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#5
September 25, 2002, 01:15 PM
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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 |
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