My split-bet strategy works

John C Burford explains how using his split-bet strategy can take some of the stress and anxiety out of trading.

On Monday, I outlined what I believe is one of the key elements in learning how to become a good trader. You need a certain level of understanding of yourself to prosper in what is one of the toughest careers in the world. There are no rewards for failure here.

Let's say you are a Trader A type (see Monday's post) and bought gold last December at the $1,080 level and saw it embark on a terrific rally to the recent high at the $1,280 level. You had analysed the charts last year and concluded that the market was oversold with hedge funds massively bearish.

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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.