Author name: Steve Burns

                      New traders make the mistake of being biased to current market conditions and do not consider that it is only a phase, bull markets, bear markets, and range bound markets are a cycle that plays out over and over. From trending and non-trending to […]

  The 50 day sma bounce that most traders expected did happen Wednesday and it was fast and furious moving from the near term support back to resistance in a manner of hours. There really was no choice but to go long with that massive reversal candlestick, the bulls won. We now have two days

                    The Top Ten Skills of Profitable Traders They Develop robust systems using principles and patterns that work and are based on historical back testing. They Write a trading plan that fits their personality and  results in profitability. They have the discipline and self control to

      @The_Real_Fly Your opinion about the poll has been noted for future reference. — Steve Burns (@SJosephBurns) December 20, 2013 @SJosephBurns And your belligerence has been noted for future battles — The_Real_Fly (@The_Real_Fly) December 20, 2013 Ouch!! pic.twitter.com/vN4MOREtsU — DK1 (@canuck2usa) December 18, 2013   Markets have potential for a very powerful psychological/sentiment

                             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