Author name: Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.

5 HABITS THAT CHANGED MY LIFE

5 Habits That Changed My Life

There’s something truly transformational about habits. They’re the unseen architects of our lives, silently building and shaping our daily routine and destiny. Embracing good habits can be a game-changer; it’s how you chose your path in life. Unfortunately, too many people fall into the trap of letting their circumstances or impulses choose their habits and …

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8 Charlie Munger’s SMARTEST FRUGAL LIVING Habits YOU Need to Start NOW

8 of Charlie Munger’s Smartest Frugal Living Habits You Need to Start Now

In the world of investing, few names command as much respect and admiration as Charlie Munger, the vice chairman of Berkshire Hathaway. While Munger is best known as a genius with his investment strategies, his philosophy extends far beyond the stock market. Munger’s frugal lifestyle and habits provide valuable insights for anyone seeking to manage …

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30 Cognitive Biases & Psychological Misjudgments (Do You Know Thyself?)

30 Cognitive Biases & Psychological Misjudgments (Do You Know Thyself?)

Cognitive biases and psychological misjudgments are inherent ‘faults’ in our thinking process that can affect our decision-making abilities and perceptions. They have deeply embedded patterns of human thought and behavior that can lead us to perceive reality inaccurately and make irrational choices. Cognitive biases are systematic errors in thinking that can occur when we process …

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The Learning Process- 4 Stages of Competence

The Learning Process: 4 Stages of Competence

There’s a fascinating journey our brains undertake when acquiring a fresh skill. In a world that praises overnight success, it’s easy to forget that this process, commonly termed the “4 stages of competence,” is gradual and ongoing. It begins with unconscious ignorance, travels a path of conscious efforts, and culminates in unconscious competence, the stage …

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Top 7 Beginner Investing Mistakes (DON'T DO THIS)

Top 7 Beginner Investing Mistakes (DON’T DO THIS)

Investing can be an absolute minefield, especially when you’re just starting out. There’s an overwhelming amount of information, and everyone seems to have their own take on what’s best. The road to investing success is often littered with missteps and pitfalls. To help you navigate this confusing world, let’s delve into seven common blunders that …

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Sun Tzu Quotes: Lessons from The Art of War (Powerful Warrior Quotes)

Ancient wisdom often holds relevant lessons for our modern lives. One such source of profound insights is Sun Tzu’s ‘Art of War’, a masterpiece not confined to the battlefield. This classic is a treasure trove of strategies that can illuminate our path in business and investing helping us navigate challenges and seize opportunities. Let’s delve …

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Charlie Munger’s Advice on Investing and Life Choices that Make a Person Wealthy

Charlie Munger’s Advice on Investing and Life Choices that Make a Person Wealthy

Let’s take a trip together inside the wisdom of Charlie Munger, a seasoned investor and business legend. Not only does he have an impressive record of financial success as Warren Buffett’s right-hand man at Berkshire Hathaway, but he also shares his insights about the pathway to wealth and fulfillment in life. Learning: The Most Crucial …

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Open-Minded vs Closed-Minded

Open-Minded Vs Closed-Minded

Journeying through the complexities of life, we often cross paths with two contrasting kinds of people: those who embrace change with open arms and those who prefer the comfort of the familiar. This dichotomy of open-minded and closed-minded individuals impacts their personal growth and approach to interpersonal relationships and decision-making. Let’s explore the nuances between …

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