Hlib Chabaniuk

Traders can profit from swings between extremes, Steve Burns notes

Traders can profit from swings between extremes, Steve Burns notes
Profit from swings without perfect timing

Steve Burns, founder at New Trader University, states that traders do not need to time the exact top or bottom of the market to achieve profitability.

Burns suggests that there is ample opportunity to profit by capturing price swings between these extremes.

Burns has previously stressed the importance of managing risks by understanding how many consecutive losses can occur over 100 trades, warning this knowledge is key to avoiding ruin in trading consecutive losses. He has also highlighted that consistently securing profits in half of all trades with a 1-to-2 risk reward ratio typically outperforms most market participants risk reward ratio. The guidance builds on his focus on disciplined money management and practical trading strategies.

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