Meet the Legendary Speculator You’ve Never Heard Of

"It’s best when traders focus on one thing at a time, as no one can be an expert at too many things. This is why it makes more sense to have a few stocks and watch them carefully than to diversify."


It does not apply anymore. As someone showed recently, it is possible to auto-trade 30+ futures without lifting a figure.
 
stwh said:
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– Speculator comes from Latin “speculari” which means to spy out and observe. To be a successful speculator, three things are necessary: to get the facts, to form a judgement as to what those facts portend and then to act in time before it’s too late.
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Monitor Analyze Decide Act (MADA)
 
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