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2015/01/04

His Advice Was Great… Right Up Until The Market Crashed

 
 
Dear Reader,

I first knew something was wrong when I couldn't get my "full service" broker on the phone, but I had no idea how bad it would be!

Many years ago when I was a foolish young man first starting out in trading, I made every mistake an investor can make:

  • I let emotion control my decisions.
  • I bought stocks that were priced too high.
  • I didn't do the proper research.
But of all the lessons I learned, the single biggest lesson was to always know when it is time to sell!

I was taught this by one of the first stocks I invested in.

My "full service" broker called me up one day.

I bought the hot new stock because my broker told me I had to get in on it "right now".

I remember being so excited about the performance of "my hot stock".

I was so proud that I was one of the smart investors who was "in the know".

I looked in the paper every day (this was before the internet) and I watched my stock keep rising day after day.  (I felt like a proud father.)

And of course my broker was quick to take credit and praise for advising me to buy this stock by calling me every day to pitch other stocks.

I think you can guess what happened next.  The stock fell like a rock!

I lost all of the profits I had made and a large chunk of my investment.  (I don't want to say how much because it still makes me mad to this day!)

When the stock was in free fall, every day I tried to get my broker on the phone.  I needed answers!  What is happening?  Should I sell?  Should I hold on to the stock?

I couldn't get him on the phone.

When I finally sold the stock, I spoke to his junior associate.

A week later my broker called me.  Was he calling to apologize?  No- he had a "hot tip" that I had to invest in right now!

No remorse, no apology, just the full court press on the next stock to buy!

What I realized that day was my "full service" broker didn't care what I did once I bought the stock.  His job wasn't to make me money, his job was to sell!

This lesson has stuck with me my entire life.  When we launched Biotech Supertrader, I made it very clear.

We are with you every step of the way!

We do all the research to pick the winning stocks in the biotech sector.

When we issue a buy recommendation, we also tell you what price to pay up to. (You can't profit if you overpay.)

After the buy recommendation, we are tracking and monitoring the stock at all times.  If we feel it's time to move on, we will issue a sell recommendation email so you can get out and cash out your profits!

If you are ready to cash in on huge profits and have support every step of the way…

Then click the link below:

https://new.hyperionfinancial.com/premium/BST-intro/

Good Investing!

John Alexander, Editor
Dynamic Wealth Report
 
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