New Trader, Rich Trader: How to Make Money in the Stock Market
I love the structure of this book: Steve Burns points out huge differences between winners and losers in every area of the market. Each chapter takes up a pair of opposites, such as “New Traders try to prove they are right; Rich traders admit when they are wrong.” Dozens of such pairs offer a psychological mirror to serious readers. -Alexander Elder www.elder.com Here is a work that puts the reader in the mind of a fledging trader who makes all the mistakes then learns from them. Told in an inst
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A Must For Would Be Traders,
New Trader, Rich Trader is an impressive work on the vast array of trading literature available in the world. The book is full of information that every beginning and intermediate trader can and should use to better their trading results. Trading can be one of the most rewarding and nerve racking things anyone can do. I’ve made and lost tons of money in the market, I’ve had the hair pulling experiences of watching profits turn into losses, and the exciting experience of coming back from those losses, and making massive profits. I’ve shorted BP, and I’ve gone long stocks that have jumped up hugely, and I’ve had the reverse happen as well.
When I started I watched half my money vanish in the matter of a month or so. With this book, I’m quite certain that that wouldn’t have been the case. Steve Burns is showing himself to become part of the ranks of other great writers of the market , like Michael Covel and Dr. Alexander Elders. This book has simple rules and instructions, basic things that aren’t so basic that anyone who follows them will see better results, and get to skip that horrible and painful couple of years of suffering losses.
I highly recommend it.
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|An Essential Trading Pocketbook,
This is by far one of the best trading pocketbook which covers all the essentials of successful trading. It’s so different from other books in that this one is instilling essential trading principles by telling a imaginative story between a new trader and a rich trader. But if you think it over while you enjoy this book, you’ll be very surprised and shocked that this book may be telling your story, to some extent, that either happened in the past or is happening at the moment.
Many people are misguided by info surrounding us which are provided for a purpose and believe that the most important part of successful trading is picking up the right stock. They think that’s the holy grail of success in trading. However, that’s actually the least important part of trading. There’s no such a stock that’s called the right stock. Instead, we should be more dedicated to working on ourselves and the trading system that fits us, which corresponds to what the author is trying to emphasize in this essential trading pocketbook,namely psychology, risk, and methodology. This book might reads simple to many experienced traders, but even they will acknowledge that this book do cover a lot of essential principles for trading success. For new traders, this is absolutely an excellent trading pocketbook to start with. You’ll usually see yourself as the new trader in the book and learn what you should work on to keep yourself on track.
This book is absolutely one of the best that you can use to build a solid foundation for your future trading success if you are serious about this business, have a faith in it and would like to commit to it. From here, you will establish a big and clear picture first and then you can move on to explore those areas that you wish to fine tune in order to develop a trading system that truly fits you and makes profits consistently.
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|A Must Must Must Read,
New Trader Rich Trader is an unbelievable book and resource for all walks in the trading/investing life and markets. It is a book I WISH I had available when I began trading for a living 12+ years ago.
Steve delivers to you a story- one many can relate to where you need a hand to lead and teach you HOW TO FISH , not just feed you one fish and then you starve. He delves into all the main and necessary aspects of great trading. A delightful,entertaining and enlightening read- a must for all desks!
Thanks Steve.
J in NY
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