My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of this site's top reviewers for books about trading and investing having read and reviewed several hundred books.
The topic is his book New Trader, Rich Trader: How to Make Money in the Stock Market.
In this episode of Trend Following Radio we discuss:
- Tech bubble of the late 1990s
- Chapter titles in Burns' book
- Problems with buy and hold
- How "rich" can be a mindset rather than a number
- The role of luck and circumstance in trading
- Staying away from the need for constant action and waiting for the "fat pitch"
- Developing a robust system
- Staying away from predictive trading approaches
- Viewing the markets as a video game as a means to help with trend trading understandings
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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Hope you enjoy my never-ending podcast conversation!
