October 2021 - New Trader U

The Complete Guide to Technical Analysis Price Patterns

candlestick patterns cheat sheet, Candlesticks, Chart Patterns, Chart Reading, Technical Analysis / By Steve Burns

Website Articles Table of Contents with Links: What is Technical Analysis? Does Technical Analysis Work? What causes a Chart Pattern? How to Draw Trendlines on a Chart Bullish Pennant pattern Bullish Flag pattern Bearish Flag pattern Rising Wedge pattern Falling Wedge pattern Triangles pattern Symmetric Triangles pattern Ascending Triangles pattern Descending Triangles pattern Cup and …

The Complete Guide to Technical Analysis Price Patterns Read More »

Calculated Risk

Risk Management, Risk Reward Ratio / By Steve Burns

A calculated risk is taken when the probability and size of potential success is estimated along with the magnitude of a possible loss is considered before a decision is made involving the potential of failure. A calculated risk tries to determine if the risk is worth the reward based on the probabilities between success and …

Calculated Risk Read More »

Outside Bar Candlestick Pattern

Candlestick Charts, Candlestick patterns, Candlesticks / By Steve Burns

An outside bar pattern is a two candle pattern that has a large candle engulf a previous smaller candle on a chart by both going above and below the previous candle highs and lows. A bullish outside bar candlestick goes lower than the previous candle lows and then closes higher than the previous candle highs. …

Outside Bar Candlestick Pattern Read More »

Rich Dad Poor Dad Summary

Personal Finance / By Steve Burns

Rich Dad, Poor Dad is one of the best selling personal finance books of all time for its ability to teach the secrets of wealth building through an interesting narrative read. The book tells the story of the financial lessons a young Kiyosaki learned growing up with the contrast between his own dad who was …

Rich Dad Poor Dad Summary Read More »

Current Elon Musk Net Worth 2021 (Update)

net worth, Wealth / By Steve Burns

Elon Musk’s current net worth in October of 2021 is $253.8 billion and he is the richest person in the world at fifty years old according to Forbes. This is over a quarter of a trillion dollars and makes him more wealthy than Mark Zuckerberg and Bill Gates combined. He grew his wealth dramatically this …

Current Elon Musk Net Worth 2021 (Update) Read More »

Reversal Patterns

Reversal pattern / By Steve Burns

Reversal patterns happen when a chart has a strong break from its current trend and its momentum reverses course. This can happen on a trend line break of resistance or support out of a price range, a gap in price, or a long wick candlestick that changes direction and reverses off of highs in an …

Reversal Patterns Read More »

Best Trading Books Of All Time

trading books / By Steve Burns

I have read over 400 trading and investing books in the past 20 years that have given me the principles of profitable trading and allowed me to make money in the markets consistently and build life changing amounts of capital. Here is a list of the ones that were most memorable, useful, and meaningful, along …

Best Trading Books Of All Time Read More »

Bullish Patterns

Candlestick Charts, Candlestick patterns, Candlesticks, Chart Patterns / By Steve Burns

Bullish price action trading creates chart patterns that show uptrends in a market through the buying pressure by traders and investors creating higher highs and higher lows and breakouts to the upside. A bullish chart pattern is a visual record of the votes by bulls that increase price levels over a period of time. There are different …

Bullish Patterns Read More »

Most Popular Social Media Platforms 2021

Stock Market / By Steve Burns

Find more statistics at Statista

What is a Gap in Stocks?

Technical Analysis / By Steve Burns

A gap in stocks is when a chart skips over levels of prices and starts trading higher or lower than the last candle without a direct path through all previous prices. Gaps on charts are momentum signals in technical analysis in the direction of the gap. On an intraday chart if an opening gap versus …

What is a Gap in Stocks? Read More »