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.

3 Cognitive Biases That Are Making You Poor and Unhealthy

3 Cognitive Biases That Are Making You Poor and Unhealthy: How To Overcome Them

You’re often making choices, aren’t you? Choices that seem reasonably beneficial sometimes lead to unfavorable outcomes. It’s puzzling, this human propensity to pick paths that aren’t optimal. Why are so many of your thoughts self-defeating? More often than not, cognitive biases and subtle mental frameworks you’re programmed to use skew decision-making, guiding you into pitfalls

3 Cognitive Biases That Are Making You Poor and Unhealthy: How To Overcome Them Read More »

Marginal Gains Theory

Marginal Gains Theory: Why Successful People Seek 1% Improvement Everyday

The Marginal Gains Theory is a concept that suggests making small, incremental changes or improvements in various areas of life or work, which, when combined, result in a significant overall improvement. The theory is based on the premise that improving activity by just 1% isn’t notably tricky. Still, if you can repeat these minor improvements

Marginal Gains Theory: Why Successful People Seek 1% Improvement Everyday Read More »

7 Powerful Habits That Will Change EVERYTHING

7 Powerful Habits That Will Change EVERYTHING (7-Week Challenge)

Transforming your life starts with one simple yet significant shift: adopting new habits. These repetitive actions, performed day after day, have the potential to shape your reality and influence your overall well-being. Today, we delve into seven potent habits that can turn your life around and lead you toward a more fulfilling existence. Cold Showers

7 Powerful Habits That Will Change EVERYTHING (7-Week Challenge) Read More »

A Deep Look Into Warren Buffett's Portfolio 2023 (Q1)

A Deep Look Into Warren Buffett’s Portfolio: 2023 (Q1)

Image via GuruFocus.com The current Warren Buffett portfolio’s latest Berkshire Hathaway 13F report is dated May 15, 2023 (Q1). This report reflects the stocks of public companies Buffett holds inside his company-owned portfolio for Berkshire Hathaway as of March 31, 2023, at the end of the 1st quarter. Warren Buffett is the Chairman, CEO, and

A Deep Look Into Warren Buffett’s Portfolio: 2023 (Q1) Read More »

The Intelligent Investor Summary

The Intelligent Investor Summary: By Benjamin Graham

I. Introduction Have you ever heard of the book that’s the cornerstone of investing wisdom? It’s “The Intelligent Investor,” a masterpiece penned by Benjamin Graham, the value investing wizard who mentored the legendary investor Warren Buffet. A man of immense intellect, Graham’s ideas have shaped the investment world for decades. Warren Buffet, a former student

The Intelligent Investor Summary: By Benjamin Graham Read More »

5 Habits That Will Make You Powerful Beyond Belief

5 Habits That Will Make You Powerful Beyond Belief

Imagine possessing a personal power that allows you to achieve your wildest dreams, overcome the most significant challenges, and manifest your desired life. This power stems from the habits you cultivate and the mindset you develop. By embracing these habits and nurturing a growth-oriented mindset, you can unlock your inner potential and become powerful beyond

5 Habits That Will Make You Powerful Beyond Belief Read More »

6 mental models to add to your thinking toolbox

Systems Thinking: 6 Mental Models to Add to Your Thinking Toolbox

We all have our ways of making sense of the world. We see a situation, digest the information, and react based on our understanding. This cognitive process is built around mental models – the frameworks that shape our thoughts, understanding, and responses. In this article, I will share six systems-thinking mental models that can give

Systems Thinking: 6 Mental Models to Add to Your Thinking Toolbox Read More »

My Summary of The Meditations of Marcus Aurelius

My Summary of The Meditations of Marcus Aurelius (22 Stoic Principles)

The Meditations, penned by Marcus Aurelius, brims with Stoic wisdom. In this post, we’ll delve into 22 principles extracted from this timeless guide to life. Let’s examine how they can help us navigate our journey toward success, just like they aided the Roman emperor himself. 1. Acceptance of Nature’s Will There’s a strange comfort in

My Summary of The Meditations of Marcus Aurelius (22 Stoic Principles) Read More »