By Bryan Bottarelli I’d like to open today’s Trade of the Day with a quote from Max Gunther’s The Zurich Axioms:
Accept small losses cheerfully as a fact of life. Expect to experience several while awaiting a large gain.
A big part of Smart Speculation is being properly positioned ahead of time for a future move to occur.
If executed properly – and your speculative position hits – you’ll be cashing in when everyone else is hearing about the payoff for the very first time.
Even if a speculative position doesn’t hit (which will happen), don’t worry – because you likely won’t suffer a catastrophic loss.
You see, …read more
