Great traders don’t look back, but ahead to the next trade

If there's one mantra every trader should abide by, it's that your most important trade is your next one, says John C Burford.

I don't know about you, but I find the sport of golf to be almost as frustrating as trading! The psychology of golf (and sport in general) and the psychology of trading have a great deal in common.

The trader is alone and up against the market.

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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.