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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

What members say

Average Customer Ratings

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    4 out of 5 stars
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    4 out of 5 stars

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.

1 of 1 people found this review helpful

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  • Ru
  • 12-29-18

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.

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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.

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Insightful...

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


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very informative

extremely well written and paced. takes you through the psychology and methodology in ways I haven't seen yet.

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Awesome!

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

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Really good info

Nice story telling and well worth the time and money, I will look for more book from y’all.

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  • Nick CM
  • Santa Cruz, CA USA
  • 06-02-18

Good material, worth a read (listen)

Practical advice on avoiding common mistakes, such as trading without a plan and through emotion rather than objectives. As a new trader, I could identify with the trader fictionalized in this book and found that he was asking questions and making mistakes similar to mine.

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Superb!!!

Great book on trading! Very surprised at the amount of knowledge packed in the short book. Great addition to my library!! Loved it!

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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.

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  • kian
  • 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.

1 of 1 people found this review helpful

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  • Shah Newaz Choudhury
  • 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.

1 of 1 people found this review helpful

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  • KAnimations
  • 01-06-19

Nothing less than astounding

I like that this book makes it feel as if YOU are the New Trader, learning from your mentor — Rich Trader. It’s fun, fresh, thorough and immensely informative. I have also listened to New Trader Rich Trader 2, and about to re-listen.

I recommend this reading for anyone, like myself, that is serious about trading the stock market; and don’t believe in the hype that it is a Get rich quick method to attaining wealth — because it’s not.

I am grateful for the fact that this books teaches and explains, in great detail, the three most important aspects of trading; such as:

.Methodology — Your System
.Psychology — Human Emotions, being Objective rather than Subjective
.Money Management — Trading Capital, Risk vs Reward & Share size.

I could go on and on about its many perks.

My only Con is that while it’s very informative, I shyly hoped for it to be longer. But i guess that’s what the 2nd one is for. :)

This was WELL worth my money.

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  • Anonymous User
  • 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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  • Alberto
  • 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