Thread: Writing Options
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Old September 25, 2002, 01:15 PM
Robert M. Campbell
 
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Default Risk management AND money management ...

are the keys to long-term success in the markets.

You can flip a coin to determine whether to go long a stock - or sell it short - and make money ... IF you let profits run when you are correct (with a running stop-loss order in place, of course) AND you only risk 2% of your capital, for example, when you are wrong.

This oversimplified "system" works even better if your odds of making the correct buying or selling decision are greater than 50%.

Best wishes,

Robert M. Campbell




New book coming in 30 days: Timing the Real Estate Market