Bruce grew up in New York State and attended Yale University and the University of California at Berkeley. He received his Bachelor's degree in Business Administration as well as a law degree. His career as a federal prosecutor included the successful prosecution of Manson family member Sandra Good in connection with the conspiracy to assassinate President Ford. He has tried many cases as defense counsel including a first degree murder case. Bruce was also a part-time law professor for thirteen years.
In 1979, at age 35, he left his law office to concentrate on commodity trading and has since become an internationally recognized expert on commodity futures trading systems. In April, 1983, Bruce started publishing Commodity Traders Consumer Report. This monthly magazine tracks the performance of the top commodity advisory services and has made a significant impact on the industry. Each issue is a complete reference guide to commodity trading information and includes Major Moves, a long-term, special-situation advisory letter. In December, 1995, Bruce sold CTCR to Courtney Smith. The Reality Based Trading Company continues to sell books and trading systems authored by Bruce.
Bruce wrote eight commodity trading books, which include The Business One-Irwin Guide to Trading Systems, Trendiness in the Futures Markets, Profitable Commodity Futures Trading From A to Z, and The Four Cardinal Principles of Trading. Bruce collaborated with Peter Brandt to edit and publish Trading Commodity Futures With Classical Chart Patterns and with Gary Smith to edit and publish Live The Dream By Profitably Day Trading Stock Futures. He was a co-author of Trading Strategies and High Performance Futures Trading and had numerous articles published in Futures magazine and Technical Analysis of Stocks and Commodities. He was profiled in Market Masters by Jake Bernstein. Bruce's work was written about in The Wall Street Journal, Barron's, Forbes and Money magazine, among others. He appeared many times on the Financial News Network. He was an occasional seminar sponsor and speaker. In addition to all his writing on futures trading, Bruce also designed numerous computer software programs for traders. These include twenty-five different optimizable trading system programs, two unique trading tools, and three data management programs for using continuous contracts. Bruce was one of a very few system vendors who actually traded with the systems he sold. Between 1991 and 1997, trading multiple systems, his account was up 63, 61, 24, 66, 101, 46 and 47 percent. (Past performance is not necessarily indicative of future performance.)
On October 8, 1998, Bruce Babcock lost his five-year battle with cancer. We are eager to carry on the task of bringing his insights and trading tools and systems to aspiring and veteran traders. The legacy of truth that he left is vast and timeless.