Steve Burns, Author at New Trader U

The Psychology of Trading & Investing (Trading Psychology Rules)

The Psychology of Trading and Investing The psychology of trading and investing is a crucial aspect of the financial markets that traders and investors often overlook. Understanding the psychological factors influencing trading and investment decisions can help individuals make better decisions and improve their overall market performance. In this article, I will discuss the role […]

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Practice Frugal Wealth

Wealth / Steve Burns

Practicing Frugal Wealth The Art of Frugal Wealth The idea of frugal wealth challenges the traditional definition of what it means to be affluent. Frugal wealth is about leading a financially comfortable life without needless ostentation instead of associating wealth with luxury and indulgence. It’s a way of thinking that places a higher value on

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A Beginners Guide to Trading: All You Need to Know to Get Started

Trading / Steve Burns

How do you become a profitable trader? A trading system with a positive expectancy is the fastest path to profitable trading. A trader’s focus should not be on predictions, stock picking, opinions, or being right all the time. The best focus is creating a quantified system with a repeatable edge that creates small wins, big

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21 Tiny Habits to Improve Your Life in 2023 Effortlessly

Habits / Steve Burns

Our lives can be significantly affected by even minor adjustments. We may enhance our physical and mental well-being, boost productivity, and position ourselves for success this year by making small changes to our daily routines. Here are 21 simple habits you may adopt right away to live a better life in 2023: Wake up at

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How Would Warren Buffett Invest a Small Sum of Money?

Warren Buffett / Steve Burns

From the end of 1950 to 1960, Warren Buffett achieved his best investing career results, with his returns averaging approximately 50% a year. His approach then was different than now, as he could operate on a small scale as an individual investor. These returns happened as he had just left Benjamin Graham’s mentorship and was

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

Wealth / Steve Burns

Charlie Munger is one of the most successful investors and businessmen in history. Charlie Munger’s advice on investing and life choices that make a person wealthy is invaluable for those looking to build their wealth. In this article, we will be exploring his investment philosophy, how compounding can help you grow your wealth, why it’s

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What is Liquidity?

Financial Literacy / Steve Burns

Are you looking for ways to increase your trading and investing success? Understanding liquidity is key. Liquidity refers to the ease with which an asset can be bought or sold in the market without affecting its price. Knowing what assets have high and low liquidity and the benefits of focusing on highly liquid assets is

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4 Steps to Developing a Growth Mindset

Psychology / Steve Burns

We all have a voice that can encourage us to reach for the stars or pull us back into mediocrity. To make positive and successful changes, you must learn to identify this fixed mindset voice and develop a growth mindset instead. [1] Identifying the Fixed Mindset Voice A fixed mindset is a way of thinking

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How Recessions Affect the Markets

Recession / Steve Burns

Recessions are a powerful force, one that carries with them intense consequences. Past recessions have had lasting effects on the markets and economies, often leading to reduced or reversed gross domestic product growth (GDP) growth, decreased stock prices, and lower real estate prices. Investing during a recession can be intimidating, but it’s possible to use

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Oil Prices Explained: What Makes Them Volatile?

Oil / Steve Burns

Oil prices are a hot topic these days. Why are they so volatile? Let’s take a look at some of the factors that contribute to oil price movements. Demand Production costs Politics The global market for oil is constantly changing, which affects the price of oil The global oil market is a complex, ever-shifting landscape

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Warren Buffett Shares Advice on Becoming Successful

Warren Buffett / Steve Burns

If you’re searching for the secrets to success, look no further than one of the world’s wealthiest and most successful investor and CEO– Warren Buffett. Known as “The Oracle of Omaha,” Buffett has done many interviews where he offers his best tips for achieving long-lasting happiness and prosperity. What exactly did he have to say?

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The Untold History of Warren Buffett 2023

Warren Buffett / Steve Burns

I believe too many people focus exclusively on Warren Buffett’s skill as a value investor and miss his other key strengths and ignore how exactly he became ranked as the richest man in the world many times. His story is far more fascinating than the common beliefs about him. Let’s explore some things about Warren

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10 Money Mistakes You Must Avoid At All Costs (How To Be Good With Your Money)

Personal Finance / Steve Burns

10 Common Financial Mistakes If you want to be good with your money, there are some mistakes you need to avoid at all costs. These ten money mistakes can set you back financially, from spending too much on unnecessary things to not saving enough for retirement. But don’t worry; I’m here to help you avoid

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Top 12 Sigma Female Personality Traits (The Rarest Female on Earth)

Personality / Steve Burns

If you’re looking for a woman who is strong, independent, and ambitious, then you might be searching for a Sigma female. This rare personality type is often misunderstood, but those who know a Sigma woman well will attest to her many positive qualities. Here are the top fifteen traits that make up the Sigma female

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The 7 Golden Rules of Day Traders

Day Trading / Steve Burns

Day trading can be one way to make money in the financial markets, but it’s also incredibly risky when some important rules are not followed. Aspiring traders must understand and follow the seven golden rules to become successful in day trading and minimize the risk of large financial losses. These are key principles that all

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Intrusive Thoughts and Overthinking: The Skill of Cognitive Defusion

Psychology / Steve Burns

Taming Intrusive Thoughts: The Power of Cognitive Defusion We all experience intrusive thoughts from time to time, but for some of us, these unwelcome and often distressing thoughts can become overwhelming. [2] Learning how to manage them is essential for our mental well-being; this is where Cognitive Defusion comes in. [3] By understanding the skill

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The Science of Luck: How to Get Lucky

Probabilities / Steve Burns

“Luck is when preparation meets opportunity.” – Roman philosopher Seneca. Unlock Your Luck: The Science of How to Get Lucky Do you ever feel like success and failure are determined by luck rather than hard work or skill? Well, it turns out that there may be some truth to this idea. Luck and timing at

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Trading Lesson: Candlestick Formations

Candlestick Charts / Steve Burns

Candlestick charts are the most visual types of charts as they show the open, close, and intra-candle price action visually and with the full candle sentiment. All of the elements of the candlesticks have a technical meaning. The color of a candlestick reflects the sentiment on the chart for the candle period. Different Types of

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The 2 Sigma Male Paths: Lone Wolf vs Tiger

personality types / Steve Burns

The two Sigma Male Paths, The Lone Wolf vs. Tiger concept, is intriguing. On the surface, it appears to be a choice between two very different lifestyles – one that prefers solitude and another focused on power and success. But what does being a sigma male mean? What are the benefits of each path? In

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10 Introvert Signs: Personality Type

personality types / Steve Burns

Are you an introvert? Do you often feel like a fish out of water in social situations, or prefer to keep conversations short and sweet? If so, it may be time to explore the ten signs indicating your personality type. From communication style and emotional responses to listening skills and social interaction, we’ll look at

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Author name: Steve Burns