Steve Burns, Author at New Trader U

Warren Buffett: 5 Things Poor People Waste Money On That Keeps Them Broke

Economics, Personal Finance / Steve Burns

Warren Buffett didn’t become one of the world’s wealthiest investors by chasing luxury. He built his fortune through disciplined habits, delayed gratification, and understanding compounding gains. The difference between wealth and poverty often isn’t about income but what you do with what you have. Buffett’s lifestyle reflects his philosophy. He lives in the same modest […]

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5 Odd Trading Behaviors That Point to an Extremely High IQ For Traders

Intelligence, Trading / Steve Burns

Intelligence in trading doesn’t always look the way you’d expect. The most astute traders often exhibit behaviors that seem counterintuitive, even bizarre, to the average market participant. While conventional wisdom celebrates confidence and constant action, genuinely high-IQ traders operate in a different manner. They’ve learned that success in markets requires a different kind of thinking—one

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The Most Powerful Wealth-Building Engine Ever Created

Stock Market, Wealth / Steve Burns

Throughout human history, people have sought the secret to creating lasting wealth. From gold and land to businesses and bonds, countless vehicles have promised financial security and prosperity. Yet one stands above all others in its proven ability to transform ordinary savers into millionaires: the stock market. Specifically, broad-based equity ownership held over long periods

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The 5 Economic Forces That Make the Middle Class Poorer

Economics, Personal Finance / Steve Burns

The American middle class has long represented stability and upward mobility, yet over recent decades, something fundamental has shifted. Families who once felt secure find themselves working harder to stay in place. This economic erosion is happening through monetary debasement, asset bubbles, consumer debt, income tax structure, and technological career displacement. Let’s examine each one

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Traders With Low Emotional Intelligence Display These 5 Behaviors (Without Realizing It)

Intelligence, Psychology, Trading / Steve Burns

Success in trading isn’t just about charts, indicators, or market knowledge. While technical skills matter, emotional intelligence often determines whether a trader thrives or repeatedly sabotages their own progress. The challenge is that traders with low emotional intelligence usually fail to recognize the patterns that are destroying their performance. They blame external factors, question their

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5 Books That Give You the 5 Mental Models of Success

Best books, Book Reviews, Books, Success / Steve Burns

Success isn’t just about working harder or having more talent—it’s about thinking differently. The most accomplished individuals have developed powerful mental models —frameworks for understanding how the world works — that separate those who thrive from those who merely survive. These five books each offer a transformative mental model backed by research and real-world application.

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The Top 5 Wealth Destroyers of the Middle Class

Personal Finance, Wealth / Steve Burns

For many middle-class families, building wealth feels like an uphill battle. Despite working hard and earning a decent income, achieving financial security remains an elusive goal. The problem isn’t usually a lack of earnings potential but rather specific financial pitfalls that systematically erode wealth-building capacity. Understanding these five wealth destroyers is the first step toward

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10 Habits Of All Successful Traders

Profitable trading, Successful Trading, Trading / Steve Burns

Trading in financial markets is a challenging endeavor that requires more than just technical knowledge or access to the right tools. The difference between traders who consistently succeed and those who struggle often comes down to daily habits and behaviors. While strategies and market conditions may vary, successful traders share standard practices that form the

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The 5 Forces of Wealth That Make the Rich Get Richer

Wealth / Steve Burns

Why do the rich keep getting richer while everyone else struggles to get ahead? The answer isn’t conspiracy or luck. It’s a set of invisible forces that work like gravity in the financial world, pulling wealth toward those who understand how to harness them. These forces aren’t secrets locked away in private clubs. They’re principles

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5 Middle-Class Mindsets That Keep You Trapped in the Rat Race

Personal Finance, Psychology, Wealth / Steve Burns

The rat race isn’t just about working hard—it’s about mental patterns that keep you running faster without getting ahead. While many believe they’re making wise financial decisions, certain ingrained mindsets systematically prevent wealth accumulation and freedom. Here are five common traps and why breaking free from them is essential. 1. “Income Comes From Trading My

