The secret to successful trading: have a system and stick to it

Whatever your style of trading, you need to stick to a proven system to avoid losing your shirt, says John C Burford. Here, he looks at the Dow Jones's seemingly unstoppable rally, and identifies strategies for both conservative and adventurous traders.

This relentless rally in stock markets has, to me, all the hallmarks of a buying exhaustion.

It is so reminiscent of the heady days of 2007 with massive bullishness of institutional operators in stark contrast to deteriorating economies.

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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.