Hot Wallet

New Trader Rich Trader | Steve Burns


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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!

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    This is not investment advice or an endorsement of the securities or property mentioned.

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    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

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    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

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    Hot WalletBy Scott McGregor