I think as a trader you have to speculate to make sure that you trade right, because if you're able speculate correctly then there's high chances of gains compared to just trade randomly. For me, trading is not something that we should be joking around because it can mean we may lose a lot of money. Thus, if you want to be successful in trading you have to have good speculation.
Everything about trade to me is still speculation, because I do not think we canreally do without speculating, it just depends on how the speculation is being done, we have childish speculation and we have matured speculation based on my own type.
A childish speculation is the one you see people just pick a value without any reason and believe in their heart using intuition, while a matured one is the one you use all available analysis to arrive at, which are the technical analysis and fundamental analysis before one can speculate, that a trader should not speculate, I have a reservation about that.