sport football: Gold Investors: Learn From My $20 Million Mistake

If you've been following me for any length of time, you know I believe emotion is the single greatest enemy of successful investing.

I don't care if it's a low-risk asset like blue-chip dividend stocks… A wildly volatile asset like bitcoin… Or a generally stable asset like gold (more on gold in a moment).

When you let your feelings take over, you're at the highest risk of abandoning an asset you should hold or holding on to one you should sell.

It's human nature to panic when your entire portfolio is tanking… Or become arrogant when it's soaring.

Even the best investors fall victim to these emotional highs and lows.

I can tell you from personal experience that when I followed my emotions instead of reason, I made the worst financial decisions of my career.

One decision I made early on cost me nearly $20 million.

Back in the early 1990s, I was a young money manager watching the world rush toward a digital future.

I believed one day, every person would carry a phone in their pocket… own a powerful computer at home… and do nearly all their shopping online.

While my peers were crowding into "safe" names like IBM, Hewlett-Packard, and Kodak… I was buying companies like Microsoft and Oracle.

These were disruptors that weren't just improving the world… They were remaking it.

Then, I made the biggest mistake of my young career. When volatility struck in the early '90s, I panicked and sold my positions in Microsoft and Oracle.

Today, that emotional reaction fills me with regret.

Had I stayed the course and used the weakness for what it was – a generational buying opportunity – there's no doubt I would have exited the 1990s with at least an additional $20 million to my name.

And it gets worse…

Microsoft and Oracle went on to rise as much as 95,125% and 288,000%, respectively, from their 1990s lows to where they are today. They are now the fourth- and 25th-largest companies in the world by market cap.

If I had simply stayed put and done nothing, just $10,000 invested in each stock would have turned into a combined $38.3 million today.

Today, I'm watching precious metals investors make the same mistake I made during the dot-com boom of the 1990s.

They're buying high, selling low, and getting chopped up in between.

I'll show you how to step off that emotional roller coaster and, more importantly, how to sidestep the volatility entirely while still positioning yourself to rip profits as gold and silver grind higher.

How to Keep Your Emotions in Check

If you want to avoid the emotional roller coaster, you need to have a game plan. These four rules will help you make more rational investing decisions, regardless of the asset class...

Diversify your assets.

The secret to building wealth – and keeping it – is diversification. That's why we publish an asset allocation guide in my flagship research service, The Asymmetric Edge. In that service, I recommend a mix of stocks, bonds, cryptos, and other alternatives.

Diversification doesn't just improve returns… It dramatically reduces risk. In fact, decades of research show asset allocation drives the vast majority of your investment returns.

Tune out daily price action.

I don't have a crystal ball. And anyone who claims they do is either fooling you or fooling themselves. The market's short-term moves are unknowable. Even so-called experts get them wrong more often than they get them right.

Unless you're a day trader, daily price action is just noise. That's why I always urge you to ignore it and stay focused on the big picture.

Have a risk management plan

Before you can grow wealth, you need to protect what you have first. The best way to do that is with position-sizing.

Position-sizing refers to the size of a position within your portfolio… meaning the dollar amount you're willing to trade or invest in that position. This caps your downside. If you know your downside is capped, then you can sleep easily at night. And you won't panic-sell at the worst time.

Create a plan and stick to it.

Other than the occasional annual adjustment or a planned rebalance, you shouldn't tinker with your portfolio. Constant changes invite emotion, and when you're emotional, you make mistakes. I can attest to that.

If a true life-changing event occurs, that's the moment to step back and reassess. But outside of that, discipline is your edge. Sticking to a well-thought-out plan is what keeps fear and greed from hijacking your long-term results.

Now, I get it. Even with a clear set of rules, human nature can still overpower reason.
All it takes is one emotional decision to do real damage to your portfolio.

That's why I've gone a step further – searching for a way to remove emotion entirely from the equation. And the recent rally in gold finally led me to it.

How Institutions Avoid Emotional Trading

Gold was the second-best-performing asset of 2025. Only silver did better. And, since last January, they've been up as much as 113% and 321%, respectively.

With a run-up of that magnitude, I've been expecting massive volatility in gold. And friends, it's here.

Gold and silver have been trading like a whipsaw. Over the past two weeks, they've plunged as much as 21% and 41%… Rallied 16% and 28%... And then dropped as much as 6% and 21%, respectively, in 24 hours.

Despite the volatility, I believe precious metals prices are headed higher. On Monday, gold crossed back above $5,080. And silver looks like it's caught a second wind.

But knowing what to trade is different from knowing how to trade it.

I've been looking for a way to trade this type of volatility in gold. And recently, I discovered a former institutional trader who has been making a killing in the gold and silver markets.

He's traded over $3.5 billion for hedge funds, sovereign wealth funds, and billionaire family offices. They pay him enormous sums every year to build the algorithms that help them extract gains from gold's price swings.

What attracted me to him? He's consistently been on the right side of the gold and silver market volatility. It all has to do with what he calls "levels."

You see, institutions don't trade around volatility like retail investors do. They trade levels – specific prices that matter. And when those levels break, they act decisively.

What I love about this approach is you don't need to know anything about gold trading to understand it. You follow a signal that tells you when institutions are moving.

In the last two weeks alone, his signals delivered three quick trades:

One signal hit $6,100 in 8 minutes.
Another delivered $8,400 in 26 minutes.
A third brought in $5,450 during last week's gold and silver crash.

This is what happens when you stop guessing and follow the smart money.

Tonight at 8 pm ET, he's showing my readers exactly how he does it.

He's agreed to reveal the same playbook he used when he was running institutional money. The same approach he uses today to rip fast gains from gold and silver, no matter which direction they move.

He's so confident in his method, he'll show you how you can trade his signals in a 50k account you don't have to fund… And if you make money, you keep 80% of the gains and none of the losses.

I've never met a guru, analyst, or trader so sure of their moneymaking ability that they had the courage to make an offer like the one this gentleman is prepared to make to my readers.

Friends, the worst financial decisions of my life happened when I let emotion overcome rigorous research. The rules I shared with you above are the first step in helping you avoid a similar mistake.

But even the best game plan isn't enough on its own. When volatility hits, human nature takes over.

That's why you need an approach that removes emotion entirely from the equation. And the former institutional trader I discovered has developed that type of method.

This is the best precious metals trader I've ever met. And tonight, he's showing you everything.

Keep an eye on your inbox around 4 pm ET for an email with the subject line: Big T's 50K to Trade Starts Now.

That message will take you straight to the briefing.

Let the Game Come to You!

Big T