Curtis M. Faith, Intuitive speculation - or how to earn millions without spending any time on it [REVIEW]

What does skydiving have to do with speculation on the stock market? And the choice of good companies with the decisions of firefighters and battalion commanders of soldiers? Contrary to appearances, quite a lot, as Curtis M. Faith - a legendary investor proves in the first part of the triptych on investment speculation, member of the so-called Turtle groups, making millions of dollars in speculation.

Not to make money, but to earn - let's face it, this is a motto that most of us would subscribe to. Author "Intuitive speculation" argues that it is possible. Just open up to your gut feeling. But beware, this is not another book in the style of "The Power of Attracting Money", which argues that by repeating to yourself before falling asleep that we will be rich, sooner or later wealth will be our everyday life. It's a book based on psychology, but also hard technical evidence. So how to combine in-depth technical analysis with a few minutes of work a day? 

First of all: intuition is not magic

The author argues that intuition, gut feeling, or any synonym of this word that allows us to make the right investment decisions, is not the easy way, but the effect of unconscious processes in our brain consisting of knowledge and experience. When we see a tiger running towards us, we don't have to analyze the strength of its jaws, the number of teeth and the speed of the run. We know right away that we have to flee or we will die. 

It is similar with investments. When we have the right knowledge and experience, we don't have to spend hours studying the charts, analyzing the resistance and support lines, reading all the economic news and watching economic debates on CNN. A moment is enough to make a decision. Okay, but how to do it? And here's the bad news: there are no shortcuts.

Nothing can replace experience

The author argues that the best way to learn speculation is… by speculating. And unlike most experienced traders, it does not encourage you to open a demo account. He proposes to jump right into the deep end and open a real investment account with real money. Of course, with a reasonable amount that we can lose - because there is no doubt that we will not become masters of speculation right away. 

Curtis M. Faith compares this to the science of skydiving, which he is enthusiastic about. When he started, he made every move in the air after thinking. He had to remember how to arrange a leg or an arm to make a turn or to fly away from the formation before opening the parachute. After hours of training in the wind tunnel, there are no such dilemmas anymore, everything just "just happens". It is enough to think about the fact that now there is to be a turn and it is already starting. The brain and the body are so trained that they don't need time to figure out what to do and how. They just do it.

Military commanders and firefighters, who have to make a decision in a split second, work in the same way. Also in stressful situations, often more so than on the stock exchange - after all, their subordinates' lives depend on their decisions. Meanwhile, experienced commanders do not analyze hundreds of data for hours because they do not have time for it, they simply give orders - because they know what to do. 

It's the same with investing. At some point, you can make decisions almost immediately after you glance at the chart and the price. According to many, it is intuition, but the author understands it as the sum of experience and knowledge, which does not have to be disturbed by information noise, of which there is more and more in our space. Therefore, it is also important not to fall into unnecessary transactions. 

“Sometimes the most appropriate thing to do is do nothing. Must be patient."

It's simple, isn't it?

Intuitive Speculation - Where to Buy

The book is available in Maklerska.pl bookstore at the price of 79 PLN.

We have a discount of all for our club members -5% to buy this book. Soon, a review of the book and a competition will appear in our website, in which you'll be able to win two copies.