New Trader U

The Most Dangerous Trade

Posted By: Steve Burnson: June 14, 2012

Ever have that day when you were a new trader and you were 100% sure about a trade. You just could not lose, the stock was a real buy it had already fallen a great deal and it could not possibly fall any farther. So you waited and... Read more

Trading in the Valley of Uncertainty

Posted By: Steve Burnson: June 13, 2012

The S & P 500 has been range bound for a week holding at the 10 day moving average as support. The problem is that it can run the full range and back in 48 hours. The market is currently range bound in a $131/$134 $SPY price box. A pr... Read more

My Interview with Mark Minervini

Posted By: Steve Burnson: June 12, 2012

The Mental Game of Trading

Posted By: Steve Burnson: June 11, 2012

Two of the biggest obstacles in trading is managing risk and using a winning method. However, even if you control your risk on every trade and ha... Read more

My Next Buy Point and My Watch List

Posted By: Steve Burnson: June 10, 2012

With the powerful reversal off the $SPY 200 day and then the comeback after the reversal day I am ready to go long. The European Union headline risk was hanging over the market causing a lot of uncertainty and confusion but with th... Read more

Ten Things that the Markets Reward

Posted By: Steve Burnson: June 10, 2012

The free markets do not give up profits easily. The vast majority of all traders lose money over the long term. Many studies say it is as much as 90% that are net losers after all their trading. Even investors... Read more

Trading is All About Control

Posted By: Steve Burnson: June 08, 2012

In trading while we have zero control over the long term moves in the markets we have 100% control over our own actions. It is not the market movements that will ultimately decide whether we win or lose but our... Read more

10 Things A Trader Needs to Give Up

Posted By: Steve Burnson: June 07, 2012

It is easy to become obsessed with adding to our trading arsenal with knowledge, books, chart patterns, indicators, moving averages, and gurus, that we forget to analyze what we need to remove from our plan. One of the largest determining... Read more

Some of the Biggest Secrets of the Rich Traders

Posted By: Steve Burnson: June 06, 2012

Do you know what the biggest secret is for the rich trader? The big secret is that they were not born a brilliant trader. They did not just trade and become instantly profitable. No, they are just like any one else. Except for one thing… t... Read more

World’s Easiest System for Trading the Short Side

Posted By: Steve Burnson: June 05, 2012

When I find a stock that I want to short, how do I trade it? My opinion about a short is not sufficient for a trade, the chart has to agree with me or I have to wait until it does. Here are the charts of four... Read more

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