The central thesis is that a "Good Trade" is defined by following a proven process, regardless of whether it results in a profit or a loss. Conversely, a "Bad Trade" is one where rules are broken, even if the trader happens to make money through luck. 🛡️ Risk Management (The Good Trade Foundation)
A written document outlining entries, exits, and risk parameters. New Trader,Rich Trader 2: Good Trades, Bad Trades
Rich Traders never risk more than 1%–2% of total capital on a single trade. The central thesis is that a "Good Trade"
New Trader, Rich Trader 2: Good Trades, Bad Trades, written by Steve Burns and Jaki Burns, serves as a practical guide for evolving from a novice market participant to a disciplined, professional trader. The book utilizes a dual-narrative structure to contrast the impulsive, emotional decisions of the "New Trader" with the calculated, rule-based approach of the "Rich Trader." 📈 Core Philosophy: The Process Over the Outcome Rich Traders never risk more than 1%–2% of