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A Trader’s Most 5 Destructive Emotions Ranked

A Trader’s 5 Most Destructive Emotions Ranked

Psychology, Trading, Trading Psychology / Steve Burns

Trading is often described as a battle between logic and emotion. While technical analysis, fundamental research, and risk management form the foundation of successful trading, emotions can quickly undermine even the most sophisticated strategies. The difference between profitable traders and those who blow up their accounts often comes down to emotional control. Understanding which emotions

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The 5 Most Important Skills for Building Wealth

career, Investing, Personal Finance, Wealth / Steve Burns

Building wealth isn’t just about earning a high salary or getting lucky with investments; it’s also about making informed decisions. The skills you develop often determine whether you’ll accumulate lasting wealth or watch opportunities slip away. These capabilities transcend industries and economic conditions, forming the foundation for every financial decision you make. Specific skills consistently

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The 5 Paths from Middle Class to Millionaire

Millionaire, Wealth / Steve Burns

The journey from middle class to millionaire isn’t reserved for lottery winners or those who inherit money. It’s achievable through strategic planning, discipline, and choosing the right wealth-building path. These five proven strategies can help you select the approach that aligns with your skills, resources, and lifestyle. 1. Investing in the Stock Market Building a

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The 10 Habits of Rich Traders According to Research

Market Wizard, Traders, Trading, Trend Following, Wealth / Steve Burns

The difference between traders who consistently profit and those who struggle often comes down to habits rather than intelligence or market knowledge. By studying the patterns of successful traders documented in landmark works like Michael Covel’s Trend Following, Jack Schwager’s Market Wizards series, and the trading philosophies of Jesse Livermore and George Soros, clear behavioral

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The Best 3 Mindsets For Wealth Building

Psychology, Wealth / Steve Burns

Building wealth isn’t just about smart financial decisions or finding the right investments. The foundation of lasting financial success lies in how you think about money, challenges, and possibilities. Your mindset shapes every financial decision, from how you respond to setbacks to how you perceive growth opportunities. Three mindsets stand out as essential for anyone

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5 Books That Teach the Middle Class How To Become Millionaires

Best books, Book Reviews, Books, Millionaire, Wealth / Steve Burns

Building wealth might seem like an impossible dream when you’re living paycheck to paycheck or stuck in the middle-class grind. The good news is that countless ordinary people have transformed their financial situations by learning and applying proven wealth-building principles. These five influential books offer practical roadmaps for anyone willing to challenge conventional thinking about

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Why Position Sizing is 80% of the Trading Game

Risk Management, Trading / Steve Burns

Most traders obsess over finding the perfect entry point or discovering a secret indicator that will unlock consistent profits. They spend countless hours analyzing charts, backtesting strategies, and searching for that elusive edge. Yet many still struggle to achieve meaningful returns. The reason might surprise you: they’re focusing on the wrong part of the equation.

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The 5 Best Wealth Builders for the Middle Class

Business, Investing, Wealth / Steve Burns

Building lasting wealth as a middle-class earner doesn’t require complex investment schemes or lucky breaks in the stock market. The path to financial security is paved with disciplined habits, wise choices, and strategies that leverage time and compound growth. While the wealthy often benefit from inherited capital and exclusive opportunities, the middle class also has

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5 Books That Will Teach You More Than Any College Education

Best books, Book Reviews, Books, Intelligence / Steve Burns

Traditional college education offers value through structured learning, credentials, and social connections. Yet some books deliver insights so profound they rival years of formal education. These aren’t books to read and forget—they’re frameworks for understanding how the world works. While a degree might take four years and cost a fortune, these five books can fundamentally

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The 10 Formulas for Profitable Trading

Math, Profitable trading, Trading / Steve Burns

Trading success isn’t about finding a secret strategy or following hot tips. It’s about understanding the mathematics behind every decision you make. While no formula guarantees profits, these ten mathematical concepts form the foundation of sustainable trading performance. Mastering them can mean the difference between consistent growth and watching your account slowly drain away. 1.

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Author name: Steve Burns