Get Your Free Audiobook

Listen with a free trial

1 credit a month to use on any title, yours to keep (you’ll use your first credit on this title).
Stream or download thousands of included titles.
Access to exclusive deals and discounts.
$16.45 a month after 30 day trial. Cancel anytime.
Buy Now for $20.83

Buy Now for $20.83

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions Of Use and Privacy Notice and authorise Audible to charge your designated credit card or another available credit card on file.

Publisher's Summary

New traders are greedy and have unrealistic expectations; Rich traders are realistic about their returns.

When New Trader awoke bright and early, he could feel his excitement building with every second.

Turning on his computer, he thought about all the hard work that went into building his account; all the hours of overtime at his first job, and delivering pizzas on weekends.

That part of his life was now over. His heartbeat quickened as he typed in his username and password. And there it was, his $10,000 trading account.

He was ready.

How could he not be? He had been trading through simulated accounts for over a year, watched financial news, and followed trading gurus online.

The way he saw it, it was easy....

Follow the journey of New Trader as he learns just how challenging trading can be! Explore psychology, risk management, and methodology in this revised and updated, best-selling classic!

Praise for the first edition of New Trader Rich Trader

"I love the structure of this book: Steve Burns points out huge differences between winners and losers in every area of the market. Each chapter takes up a pair of opposites, such as 'New Traders try to prove they are right; Rich traders admit when they are wrong.' Dozens of such pairs offer a psychological mirror to serious readers." - Alexander Elder, www.elder.com

"Here is a work that puts the reader in the mind of a fledgling trader who makes all the mistakes then learns from them. Told in an instructive and entertaining narrative, the author takes the reader through the trading concepts with a clarity and ease of understanding. A must read for beginning and intermediate level traders." - Dr. Chris Kacher, co-founder of www.SelfishInvesting.com and co-author of How We Made 18,000% in the Stock Market

©2017 Stolly Media, LLC (P)2017 Steve Burns & Holly Burns

What listeners say about New Trader Rich Trader

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    14
  • 4 Stars
    3
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    1
Performance
  • 5 out of 5 stars
  • 5 Stars
    13
  • 4 Stars
    4
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    12
  • 4 Stars
    3
  • 3 Stars
    0
  • 2 Stars
    1
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Phenomenal Book

Fantastic book for new traders. As a consistently profitable trader who has been through the tumble dryer of market tuition I can really relate to the concepts and story behind this book. You might not learn anything you didn't already know or intuitively understand, but this book drives the core ideas home in a concise and effective manner. Couldn't recommend it more.

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Highly recommended for new traders

Those that are new to trading or considering giving up trading because they aren’t “winning” will benefit from listening to this audio book.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

quick and insightful read

ideal for new trades who want to avoid the most common mistakes of the rookies. recommended if you're starting your trading career or if you're struggling to succeed

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Singsing
  • Singsing
  • 28-04-2019

Nice content and format to help new traders.

Nice content and format to help new traders build a trading system and rules for discipline.

3 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Ru
  • Ru
  • 29-12-2018

Superb and invaluable

This content is invaluable to the novice trader. Even more so to the struggling trader who wishes to become consistently profitable. My only gripe is that the Chapters as read out by the narrator do not correspond with the audio book chapters menu. Otherwise superb narration.

2 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for Jessi
  • Jessi
  • 14-03-2020

offers perspective

however, being sold a trader educational program at the ended was a poor choice. reduced the quality of the overall book

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anon Review, Esq.
  • Anon Review, Esq.
  • 25-07-2019

Solid advice for the new trader

This audio book is presented using the Socratic dialog format which keeps the listener engaged while dispersing a continual stream of pithy wisdom. The narrator does a fantastic job, so if you only tolerate great readers you will not be disappointed.

Most importantly, the advice is solid and someone about to start trading should take all this advice to heart. Experienced traders probably won't find anything new, but it was enjoyable and I never really get tired of hearing this advice as each time it sinks a bit deeper.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Benjamin Wearne
  • Benjamin Wearne
  • 06-10-2018

Awesome book for improving mindset of a new trader

The book is written very creatively, the new trader experiencing a wide range of emotions and making discoveries about trading. As he gains experience he keeps visiting rich trader, who gives him advice that shapes him into a successful trader. It is a very realistic approach with good information for traders with less than 2 years experience.

1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for M. Myers
  • M. Myers
  • 06-08-2018

Nuggets of wisdom in a tiny package

I enjoyed this book for it's mentor/protege style and it's simplicity and straightforward approach to trading. There are some solid bits of information here to study, digest, and apply. Trader mindset, learning from mistakes, managing expectations, controlling ego, finding your method, along with other topics. The author gives recommendations of other books to help with this journey. It's a short but solid primer on trading psychology. I also recommend Secrets for Profiting in Bull and Bear Markets by Stan Weinstein.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 21-10-2021

Just downloaded part 2

I’m a new trader just trying to learn as much as I can about the market and this book highlighted a lot of mistakes that I was making trading.

I highly recommend this book to any newbie to the market.

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for Ed Gatti
  • Ed Gatti
  • 08-06-2021

Must have for a trader

Like any other trading book out there, you won't find the holy grail to success so if this is your case I would strongly suggest you seek success outside of the markets. First, you'll have to listen past the story line of this book. Although the story is a little too forced in the sense of some rich trader just "helping" out a new trader. The message is very simple: Don't over trade, don't overload with size, use a good risk/reward method depending on your trading preferences, and overall learn from previous bad trades or trades that could have been better (in hindsight) I recommend this book for any trader whether you're experienced or new as this has some great reminders for those very little details which tend to be forgotten or overlooked, but are very detrimental to manage a good or a bad trade.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Ryan Jones
  • Ryan Jones
  • 11-03-2021

Excellently put from start to finish.

A rookie to a vet trader will take a lot away good information from listening to this book. Time is money and this is worth the time.

  • Overall
    5 out of 5 stars
Profile Image for Hasan
  • Hasan
  • 20-09-2020

excellent book

recommend book for those how suffer from looses in the market and looking for couching book

In the spirit of reconciliation, Audible Australia acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.