Author name: Steve Burns

                                                                                                                                                                                                                                                                                                The day the trader stops blaming the markets, politicians, or ‘They’ and ‘Them’ for losses and starts taking responsibility for their own trading could be the day that they begin to change from losing money to making money. In the end the market is like the ocean and we are the surfer, we choose

                                                                                                                                                                                                                                                                                                          One of the toughest thing a new trader will have to do is come back from their first blown up account. Losing 50% or more of an account or even the whole thing is very hard on the new trader’s psychology and nerves. Most never come back form this. There is a big difference

                                                                                                                                                                                                                                                                                                       Two things that many new traders and even experienced traders waste their time on is regret and hindsight. They look at charts and see the past so clearly on them, they should have bought here, they should have sold there. Why didn’t they? The charts look so obvious in hindsight. We really should

What a wild week for the indexes last week. On Monday SPY rested slightly under the 50 day, then Tuesday $SPY collapsed from the 50 day and found support at the 100 day. Wednesday SPY went over the edge as the fear of a stalemate in Washington D.C. reached its zenith, but the SPY was

In over a dozen years of learning what works and what doesn’t in profitable trading I believe there are many paradoxes. Most of trading is counter intuitive and new traders usually enter the market looking for predictions, sure things, hot tips, and to know what to buy. In reality it is following price action as