Four key trading lessons that will keep you in the game

Following Monday's continued rally in the gold market, John C Burford sees his short trade end at the break-even point. Now, he draws fresh tramlines to reenter the market and makes four important conclusions to keep you in the game.

In my last post, I outlined the reasons why I shorted gold last week at $1,550.

They were very convincing reasons, even if I say so myself.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.