Author name: Steve Burns

The trend is your friend until the end when it bends. -Ed Seykota A little Trend Trading When you have an edge in your trading system your wins and losses will be distributed at random. You will not know when you will catch the big trend or big reversal and win big.  If historically you […]

In trading, money is simply made by making more money when you are on the right side of the trade than you lost when you were on the wrong side. That is rarely understood. Even many of  the best traders in the world only win 50% of the time or less. In baseball the pitching

Try, Try, again. It is important in trading to never get overly discouraged with consecutive losses or draw downs in equity, this is a normal part of the business. I once had a 50% draw down early in my trading career when I did not respect risk, but came back and quadrupled my capital over

Decisions, Decisions, Discretionary Trader vs. Systematic Trader Discretionary Traders trade information flow, while Systematic Traders trade price flow. While discretionary traders are busy trying to digest what fundamental news and information mean, systematic traders are taking the signals they are getting from actual price movement in the market. Systematic traders are not thinking and predicting

Trading is an evolution of self and system. -Jonathan Keag Contrary to popular belief, the key to success in trading is not: a huge ego hot stock picks knowledge of the fundamental drivers of markets or even how to read a chart following a guru taking big risks What I have discovered in my twelve

Interview where I discuss my humble beginnings in stock trading and how I learned some hard lessons as a new trader. I also discuss my book ‘New Trader, Rich Trader’.