How I took 450 pips out of the Dow this morning

In a trade that perfectly illustrates the low-stress nature of using his simple trading and money management rules, John C Burford takes a 450-pip profit from the Dow.

This afternoon I want to follow up Monday'spost on the Dow, since it perfectly illustrates the low-stress nature of trading with my very simple trading and money management rules.

I fervently believe that many traders trade emotionally, allowing themselves to be whipsawed one way and then the other by the news. That's something I observed at the recent MoneyWeek Trader workshops.

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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.