Comment by tediousdemise
4 years ago
Kelley betting could probably be applied with some success to momentum trading strategies. Momentum trading is more deterministic than purely speculative strategies since it is based on observed/historical behavior.
Momentum itself is as speculative as it gets.
I would say pure speculation is not based on tangible data.
Pure speculation: I think consumer space travel will be popular in the future, let me buy some SpaceX shares.
Momentum: SpaceX seems to be trading higher in pre-market, let me buy some SpaceX shares at market open.
Edit: I know SpaceX is not public, this is just an example.