Economic Speculation is the economic principle that enables my simple trading system to work. It can completely change your outlook to the market and other traders.
Instead of seeing other market participants as competitors, you must begin to see them as your customers. You must ask, like any other successful business, How may I serve?
The key to serving is through a new definition of speculator. Most people think of a speculator as a risky trader who bets big. But there is a different definition of a speculator in economics:
The economic role of the speculator is to provide liquidity to a market, in order to balance supply/demand.
So, you are going to achieve trading success by satisfying a solid economic need in the marketplace.
When everyone wants to sell, you will serve them by buying, and adding to your inventory. When everyone wants to buy, you will serve them by selling to them from your inventory.