When to pull the trigger on a trade

Swing trading is a bit like a hunter stalking its prey, says John C Burford. You have to know exactly when to go in for the kill.

Swing trading is very much like a hunter stalking a prey. You need to tread carefully and only fire when the prey is well in your sights with little chance of missing.

Because a hunter has a rifle and knows there are deer in the vicinity, that doesn't mean he or she can open up on anything that moves. That would be a waste of expensive ammunition!

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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.