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Publisher's Summary

New traders are greedy and have unrealistic expectations; Rich traders are realistic about their returns.
When New Trader awoke bright and early, he could feel his excitement building with every second.
Turning on his computer, he thought about all the hard work that went into building his account; all the hours of overtime at his first job, and delivering pizzas on weekends.
That part of his life was now over. His heartbeat quickened as he typed in his username and password. And there it was, his $10,000 trading account.
He was ready.
How could he not be? He had been trading through simulated accounts for over a year, watched financial news, and followed trading gurus online.
The way he saw it, it was easy....
Follow the journey of New Trader as he learns just how challenging trading can be! Explore psychology, risk management, and methodology in this revised and updated, best-selling classic!
Praise for the first edition of New Trader Rich Trader
"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 fledgling 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
©2017 Stolly Media, LLC (P)2017 Steve Burns & Holly Burns
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Customer Reviews

Most Helpful
4 out of 5 stars
By M. Myers on 08-06-18

Nuggets of wisdom in a tiny package

I enjoyed this book for it's mentor/protege style and it's simplicity and straightforward approach to trading. There are some solid bits of information here to study, digest, and apply. Trader mindset, learning from mistakes, managing expectations, controlling ego, finding your method, along with other topics. The author gives recommendations of other books to help with this journey. It's a short but solid primer on trading psychology. I also recommend Secrets for Profiting in Bull and Bear Markets by Stan Weinstein.

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5 out of 5 stars
By Anonymous User on 07-03-18

Awesome!

Awesome! Thank you for writing and sharing! Love how this book was read! One of the best!

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Customer Reviews

Most Helpful
4 out of 5 stars
By Mohi on 01-10-18

Good for starters

A very good book for beginers as I found all the highs and lows pointed in this book. I wish I read this book before I started trading.

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5 out of 5 stars
By Shah Newaz Choudhury on 12-31-17

Excellent for new traders

Loved every second, very educational and many golden nuggets received. Recommend new traders to listen to enhance trading experience.

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Customer Reviews

Most Helpful
5 out of 5 stars
By Anonymous User on 04-04-18

Highly recommended for new traders

Those that are new to trading or considering giving up trading because they aren’t “winning” will benefit from listening to this audio book.

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5 out of 5 stars
By Alberto on 01-15-18

quick and insightful read

ideal for new trades who want to avoid the most common mistakes of the rookies. recommended if you're starting your trading career or if you're struggling to succeed

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