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The Truth About Trading Success Nobody Teaches | Steve Burns
Manage episode 518730665 series 2921169
The Truth About Trading Success Nobody Teaches; explore how trading discipline, painful losses, and decades of experience shaped one of the most respected traders in the game.
Steve Burns shares how he transformed early mistakes into a long-lasting edge through rule-based systems, precise risk control, and a mindset focused on compounding small wins. Whether you are new to trading or refining your system, this episode offers critical lessons on what it truly takes to survive and thrive in the markets.
Trading discipline is not just a buzzword. It is the defining trait that separates amateurs from professionals. In this episode, Steve Burns reveals how painful drawdowns, decades of real-world lessons, and a strict focus on risk management helped him achieve lasting success in the markets.
With nearly 30 years of trading experience, Steve shares his transition from high-risk speculation to a methodical, rules-based approach. He breaks down how compounding small gains can lead to massive results, why position sizing is critical to trader psychology, and how most traders fail before they even learn what matters.
What You’ll Learn in This Episode:
- Core principles of trading discipline and emotional control
- How compounding and small wins drive long-term growth
- Building a system that protects capital and preserves gains
- The role of position sizing in reducing emotional volatility
- Managing drawdowns with systematic exits
- Backtesting techniques and avoiding data bias
Timestamps
00:00 – Introduction
04:58 – From amateur to professional: learning the hard way
10:30 – Compounding: small wins, big future
16:20 – Risk control, edge, and protecting profits
22:45 – Steve’s watchlist and technical setup
30:15 – Backtesting strategies and common mistakes
37:10 – Current markets, liquidity, and trader sentiment
43:50 – What Steve would do differently
48:15 – Final thoughts and advice
About Two Blokes Trading
Two Blokes Trading is one of the world's biggest trading podcasts, with over 900,000 listeners and a rapidly growing social media app built for traders. Our platform empowers retail traders with AI-driven tools, real-time sentiment analysis, and expert market insights. We turn complex data like insider trades and global trends into smart, actionable trade ideas once reserved for institutions. With cutting-edge technology and clear education, Two Blokes Trading helps everyday traders move faster, think smarter, and trade like professionals.
About Steve Burns
Steve Burns is the founder of New Trader U, a veteran trader, educator, and author of more than 17 books on trading strategy, risk management, and psychology. Since 1995, Steve has helped thousands of traders transition from impulsive to intentional trading through structured systems, backtested strategies, and timeless principles.
This episode is sponsored by our partnered broker Forex.com. For more information or to setup an account click the link below.
https://stonexmarketingpartnerships.ck-cdn.com/tn/serve/geoGroup/?rgid=4&bta=40159
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Connect with Us
Instagram: https://www.instagram.com/twoblokestrading/
Facebook: https://www.facebook.com/share/1GoiMXNh4G/
Steve Burns Website: https://www.newtraderu.com
137 episodes
Manage episode 518730665 series 2921169
The Truth About Trading Success Nobody Teaches; explore how trading discipline, painful losses, and decades of experience shaped one of the most respected traders in the game.
Steve Burns shares how he transformed early mistakes into a long-lasting edge through rule-based systems, precise risk control, and a mindset focused on compounding small wins. Whether you are new to trading or refining your system, this episode offers critical lessons on what it truly takes to survive and thrive in the markets.
Trading discipline is not just a buzzword. It is the defining trait that separates amateurs from professionals. In this episode, Steve Burns reveals how painful drawdowns, decades of real-world lessons, and a strict focus on risk management helped him achieve lasting success in the markets.
With nearly 30 years of trading experience, Steve shares his transition from high-risk speculation to a methodical, rules-based approach. He breaks down how compounding small gains can lead to massive results, why position sizing is critical to trader psychology, and how most traders fail before they even learn what matters.
What You’ll Learn in This Episode:
- Core principles of trading discipline and emotional control
- How compounding and small wins drive long-term growth
- Building a system that protects capital and preserves gains
- The role of position sizing in reducing emotional volatility
- Managing drawdowns with systematic exits
- Backtesting techniques and avoiding data bias
Timestamps
00:00 – Introduction
04:58 – From amateur to professional: learning the hard way
10:30 – Compounding: small wins, big future
16:20 – Risk control, edge, and protecting profits
22:45 – Steve’s watchlist and technical setup
30:15 – Backtesting strategies and common mistakes
37:10 – Current markets, liquidity, and trader sentiment
43:50 – What Steve would do differently
48:15 – Final thoughts and advice
About Two Blokes Trading
Two Blokes Trading is one of the world's biggest trading podcasts, with over 900,000 listeners and a rapidly growing social media app built for traders. Our platform empowers retail traders with AI-driven tools, real-time sentiment analysis, and expert market insights. We turn complex data like insider trades and global trends into smart, actionable trade ideas once reserved for institutions. With cutting-edge technology and clear education, Two Blokes Trading helps everyday traders move faster, think smarter, and trade like professionals.
About Steve Burns
Steve Burns is the founder of New Trader U, a veteran trader, educator, and author of more than 17 books on trading strategy, risk management, and psychology. Since 1995, Steve has helped thousands of traders transition from impulsive to intentional trading through structured systems, backtested strategies, and timeless principles.
This episode is sponsored by our partnered broker Forex.com. For more information or to setup an account click the link below.
https://stonexmarketingpartnerships.ck-cdn.com/tn/serve/geoGroup/?rgid=4&bta=40159
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Connect with Us
Instagram: https://www.instagram.com/twoblokestrading/
Facebook: https://www.facebook.com/share/1GoiMXNh4G/
Steve Burns Website: https://www.newtraderu.com
137 episodes
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