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.

Position Sizing- Lessons for Risk Management

Position Sizing: Lessons for Risk Management

Understanding the nuances of position sizing and its implications for risk management is critical for success in trading. This often-overlooked aspect of a trading strategy holds the key to safeguarding your capital and maximizing your potential for long-term profitability. As traders navigate the complex world of the financial markets and their trade execution, managing risk […]

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Lead Goals vs Lag Goals

Lead Goals Vs. Lag Goals

Embarking on achieving our aspirations often involves understanding the nuances between lead and lag goals. This distinction is not just a matter of semantics; it’s the cornerstone of practical goal-setting and achievement. Whether aiming to enhance your personal life, boost your professional career, or improve your health and fitness, grasping the difference between these goals

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Ideal Order Of Investing For High-Income Earners

Ideal Order Of Investing For High-Income Earners

Navigating the tax and investment landscape as a high-income earner requires a strategic and informed approach to optimize your financial resources for maximum growth and security. With so many investment options available, it’s crucial to understand the ideal order and methods to allocate your earnings effectively. You must shelter as much income from taxes as

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10 Reasons Why The Rich Get Richer And Richer-Habits of the Wealthy

How The Wealthy Get Wealthy

To understand how individuals achieve financial prosperity and accumulate significant wealth, you must understand all the various strategies and paths that come into play. The journey of the wealthy often intertwines with economic principles, personal financial management, and the opportunities a capitalist system provides. From savvy investments and entrepreneurial ventures to the disciplined art of

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Middle Class Money Traps That Keep You Trapped in the Rat Race Forever

Middle-Class Money Traps That Will Keep You In The Rat Race Forever

Navigating middle-class finances can often feel like an endless rat race, with numerous traps waiting to keep you running in place. Achieving financial freedom is a goal many aspire to, but it’s all too easy to fall into common pitfalls that hinder progress. This article delves into the most prevalent financial traps the middle class

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Why So Many High Earners Are Not Wealthy

Why So Many High Earners Are Not Wealthy

In today’s financial landscape, it’s a common misconception that high earners automatically equate to wealthy individuals. However, the reality is often far from this assumption. Despite commanding significant salaries, many professionals struggle to build substantial wealth. This paradox raises an important question: why do individuals with high earnings frequently fail to achieve a high net

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Is The Real-Wolf Of Wall Street-Still Rich Today-Jordan Belfort

Is The Real ‘Wolf Of Wall Street’ Still Rich Today? (Jordan Belfort Net Worth 2024)

Jordan Belfort, the infamous’ Wolf of Wall Street’, has long been a subject of fascination and controversy. His rollercoaster journey from a high-flying stockbroker to a convicted criminal and his subsequent reinvention as a motivational speaker raises a compelling question: What is his wealth today? Based on the most updated sources, Jordan Belfort’s current net

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Building Self Discipline and Self Control In Daily Life- The Ultimate Guide

Building Self Discipline and Self Control In Daily Life: The Ultimate Guide

Embarking on the journey of building self-discipline and enhancing self-control is a transformative process that reshapes our daily lives. This comprehensive guide delves into mastering these crucial skills essential for personal and professional success. In a world rife with distractions and instant gratification, understanding and applying the principles of self-discipline and self-control stand as pillars

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Richest Rapper 2024

Richest Rapper 2024

Who is the richest rapper? At the beginning of 2024, the richest rapper in the world was Jay-Z, with an estimated net worth of $2.5 billion, according to Forbes. Making him one of only a few entertainers to become a billionaire. Through his business ventures, Jay-Z became the first hip-hop billionaire in 2019 and was

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Top 10 Richest NBA Players Of All Time-2024

Top 10 Richest NBA Players Of All Time (2024)

In professional basketball, the allure of fame and success on the court is often matched by the financial triumphs off the court through endorsements and business deals. The legacy of the NBA has showcased exceptional athletic talent and remarkable financial acumen. This arena has witnessed players transforming into astute businessmen, leveraging their on-court success into

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