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Steve Burns 10 Golden Trading Rules

Steve Burns 10 Golden Trading Rules

Steve Burns’ 10 Golden Trading Rules

Steve Burns is trader, author , teacher and blogger.

  1. Trade based on price action; not opinions, predictions, or emotions.
  2. Trade in the direction of least resistance in your time frame.
  3. Develop your own profitable trading system.
  4. Only trade in markets after you have back tested your system or studied historical charts.
  5. Use a trading plan that sets the parameters for your system’s implementation.
  6. Follow your trading plan with discipline.
  7. Only enter trades with a 1:3 risk to reward ratio.
  8. Never lose more than 1% of your total trading capital on any one trade.
  9. Never lose more than 3% of your total trading capital on your worst day.
  10. Bring your mathematical risk of ruin to as close to zero as possible.

He has authored over 16 short books with easy and understandable content.

  1. The Ultimate Trading Risk Management Guide
  2. Trading Habits.
  3. Moving Averages 101.
  4. 50 Moving Average Signals.
  5. New trader New Rich.
  6. You want to be a trader.
  7. Investing Habits.
  8. New Trader 101.
  9. New Trader New Rich 2.
  10. Buy Signal Sell Signals
  11. Calm Trader.
  12. Options 101.
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