“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.”
It’s no secret that to be a successful investor or speculator, you have to govern yourself according to a set of rules.
And I can’t find any better core rule than the famous Buffett quote above. It’s one that is the cornerstone of my investing career.
If it’s not taped to your fridge or your multi-screen trading desk, it should be.
But how can you actually put this rule into practice? And what are the common mistakes that new investors make over and over again that violate this rule?
Every week I get an inbox full of emails from new readers, subscribers and seasoned veterans.
Today I’ll introduce you to the four most common problems that investors have while investing in junior mining stocks.
So let’s get started…
Rule #1 – Don’t Blow Up
My first big experience behind the scenes of a bull market was the extraordinary spike in the price of uranium around 2006.
I saw euphoria first hand. Brokers were making a killing, accredited investors were making a killing, retail investors were making a killing. I made a killing.