Trading Wisdom by Larry Hite & Marty Schwartz

Larry Hite While the speculator doesn’t have the product knowledge or speed, he does have the advantage of not having to play. The speculator can choose to only bet when the odds are in his favor. That is an important positional advantage. In the above quote, Larry is referring to the fact that smaller retail traders have the advantage of being able to sit out an wait patiently for the

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