Speculation Breakdown

Article from ZeroHedge titled Doug Casey’s 9 Secrets for Successful Speculation. Nine points made worth driving home:

Secret #1: Contrarianism takes courage.
Secret #2: Success takes discipline.
Secret #3: Analysis over emotion.
Secret #4: Trust your gut.
Secret #5: Assume Bulshytt.
Secret #6: The trend is your friend.
Secret #7: Only speculate with money you can afford to lose.
Secret #8: Stack the odds in your favor.
Secret #9: You can’t kiss all the girls.

All issues expanded in original article. #4? Not trend following.

---
You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content. Out April 24th 2017.