1. Good speculators are always waiting, always patient. Waiting for the market to confirm their judgment
2. Don't completely trust your judgment until the market's performance confirms your opinion
What if their speculations arent same with the outcome of the market? Some speculators are sometimes right or wrong and we cant really say how good they are unless they have some past result of speculations that have happened with their reasoning.
Sometime you need to trust your judgement whether the market confirms it or not. How do you learn if youll depend on the result itself. Execute and when the market gives you the exact thing you wanted then be greatful, you got it already.