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New Trader 101: The Fastest Way to Grow Wealth in the Stock Market by Steve Burns is a concise, beginner-friendly guide that focuses on building a strong foundation in trading through psychology, risk management, and methodology. Drawing on over 20 years of experience, Burns emphasizes the importance of understanding one’s emotions, maintaining discipline, and managing risk to avoid common pitfalls that lead to trading losses. The book covers essential technical trading concepts like moving averages but prioritizes developing a personal trading system and mindset over complex strategies. It provides clear explanations, annotated charts, and practical advice to help new traders gain confidence and trade like professionals. The core message is to focus first on money and risk management, self-awareness, and system development before diving deeply into technical analysis. This approach aims to shorten the learning curve and increase the chances of long-term success in the stock market
New Trader 101: The Fastest Way to Grow Wealth in the Stock Market by Steve Burns is a concise, beginner-friendly guide that focuses on building a strong foundation in trading through psychology, risk management, and methodology. Drawing on over 20 years of experience, Burns emphasizes the importance of understanding one’s emotions, maintaining discipline, and managing risk to avoid common pitfalls that lead to trading losses. The book covers essential technical trading concepts like moving averages but prioritizes developing a personal trading system and mindset over complex strategies. It provides clear explanations, annotated charts, and practical advice to help new traders gain confidence and trade like professionals. The core message is to focus first on money and risk management, self-awareness, and system development before diving deeply into technical analysis. This approach aims to shorten the learning curve and increase the chances of long-term success in the stock market
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