Ebook New Trader, Rich Trader: How to Make Money in the Stock Market, by Steve Burns
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New Trader, Rich Trader: How to Make Money in the Stock Market, by Steve Burns
Ebook New Trader, Rich Trader: How to Make Money in the Stock Market, by Steve Burns
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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 instructive and entertaining narrative, the author takes the reader through the trading concepts with a clarity and ease of understanding. A must read for beginning and intermediate level traders. -Dr. Chris Kacher, co-founder of www.SelfishInvesting.com and co-author of "How We Made 18,000% in the Stock Market" You have done a truly tremendous job with this book! A breezy read with essential trading advice. I think this book could become a trading classic! So many great rules are offered in this book, but I think my favorite might be Chapter 8's. It is SO true! Just printing out the title of each chapter and putting it on your desk would greatly benefit every trader I know. Steve, you've done a great job! -"Darrin Donnelly, DarvasTrader.com". Steve Burns has done a superb job with his new book "New Trader, Rich Trader"! This is a must read for all levels of traders. Golden nuggets include important concepts like "I always put capital preservation before capital appreciation." Steve tackles psychology, risk control, and what it takes to succeed in this business where so many fail. As Steve says "most new traders learn the hard way by losing money...", don't be one of them, do yourself a favor and buy this book, because not only is it a great investment, but the concepts in this book will save you plenty! -Bennett McDowell, Founder, TradersCoach.com� Author: "A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin" Steve Burns describes three of the most critical aspects of trading with a "dialogue-style' book between a novice trader and an experienced successful trader. Psychology - making sure your mindset is correct and in the game with a solid, realistic, and objective plan. Risk Management - the key to it all and ones ability to understand and manage all aspects of risk control. Methodology - making sure you fit a trading plan to your own unique style while understanding what prior successful traders did as well. The teacher/student lessons discussed should be of value to all traders. -John Boik, author of "How Legendary Traders Made Millions" and "Monster Stocks" Steve has crafted an easy-to-read tutorial on avoiding the most common mistakes made by new traders. Save yourself years of heartache and buy this book and do your homework. New Trader, Rich Trader should be mandatory reading for the novice investor. -Kenneth Lee, author of "Trouncing the Dow"
- Sales Rank: #287966 in Books
- Brand: Brand: BN Publishing
- Published on: 2012-05-15
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .34" w x 6.00" l, .46 pounds
- Binding: Paperback
- 148 pages
Features
- Used Book in Good Condition
Most helpful customer reviews
23 of 26 people found the following review helpful.
A Must For Would Be Traders
By Clarence Oliver
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.
15 of 18 people found the following review helpful.
An Essential Trading Pocketbook
By John Liu
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.
6 of 6 people found the following review helpful.
Great for newbies, rookies, beginners and anyone needing help.
By Stephen Shull
I began trading about five years, with a low six figure account, mostly for grins. The majority of my retirement assets were handled by "professionals." You know, one of those companies that has an office in every town. I was subscribing to "Investors Business Daily" for some help. Then came 2008 into 2009. The "professionals" had lost over HALF of my seven figure retirement account, with their buy and hold and hold and hold plan. I took over my retirement acct. in 2013. Needing more help, with so much more at stake, I purchased this book. It is fantastic for the beginner. It doesn't tell you WHAT to buy and sell. It tells you HOW to buy and sell. Specifics on the DO's and psycho. logyTs of trading strategies. It covers the psychology of trading, risk management and many helpful ideas. Easy reading and GREAT BOOK!!!
See all 53 customer reviews...
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