New Trader Rich Trader | Steve Burns

Steve Burns has successfully traded in the stock market for over 30 years. He has read over 400 Books about Trading and is a walking Encyclopedia when it comes to market history. He's authored over 25 Trading Books with his wife, Holly, and is one of the most influential Tweeters off Wall Street. Scott and Steve discuss:

Getting to Financial Independence

Navigating the Current Market

How to Develop a Trading System

Surviving Drawdowns

Investing vs. Trading

Steve Reading over 400 Trading Books!

The 5 Things Every New Trader Needs to Succeed

Artificial Intelligence & ChatGPT

Bitcoin & Digital Assets

MUCH MORE!

----------------------------------------------- This is not investment advice or an endorsement of the securities or property mentioned. Please Press FOLLOW on the platform you're consuming this on and LEAVE A 5 Star Review to help support the show. Official Website: http://www.hotwallet.ca Follow Scott on Twitter: http://www.twitter.com/scottrades Send me some SATS on Fountain.fm: https://fountain.fm/hotwallet?code=645358d750 ----------------------------------------------- Follow Steve on Twitter: https://twitter.com/SJosephBurns New Trader U: https://www.newtraderu.com/ Get New Trader Rich Trader on Amazon (Canada): https://a.co/d/03Mqd9d Get New Trader Rich Trader on Amazon (USA): https://a.co/d/cvJpD3A

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0:00 Intro 0:48 Steve's Beginning  2:05 Current Market Conditions 3:28 Current Trading System 4:26 Backtest a Trading System 6:28 Trader vs. Investor 8:13 Removing Bias 8:57 Surviving a Drawdown 11:25 Creating a Trading Plan 13:29 After-Hours Preparation 14:50 Reading over 400 Trading Books 15:47 Connecting with Trading Authors 17:03 Learning from Legendary Investors  17:49 Favorite Trading Books 20:45 Deciding on What to do 21:12: Writing  23:05 New Trader Rich Trader 25:16 Hearing about a Blowup 27:20 Advice for Starting at Zero 29:09 5 Things Every Trader Needs 31:40 Trading Resources  34:28 Path to Financial Independence.  36:19 Setting Goals 38:24 Bitcoin & Crypto 39:44 AI and ChatGPT 42:09 Social Media & Elon Learn more about your ad choices. Visit megaphone.fm/adchoices