NEW TRADER RICH TRADER - Booming Bulls Academy

1 NEW TRADER rich TRADERSTEVE BURNSHOLLY BURNS Copyright 2017, Stolly Media, rights reserved. No part of this publication may be reproduced, distributed, ortransmitted in any form or by any means, without the prior written permission of thepublisher, except in the case of brief quotations embodied in critical reviews andcertain other noncommercial uses permitted by copyright 1 Chapter 2 Chapter 3 Chapter 4 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18 Want to learn more?

2 About the AuthorsDISCLAIMERThis book is meant to be informational and shouldn t be used as tradingor investing advice. All readers should gather information from multiplesources to create their personalized investment strategies and tradingsystems. The authors make no guarantees related to the claims containedherein. Always seek the advice of a competent licensed professionalbefore implementing any plan or system that involves your money. Pleaseinvest and trade I first met Steve on Twitter, I was curious to know why so manypeople followed him so faithfully.

3 It didn t take me long to figure it out;Steve is one of the most genuine traders I you follow him on Twitter, you know he specializes in timelesswisdom and practical trading tips to improve trading results, and that heis ready to lend a helping hand, even if he doesn t know the book you re about to read is an extension of who he is. New TRADER , rich TRADER is a book filled with timeless tradingprinciples. If you re a new TRADER , it will teach you what works in themarket and help reduce your learning traders will be delighted to see that the key principles oftrading are reinforced, and they may even have an aha moment thattakes their trading to the next are some of the things you ll learn in this book:How to transition from a new TRADER to a rich traderHow to understand the psychology of a professional traderHow to set expectations; how much can you really maketrading?

4 How to apply quick and easy risk management principles soyou don t blow up your accountHow to find a trading methodology that works for youWhat you should look for in a winning trading strategyWhat I love most about New TRADER , rich TRADER is the style. Evencomplicated principles are simple to understand. You will feel like youhave a mentor guiding you every step of the way. I know you ll enjoy thisbook as much as I did!To your success,Rayner ONEPSYCHOLOGYONENew Traders are greedy and have unrealistic expectations; rich Traders arerealistic about their NEW TRADER awoke bright and early, he could feel hisexcitement building with every on his computer, he thought about all the hard work thatwent into building his account; all the hours of overtime at his first job,and delivering pizzas on part of his life was now over.

5 His heartbeat quickened as hetyped in his username and password. And there it was, his $10,000 was could he not be? He had been trading through simulatedaccounts for over a year, watched financial news, and followed tradinggurus way he saw it, it was an account lost too much money, he simply opened a new when he won, his selective memory would choose to forget that theaccount had also suffered a lot. This fed his ego, convincing him that hecould easily outperform the TRADER projected that he could double his account in a fewmonths, then double it again, bringing his account to $40,000 by the endof the year.

6 It would be simple. He had read a few books about legendarytraders, and now all he had to do was repeat what they had for New TRADER , he didn t understand that these sametraders suffered losses and faced difficulties before achieving had blown up their accounts, some losing 50% or more of theirstarting capital. Others went bankrupt when they didn t control their riskor ignored their trading New TRADER wasn t thinking about any of that. He was high on thethought of his $10,000 in buying power. His excitement pushed any fearor doubt to the back of his familiarized himself with the platform s tools.

7 Charting softwareand the trading process on his broker s platform were new to him, but hewas eager and hungry to that he was ready, there was only one question left, what totrade?To reach his initial goal, he knew he would need a stock that woulddouble quickly. Or maybe he should use his entire account and trade onestock three times for a 26% return, each was good at math and finding solutions to problems. Trading wassimply math, and math was simply logic, and New TRADER was so he head swam thinking about compounded returns; he would be amillionaire in a few years, just like his trading heroes!

8 One of his heroes, rich TRADER , lived in the same city. New TRADER hadstarted visiting him to ask questions about becoming a TRADER . Maybe heshould pay him another visit and get some last-minute advice, not that heneeded it, of TRADER soon found himself knocking on rich TRADER s door. Theyexchanged pleasantries and rich TRADER invited him in. I suppose this is about that first account of yours? rich TRADER saidwith a wry smile. I appreciate you answering my questions, the younger man TRADER handed a cup of freshly brewed coffee to New TRADER andsettled into his favorite TRADER wasted no time.

9 My plan is to double my account in afew months, and then double it again so I can build it up to $40,000 totrade with next what? A wide grin had spread across rich TRADER s face as he took a sip ofcoffee. You re planning to be one of the top traders in the world the firstyear you trade? That s a very aggressive goal for a beginner. I just need to find a stock that doubles twice, or have 26% returnscompounded three times! This was the overeager exuberance RichTrader had come to expect from the younger TRADER shook his head, removed his glasses, and rubbed his eyes.

10 Well, New TRADER , he said after a pause, while those returns arepossible, they typically only happen during special time periods; in the late 20s bull market, or the Internet stock boom of the late 90s, for ultra-high growth stocks like Cisco, Google, or Apple did performincredibly well for long periods of time, but those aren t typical only do you have to find these above average performers, but youmust have the right system in place to buy and sell at the right time. Thathot stock you re in love with could just as easily fall 50% instead ofdoubling in price.