New Trader Rich Trader

2nd Edition: Revised and Updated

By: Steve Burns, Holly Burns

Narrated by: K. Foster

Length: 3 hrs and 16 mins

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

Insightful...

Allowed for a good comparison From a novice to the experienced. Pleasant journey where every chapter drops a solid pearl...

Nice content and format to help new traders.

Nice content and format to help new traders build a trading system and rules for discipline.

children's book for traders.

decently done. covered a lot of ideas. the story took away from the information. but over all creatively constructed.

Superb and invaluable

This content is invaluable to the novice trader. Even more so to the struggling trader who wishes to become consistently profitable. My only gripe is that the Chapters as read out by the narrator do not correspond with the audio book chapters menu. Otherwise superb narration.

New Trader Basics

I've recently gotten into trading a couple months ago, I was recommend this. very helpful book. I'd recommend to those looking to learn basics from a professional trader.

Great listen

Awesome listen for anyone looking to get into trading. Great content and direction. Highly recommended

Must have for a trader

Like any other trading book out there, you won't find the holy grail to success so if this is your case I would strongly suggest you seek success outside of the markets. First, you'll have to listen past the story line of this book. Although the story is a little too forced in the sense of some rich trader just "helping" out a new trader. The message is very simple: Don't over trade, don't overload with size, use a good risk/reward method depending on your trading preferences, and overall learn from previous bad trades or trades that could have been better (in hindsight) I recommend this book for any trader whether you're experienced or new as this has some great reminders for those very little details which tend to be forgotten or overlooked, but are very detrimental to manage a good or a bad trade.

Puts trading into perspective

started out slow, but it really lays out the groundwork required for new traders to be successful. Good starting point for perspective traders

Simple beginner trend trading book

Great anecdotal fable, this will teach you from the mentor/student model, common pitfalls new traders have can be overcome.

Learn the simple mistakes that can be avoided.

Trend trade!

It’s the simple profitable method that works.

Journal, manage emotions.

“Trading is rocket science, find a rocket and ride it (to profits)”
New trader, Rich trader - Steve Burns

Awesome book for improving mindset of a new trader

The book is written very creatively, the new trader experiencing a wide range of emotions and making discoveries about trading. As he gains experience he keeps visiting rich trader, who gives him advice that shapes him into a successful trader. It is a very realistic approach with good information for traders with less than 2 years experience.