Steve Burns
210.8K posts
Steve Burns
@SJosephBurns
I tweet about trading, financial markets, & financial freedom. I also share what I find inspiring & motivating. I’m a trader & the founder of NewTraderU.com
- Why it’s hard to trade against an algo:
- Breaking: Bears bankrupted and turned to stripping for money:
00:00 - Nobel Prize-winning economist Milton Friedman explains that only one thing causes inflation, regardless of opinions:
- Jim Cramer hated Tesla at $17 in 2010, Elon Musk’s response is priceless: x.com/WallStreetSilv… $TSLA
- Rich traders: “We mostly just sit around reading, thinking and waiting.” – Stanley Druckenmiller
- Inflation explained:
- 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. This shows investors and traders are rewarded for carrying overnight risk. $SPY
- Charlie Munger said: “If all you ever did was buy high-quality stocks on the 200-week moving average, you would beat the S&P 500 by a large margin over time. The problem is, few human beings have that kind of discipline." 📉
- Trading is a dream job for an introvert.
- Getting rich is slow. Going broke is fast and easy.
