We got stopped out of $AG – First Majestic Silver Corp. I originally recommended a 25% trailing stop. By the stop loss program we used opted for 18% based off of the stocks beta.
We are going to use the stop loss program I wrote in google sheets to and close out of the position today for a 17.8% loss.
The markets have turned against both precious metals and the miners. The signals I use for both pm’s and miners flipped to red.
I strongly believe that we will see another massive bull market in miners and in the metals however that might not form until later this year or even possible later in 2018.
The purpose of the stop loss is to take the human emotion out of the sell so we do not occur massive losses, and on the flip side it will allow our winners to run.
If you are following our tracking please sell today. We will likely re-visit First Majestic Silver Corp at another time.
You can see our booking here: http://taoeconomics.com/tao-stock-tracker/
We will no longer be tracking the stock in our open positions.by