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 Will 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
Hosts

Jonathan Farrelly – Host
Jonathan started his trading journey over 16 years ago, learning from some of the best institutional traders in the world. Over the last 9 years Jonathan has taught 1000’s of retail traders how to successfully navigate the financial markets. Jonathan’s ethos has always been based on transparency with the goal to help new & experienced traders achieve their goals.
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Steve Burns– Guest
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.
Steve Burns Website: https://www.newtraderu.com
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
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