Trading Psychology and Strategy by Steve Burns
Evaluating trading systems using scientific principles, Steve Burns writes
Steve Burns, founder of New Trader University, discusses how to determine if a trading system can survive real market conditions. Burns points to the ideas in his book 'How to Trade Like a ...
Steve Burns: Five signs you are moving beyond the employee mindset toward financial freedom
Steve Burns, founder at New Trader University, which operates under his self-employed business activities, outlines five signs that indicate a shift from the employee mindset to a more financially ...
Mathematical strategies guide trading performance, Steve Burns notes
Steve Burns, founder at New Trader University, discusses what traders should expect from their trading approach. Burns references his book, Trading is Math: The Formulas for Profitable Trading ...
Steve Burns: Accounts to follow for trading insights on X
Steve Burns, founder at New Trader University, shares a list of notable trading-related accounts to follow on X, highlighting various specialties such as day trading, trading tools and analytics, ...
R-multiples assess trade outcomes against risk, Steve Burns notes
Steve Burns, founder at New Trader University, explains that R-multiples are used to measure each trade in relation to its risk. He references concepts from the book "Day Trading is Math: The ...
Steve Burns: Market favors conviction short term, risk-to-reward ratios long term
Steve Burns, founder at New Trader University, writes that while markets may reward having the right conviction in trades over the short term, it is favorable risk-to-reward ratios that drive ...
True financial freedom comes from saving and compounding, Steve Burns notes
Steve Burns, founder at New Trader University, highlights the distinction between appearing wealthy and achieving financial independence. According to him, while looking rich is often tied to ...
Steve Burns: Key financial milestones distinguish economic classes
Steve Burns, founder at New Trader University, outlines the key financial milestones that set apart working-class, middle-class, and upper-class individuals. The focus is on how financial goals ...
Bull, bear, and choppy markets reveal investor weaknesses, Steve Burns notes
Steve Burns, founder at New Trader University, observes that varying market conditions expose different investor traits. He notes that a bull market can make almost everyone appear intelligent, ...
Steve Burns: Understanding when your trading edge pays off is vital
Steve Burns, founder at New Trader University, emphasizes the importance of recognizing which phase a trading system is in to navigate market fluctuations. Burns highlights that sometimes a ...
Protecting capital matters in low-signal markets, Steve Burns notes
Steve Burns, founder at New Trader University, emphasizes that a choppy market can make even skilled traders feel stagnant. He stresses the importance of protecting capital when there are few ...
Steve Burns: Private sector jobs rise by 90,000 in September
Steve Burns, founder at New Trader University, notes that private sector jobs increased by 90,000 in September, according to ADP data reported by CNBC. He adds that the stronger-than-expected job ...
Finding signals in volatile markets, Steve Burns notes
Steve Burns, founder at New Trader University, discusses how to identify signals within noisy market environments. He offers insights for traders looking to distinguish meaningful information ...
Steve Burns: Dollar cost averaging offers statistical advantage for long term investors
Steve Burns, founder at New Trader University, notes that dollar cost averaging provides a statistical advantage for long term investors in indexes and leading stocks. He adds that, in contrast, ...
Averaging down raises conviction at wrong time, Steve Burns notes
Steve Burns, founder at New Trader University, warns that averaging down in a trade can boost an investor's conviction precisely as market signals suggest the trade is going against them. He ...
Steve Burns: Self-control in personal finances linked to trading discipline
Steve Burns, founder at New Trader University, draws a parallel between personal financial habits and trading performance. He suggests that without strong self-control in personal finances, ...
Stocks ending at high levels signal buyer confidence, Steve Burns notes
Steve Burns, founder at New Trader University, observes that when a stock repeatedly closes near its daily highs, it demonstrates a key difference compared to intraday price spikes. This pattern ...
Steve Burns: Trading with quantifiable edge can lead to profits, emotional decisions may cause losses
Steve Burns, founder at New Trader University, emphasizes that trading based on quantified signals and maintaining an edge can generate profits. He cautions that allowing emotions or ego to ...
Stock market moves can be extreme across sectors, Steve Burns notes
Steve Burns, founder at New Trader University, observes that current stock market conditions present a wide range of outcomes depending on sector selection. He characterizes some stocks as ...
Steve Burns: Earnings activity slows during current week
Steve Burns, founder at New Trader University, notes that the current week is expected to have a slower pace of earnings reports. A number of companies, including COST, CBRL, GIS, LGCY, NEOV, ...
Keltner Channels combine EMA with average true range for market signals, Steve Burns notes
Steve Burns, founder at New Trader University, explains that Keltner Channels integrate trend and volatility into a single indicator. The tool features a 20-day EMA as its middle line, while ...
