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New Trader Rich Trader 2: 2nd Edition: Revised and Updated: Good Trades Bad Trades
***Updated & Revised***
New Trader paused in thought.
“If I’m not in control, then my emotions are based on my impulses, bad attitude, preconceived beliefs about how things work, the fight or flight instinct, and possibly a self-constructed ego that feels threatened by failure or maybe even by success.” New Trader said.
Rich Trader nodded. “You’re none of those things. Don’t let them control your mind and your actions.”
“But if I’m not any of those things, then what am I?”
“You are the witness. If you change your perspective and see these emotions for what they are, you are not them; you are human consciousness witnessing what comes into focus. You can let them take over or you can control your mind and your will. You let external elements influence your actions, or you take control of your emotions and can make decisions that take you where you want to go in life. It’s a choice and only you can make it.”
New Trader sat quietly. That was deep.
Join New Trader in the next installment of his trading journey. He's come a long way, but he still has much to learn from his mentor, Rich Trader. Learn more about entries and exits, trend following essentials, and risk management and psychology.
Praise for the first edition of New Trader Rich Trader 2:
As in all of Steve’s books, I am consistently amazed at how, despite his obvious mastery of our business, he can recall with intimate detail what it was like to make the full gamut of “New Trader” mistakes. “New Trader, Rich Trader 2” will have New Traders reaching for their highlighters, while Rich Traders smile knowingly at distant memories of painful missteps.
Wherever you are in the journey from New to Rich Trader, this book is an indispensable tool filled with lots of “Aha” moments. To Steve, congratulations on a job well done, and to all the New Traders reading this, pat yourself on the back for having found an indispensable aid in your journey from novice to pro.
Richard L. Weissman, Professional Trader and Author of Trade Like a Casino
New Trader paused in thought.
“If I’m not in control, then my emotions are based on my impulses, bad attitude, preconceived beliefs about how things work, the fight or flight instinct, and possibly a self-constructed ego that feels threatened by failure or maybe even by success.” New Trader said.
Rich Trader nodded. “You’re none of those things. Don’t let them control your mind and your actions.”
“But if I’m not any of those things, then what am I?”
“You are the witness. If you change your perspective and see these emotions for what they are, you are not them; you are human consciousness witnessing what comes into focus. You can let them take over or you can control your mind and your will. You let external elements influence your actions, or you take control of your emotions and can make decisions that take you where you want to go in life. It’s a choice and only you can make it.”
New Trader sat quietly. That was deep.
Join New Trader in the next installment of his trading journey. He's come a long way, but he still has much to learn from his mentor, Rich Trader. Learn more about entries and exits, trend following essentials, and risk management and psychology.
Praise for the first edition of New Trader Rich Trader 2:
As in all of Steve’s books, I am consistently amazed at how, despite his obvious mastery of our business, he can recall with intimate detail what it was like to make the full gamut of “New Trader” mistakes. “New Trader, Rich Trader 2” will have New Traders reaching for their highlighters, while Rich Traders smile knowingly at distant memories of painful missteps.
Wherever you are in the journey from New to Rich Trader, this book is an indispensable tool filled with lots of “Aha” moments. To Steve, congratulations on a job well done, and to all the New Traders reading this, pat yourself on the back for having found an indispensable aid in your journey from novice to pro.
Richard L. Weissman, Professional Trader and Author of Trade Like a Casino
- GenresFinance
104 pages, Kindle Edition
First published May 12, 2014
120 people are currently reading
238 people want to read
About the author
Steve Burns
75 books87 followersSteve Burns has been investing in the stock market successfully for over 20 years and has been an active trader for over 14 years. He is the author of six books and ranks near the top 500 of all reviewers on Amazon.com. He has been featured as a top Darvas System trader and interviewed for the Wall Street Journal blog, Traders Magazine, and Michael Covel. He has also been a contributor to Traders Planet, ZenTrader.ca, and SeeitMarket.com. He lives in Nashville, TN with his three children, Janna, Kelli, and Stephen III. He trades his own personal accounts.
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Displaying 1 - 9 of 9 reviews
March 29, 2019
Excellent sequel
This is a excellent sequel to the first book. It is one that is more about mental frame and correct behaviour. I think the combination of the two books is key to make you think and decide upon what to do. A good block in the growing process.
This is a excellent sequel to the first book. It is one that is more about mental frame and correct behaviour. I think the combination of the two books is key to make you think and decide upon what to do. A good block in the growing process.
November 27, 2022
New Trader,Rich Trader
Wow.
Journey through a Good trade and a bad trade.
Simply and clear understanding of self management of risks,trades and rewards.
Essentially robotic trading based on the market generosity.
Need to be read repeatedly until the rules become second nature.
Wow.
Journey through a Good trade and a bad trade.
Simply and clear understanding of self management of risks,trades and rewards.
Essentially robotic trading based on the market generosity.
Need to be read repeatedly until the rules become second nature.
January 17, 2019
I wish i read this book 2 year prior. It will save me alot of money.
Read
June 16, 2022Tons of principles in such a small book. Can't wait fir #3!
October 15, 2022
You must give your time for this book
The best book for beginners and even those who are trading from long time.
Invest your money in right thing.
The best book for beginners and even those who are trading from long time.
Invest your money in right thing.
April 21, 2023
Awesome book with many awesome advice. Also the chemistry between the new trader and the waitress was really cute .
January 3, 2019
Concise and Straightforward
This book laid out many of the common principles, areas of danger, and winning strategies necessary to be a successful trader.
This book laid out many of the common principles, areas of danger, and winning strategies necessary to be a successful trader.
February 19, 2019
This book focuses more on the psychological aspects of trading compared to the first part. Overall was a very quick read and some good takeaways.
Displaying 1 - 9 of 9 reviews