Are You Still Licking Your Gold Stock Loss Wounds?
One problem with Gold stock investors is that they typically are emotionally attached to the direction of the price of Gold. Usually that means they are poor Gold stock trades, often unable to take a loss.
Sadly, being emotionally attached to Gold over the past couple of decades has been far less profitable than being emotionally attached to a stock like Amazon or even Google (Alphabet now).
This is a very strong argument for either using a portfolio manager of some kind or a least letting your buy and sell decisions be dictated by a professional with a track record of disciplined trading.
Lobo Tiggre from The Independent Speculator is one such professional with a proven track record of disciplined buy and sell decisions.
Trade Decisions Based On Facts, Not Hope
I admit, I’m guilty of not being able to take a loss when I need to.
In my defense, I’ve seen stocks rebound like a rocketship right after a “guru” was stopped out or I finally threw in the towel. But not often enough to justify a lack of discipline!
Lobo writes about how he has handled these situations in a new article on The Independent Speculator website.
Here is an important quote:
The key point is that when results disappointed, I did not let pride, hope, or fear of negative publicity stop me from selling.
This is exactly the type of person you need providing your Gold and resource stock research and trading guidance.
I’m sure you have heard the age old expression: “I’m more worried about a return OF my capital than a return ON my capital”!
You cannot be paralyzed by fear or made stubborn by misplaced hope when it comes to your investments in Gold and resource stocks.
Many of these companies are – in the words of Lobo’s former boss Doug Casey – “burning matches”. The trick is to recognize when the match is about to burn out and make sure YOU are LONG GONE!
No one is perfect, though, and Lobo is the first to admit that.
He is being 100% transparent with regard to his track record on all of his trades, some of which can be found in the new article mentioned.
Lobo Tiggre is not a marketing machine like so many newsletter authors. He’s a straight shooter; even his former boss and now “friendly competitor” Doug Casey says so.
Check out another important statement from the article:
Be warned, however: this means I won’t just tell you what I think you want to hear. I’ll give you my best insights and judgment, based on my years of experience—whether you like it or not.
Too many people in life will only tell us what they think we want to hear; subordinates, children, friends – even your spouse sometimes.
That, however, can be devastating – especially when it comes to investing.
When the facts change you want their recommendation to change and be damned with what was said or done in the past. Avoiding losses trading Gold stocks or resources stocks can be every bit as important as hitting those home runs.
So if this sounds like the research and guidance YOU NEED in YOUR RESOURCE INVESTING then check out Lobo Tiggre in The Independent Speculator.