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.

mind maze

21 Mind Traps: The Ultimate Guide To Your Most Common Thinking Errors

Psychology /

What is a Negative Mental Model (Mind Trap)? Mental models are frameworks of understanding that help us make sense of the world around us. They are simplified representations of complex concepts, processes, and systems that allow us to process information and make decisions more efficiently. A negative mental model can become a mind trap, limiting […]

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human nature 2

The Laws of Human Nature by Robert Greene (Detailed Summary)

Psychology /

In his book The Laws of Human Nature, author Robert Greene explores the laws from which humans primarily operate. It’s a  fascinating, enlightening, and interesting read that can help readers understand which laws drive others’ or your behavior during interactions and decision-making. This book looks into motivations, emotions, ego, biases, and defense mechanisms that drive

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Rich Man Poor Man

What Really Makes The Rich Get Richer And The Poor Get Poorer (The Five Laws Of Gold)

Wealth /

“For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away even that he hath.” – Matthew 13:12  Even since biblical times, before the advent of large-scale capitalism and big government, people understood that gifts were given to the rich and taxes

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executive personality 2

ESTJ Explained: What It Means to be the EXECUTIVE Personality Type

personality types /

ESTJ Meaning The Myers-Briggs Type Indicator (MBTI) is a widely used tool that helps people understand their personalities and how they interact with others. The MBTI is a personality test that classifies people into one of 16 personality types according to their preferred information processing and perception methods. The ESTJ personality type also called the

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skyscrapers

What Companies are in the Capital Goods Field?

Companies /

Here are ten companies in the capital goods field: Caterpillar Boeing General Electric John Deere Honeywell International Siemens AG United Technologies Bechtel AECOM Fluor Producing the tools and equipment required for other industries to run, the capital goods sector is crucial to the economy. Producing other commodities and services requires the utilization of capital goods,

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cubicle

Your Job Probably Achieves Nothing (Bullshit Jobs)

Job /

Book Review of Bullshit Jobs by David Graeber Bullshit Jobs by David Graeber is a must-read if you’re seeking a book that will have you rethinking everything you thought you understood about employment. Graeber, an anthropologist, and activist, examine closely how bullshit jobs—unneeded, unsatisfactory, or both—proliferate in our society and how they consume it. He

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warren buffett bank

Warren Buffett: Why You Must Own Bank Stocks

Warren Buffett /

One of the greatest investors in history, Warren Buffett, is renowned for his long-term outlook and value investing tenets. Because of the banking sector’s consistency, dependability, and the regular dividends it pays, bank stocks are regarded as sound investments. This piece will examine Warren Buffett’s justification for why bank stocks are essential for any investor.

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stock market room 2

10 Topics to Master To Become a Profitable Trader

Profitable trading /

10 Key Trading Skills To Become A Successful Trader Technical Analysis  Trade Management Risk/Reward Ratio Risk Management Trading Psychology Backtesting Historical Chart Studies Sentiment Analysis  Trend Analysis  Trading System Development 1. Technical Analysis Technical analysis is the art and science of reading charts to quantify the trend or trading range the price action is in,

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How to become 37.78 times better at anything (Summary of Atomic Habits by James Clear)

Success /

James Clear explains one of the most powerful success principles in his best-selling book Atomic Habits. With his 1% rule of improvement, he explains how the math works to create a 37.78-times improvement over a year when the gain happens daily. That’s a 37.78 multiplier of effort for small incremental gains. His lesson explains, from

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Principles For Success by Ray Dalio

Ray Dalio Gives 3 Financial Recommendations for Millennials

Ray Dalio /

Three Financial Recommendations for Millennials Millennials, also known as Generation Y, face unique financial challenges as they enter the workforce and begin planning for their future. With student loan debt and a volatile job market, it can be difficult to know where to start when saving and investing. That’s why when successful investor and hedge

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