Author name: Steve Burns

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…

                                 Top Ten Things Equity Bulls Have to Be Thankful For in 2013 Two words: Quantitative-Easing. All the money has to go somewhere in with bond yields so low equities are the place to be. The “Bernanke Put Option.” Bulls

                                                          Be patient with winners letting them go as far as they can but be impatient with losers exiting when you are proven wrong. Be confident in

                                                                                                                                                                                                                                                                                                                 Today’s blog post comes straight from a great discussion out of our facebook trading group New Traders, Rich Traders, & Good Traders. Thanks to Andrew Rocco for the original post and also Matthew Smith,and Travis James for their insightful comments in our trading group. Here Are The Ten Common Mistakes New Traders Are Making:

This year one of the most profitable systems with the smoothest rides has been simply to buy and hold an equity index. Even the big cap S&P 500’s $SPY ETF is up almost 27% at this point. I am sure there are many new traders that were rewarded for simply being biased to the long

  Well, 2013’s most robust strategy has been simply to buy and hold an equity index. This whole year has been nothing but a big  massive break out of the 2000-2013 trading range and a very hated bull market all year. This whole year’s equity market has simply been all about swing trading off bounces

                                                                                                                                                                                                                                                                                                        I do not think traders really start making money until they really mature as traders and understand the big picture. I have been on this journey myself and went through the wild excitement of the the internet bubble, day trading and the experience of making a few hundred dollars in a few minutes the

  There is a difference between a “bubble” and “bull market” — MX1 (@TradetheLeader1) November 16, 2013   Trading is a business. What’s your niche/edge(s) separating you from the graveyard of failed trading careers? Quantify this answer. $study — R2 Ray C. Freeman (@R2RayCFreeman) November 17, 2013   “When you have confidence, you can have

                                Making mistakes in your trading is not cheap. Here are the ten most expensive things a trader can do. This does not apply only to new traders, even professionals with long track records can make these fatal flaws and

                                                                                                                                                                                                                                                                                                           There is only one way to avoid losing trades: Quit trading. If you want to keep trading then you will have many losing trades on your path to profits. Learn to accept them and not emotionally over react to any one losing trade. Here is how I do it: 10 Reasons I Do Not

                                                                                                                                                                                                                                                                                                            In the past few years I have been on social media I have had the privilege of  interacting with many great traders. Some communication has been through facebook messages, some through my trading group, others on twitter. Here are the traders that I have witnessed make profitable trades on a consistent basis through