Steve Burns

Steve Burns


I tweet about trading, financial markets, & financial freedom. I also share what I find inspiring & motivating. I am a trader & the founder of https://t.co/TT0duLcHc3

464041 followers  •  233 follow  •    •   https://newtraderuniversity.com

Find out what she believes is a hedge against deflation. 👇 A Deflationary Crash Is Coming: Cathie Wood Prediction

Here are ten trading paradoxes that I have come to believe on my own path to profitable trading. (Par·a·dox- A statement contrary to received common opinion). A thread 🧵👇

The less I trade the more money I make by avoiding trades taken from impatience and boredom and focusing on good set ups.

My number one job as a trader is to manage risks and keep the capital I already have not make money.

The ability to admit you’re wrong about a trade & get out is more important than being confident in a wining trade & staying in no matter what. The risk of ruin is greatest when you have conviction about a trade & can’t accept when you’re on the wrong side of a strong trend.

Opinions, projections, and predictions are worthless, trade the price action. Good trading systems can only take signals in the present moment. The future does not exist yet.

Only date your stocks but marry your risk management. Stocks are only good if they’re going up. Same for cryptocurrencies.

The smaller and more focused my watch list the better I trade what is on my watch list because I know the backtested price action and the historical charts very well.

Every market peak in 2022 has been the last week of the month: via @SuburbanDrone  👀 $SPY

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Amazon is not just online. They are making a big move into physical retail stores. 👀 $AMZN

Jim Cramer hated Tesla at $17 in 2010, Elon Musk’s response is priceless: $TSLA

The "buy the close, sell the open" strategy is now up nearly 1100% since 1993, while the "buy the open, sell the close" strategy" is still negative. via @bespokeinvest  $SPY

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Understanding taxes in 20 seconds. By @DentesLeo 

95% of Americans are not allowed by law to invest in start-ups. Only ‘accredited investors’ are entitled to do so, but you can buy lottery tickets all you want or go to Las Vegas to gamble. ??

10 lessons from the book: “How I Made $2,000,000 in the Stock Market” by Nicolas Darvas A thread 🧵 👇

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Understanding taxes in 20 seconds. By @DentesLeo 

It’s 2018 so we now have this....

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