The Origins of a Professional Speculator
The Origins of a Professional Speculator
The Origins of a Professional Speculator
How to Becomea Talented Speculator
Whenever we hear the word speculation the first thing that in general comes to our minds is wall street, currency traders and othergambling markets, easy extra dollars. What is the correct meaning of a speculator? What is the right definition ofspeculation?
It is far more contented to make a living speculating than working forhorrible employer on an hourly misery wage.
- But speculation is very risky. Sad skeptics may sadly respond
Finishing this guide you clearly understand how to become a Professional speculator in your specific area, no matter which,
The root for the word speculate comes from the Ancient Latin language speculari, to spy out. See ahead, therefore making the speculator the smart folk who is engagedin looking ahead. By imagining on probableemininent events you may profitfrom those silly people who don't, and even give them a hand . How?
Legend relates that in China there was a lack of food in between crops. Nobonds and central banks. Just plain rice! So relying on the probable event that between crops there was a repeating need to bepleased, speculators started stocking rice during the season and selling off season, helping the sad and poor population to feed themselves and making a well deserved profit fromthis trade.
Let's start bysmall things. The 7:00 AM bus. You know almost always the 7:00 AM bus is famously crowded and the horrible traffic to town is already jammed. By smartly using the 6:45 AM bus, instead, those 15 minutes probably saving over an hour in transportation. No need forlooking for a broker, no need for money,thinking ahead is the only existing requirement. Congratulations! by adjusting the clock and cautiously catching the 6:45 AM bus instead, you completed a speculation.
Once you identified some speculation with obvious facts, and enjoyed gain of them, the next step is appreciating, in order tofocus our minds toidentify more opportunities happening right now, but demandsproper attention .
How do we appreciate?Remember the speculation process . Recall the process of identifying the event about to happen, how we did prepare and advantage angles that arised of it, and the whole benefit. When we visualize and we feel that feeling when we had our tiny victory , and weconcentrateon it, expand it, as an exercise, this sets the brain intoidentifying andmagnetize constantly paralele situations like that one in to our attention where we take advantage from. It opens our eyes.
You may move eventually to trading real estate,trading bonds and everything else... but why risk your save capital, if you have one , if there are so many opportunities so close to you waiting to be exercised? Why don't we start asking to see these opportunities? It could be a newservice idea another noble clientto approach, something to propose to you next door friend . One more thing I can guarantee for sure. If you don't ask, you will not receive.
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