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I Was Right and Still Lost $1.2 Million
Keep your head in the game
Teeka Tiwari & Houston Molnar
February 13, 2026
The loss haunted me.
$1,260,000. Poof. Just gone.
That’s enough money to make about $50,000 a year from bonds. I could have stuck it in a 5% blue-chip payer and made even more. A steady $63,000 per year.
If I had wanted to be reckless I could’ve bought a Lamborghini, a Ferrari, a Porsche, or a Rolls-Royce and still had enough money left over to travel the world for a year.
I felt like a fool.
Earlier this week, I read an essay by Daily editor Teeka Tiwari on how one emotional decision cost him a $20 million payday.
Back in the early 1990s, he invested in Microsoft and Oracle, which were riding the internet trend. But when volatility struck, he panicked and sold his positions.
Here’s what he wrote…
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.
Now, I haven’t been covering markets across four decades like Teeka has. I’ve been doing this for about 15 years.
Still, that’s long enough to have had my fair share of wins and losses. And the biggest losses happened when I let my emotions get the better of me.
I’m embarrassed to share this story with you… But if it helps even one reader avoid the same boneheaded mistake I made, it’s worth it.
In March 2025, I saw a killer setup in gold and silver. So I made a big bet on mining stocks, to the tune of more than $575,000.
Here’s why…
In a precious metals supercycle (like we are in now), gold usually runs first… then silver plays catch-up. The reason is simple: The silver market is much smaller, roughly 1/10th the size of the gold market. That makes it prone to much wilder swings than gold.
So, once gold gets running, investors flock to silver as the catch-up trade, looking to outpace the returns of gold.
We saw this from 2001 to 2011, when gold rose from $250 per ounce to over $1,900 – a 660% return. Silver surged 1,150% – from $4 an ounce to almost $50. If you’d put $10,000 in each, it would’ve ballooned into $201,000.
Last March, I saw a similar pattern building up on the charts. I got very excited. I knew the payday could be huge. That’s why I went a bit bigger than I normally go and plunked down nearly $600k on gold and silver going higher.
Then came the tariff volatility in April. My gold and silver mining stocks got the tar beat out of them.
Emotions Cost Me $1.2 Million in Profits