Discipline is essential for success in trading, as it allows traders to avoid making emotional decisions and to stay focused on their long-term goals.
The same old song with different names, where I try to correlate A to B.
Remember, optimize the sizing, not the move.
Volatility in your trading can be very emotional and emotions compete with discipline. That's why I avoid volatility like the plague. To the contrary, I trade high alpha with low standard deviation.
Speculate was adopted into English in the late 16th century from Latin speculatus, the past participle of the verb speculari, which means “to spy out” or “to examine.” Speculari, in turn, derives from specula, meaning “lookout post,” and ultimately from the Latin verb specere, meaning “to look (at).”
To Speculate = To Observe