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