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Why short selling is losers game- Ed Seykota

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Ed Seykota has this in response to why not to use a short selling technique. I have tested hundreds of systems and my conclusion is similar- in the stock market short selling is losers game
In general, long-term simulations on Trend Following systems tend to show better results on the long side.
This correlates with the observation that volatility is proportional to price, so when you play from the long side you are starting with lower volatility and therefore a better reward / risk possibility
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