of 10 consecutive losses?” Some traders will be out of business, others will be down 10% from their equity peaks. The truly naive or arrogant trader will think that 10 straight losses will never happen to them. Even with very high winning percentage system
7 Steps for Surviving a Drawdown Read More »
The market as a whole has slipped into a slower trading pace as summers wind down. Failure to make higher highs has disappointed many bulls. Some individual stocks have also frustrated many traders with wild volatile action like $AAPL failing at the 200 day, $PCLN rejected hard as it approached the $1,000 level, $FB
10 Fast Facts about the $SPY Chart & Leading Stocks Read More »
Social Media is a fun place for traders to interact with other like minded traders, but there are many people online that for whatever reason want to try to spoil the fun. They always bring a negative wake wherever they go. They are more interested in tearing people down than adding value to
The 10 Common Habits of Trading Trolls Read More »
Most of the best years that most of the “Market Wizards” and the best traders that I know had were around 100% annual returns. That usually happens in unique environments perfectly suited for a traders specific trading method. Momentum stock traders during the internet bubble and leveraged trend followers using options of futures that are
The 100% Return Employees May Be Missing Read More »
