Author name: Steve Burns

                             A Dozen Dumb Things That New Traders Do     Being a stubborn bear in a bull market. Being a stubborn bull in a bear market. Risk your entire trading account on one trade. Trade an account that is so small […]

Studying trading and actively participating in the markets has profoundly impacted my life, teaching me lessons that extend far beyond financial gains. The core principles of successful trading—risk management, psychological discipline, and systematic methods—have not only enhanced my performance in the markets but also significantly improved my career, business endeavors, health, relationships, and personal life.

  For most traders volatility is harder to trade profitably than trends and chart patterns, this is a time most traders should be in cash and waiting for a set up or trend to develop. The daily gyrations if watched all day can really mess new traders up. The plunge below the 21 day ema

                Don’t get out of a trade when you are afraid get out when your trailing stop or stop loss is hit. Don’t enter a trade when you are greedy for profits get in when you get an entry signal. Don’t take a huge position size because you

Start with a concept: “I make $ when market trends”, etc., & turn it into set of objective math rules that can be programmed & backtested. — Trade Like a Casino (@TradeLikeCasino) December 13, 2013   Stay Bullish when charts r bullish no mattr what u THINK the fundamentals are. Be Bearish when charts r

                                                                                                                                                                                                                                                                                                       To really be a great trader we have to get comfortable with being uncomfortable. We have to accept that no one has a crystal ball or time machine  so the future is not known by anyone and we can only take our entries and manage our current risk. Successful trading comes from understanding the

      Here are the ten tools every trader must have if they want to make money in the markets. Missing just one of these tools could undermine your ability to be successful even if you have all other nine things in place. The ability to bring your risk of ruin down to almost

  On Monday the $SPY uptrend was finally broken and the 5 day ema was lost. I was stopped out of my longs. We had a five day down trend that took us back to the 21 day ema by Thursday. On Thursday the 21 day ema was held as support and the line in

  The $UVXY ETF started trading in October of 2011 and it seeks a return that is 2 times the return of the VIX in a single day. Due to the compounding of daily returns, the $UVXY’s returns over periods other than one day will be very different than just holding double the $VIX due

Our #GAME Sure, is ok to be wrong and to not really know what will happen. Therefore, making it possible to REACT to present circumstances. — Jose Luis Urbina (@urbinarestrepo) December 6, 2013 The yuan has overtaken the euro as the second most used currency in trade finance… — Jose Luis Urbina (@urbinarestrepo) December 5,

                                                                                                                                                                                                                                                                                                          Trading is primarily a game of the mind not a math game. The absolute smartest people usually are not the very best traders because while they are doing all the complex math and system development they are blind sided by their egos, greed, and fear. If you have the right mindset as a trader

Commit to doing the work to become a successful trader. Study the top resources for trading success. Decide what level of annual returns you want to make on average. Decide the maximum capital draw down level you can tolerate and accept. Become a reactive trader not a predictive trader, learn how to trade price action.

                                  Bad traders are very arrogant and opinionated on the future direction of the markets. The best traders I know are very flexible and just go with the flow. Bad traders love to give out unsolicited advice, question, and

                                                                                             This is a bull market, while so many are

                                  Being a Know-it-all: Wanting to be right about everything more than wanting to make money is very unprofitable. It is difficult for many professionals from other fields to take a beginners mind in this new endeavor of trading.

          The Directions say. “Let the bird chill in the sink a little bit” pic.twitter.com/zEBAGj6SGD — Scott Redler (@RedDogT3Live) November 28, 2013   The Secret Sauce of Success–> pic.twitter.com/qyLykMCXQV — Steve Burns (@SJosephBurns) November 28, 2013   Former Fed Chairman Greenspan Sees No Bubble at Dow 16,000 – NOW I’m worried…