In my opinion, the key is, of course, when investing NOT to fall in love with TRF or any other stock.
That DOES NOT mean trying to pick/guess somewhere near the peak of each leg up, selling and then hoping to buy back in cheaper.
That is for traders.
But what it does mean is having no hesitation in selling TRF if for example you believe the outlook for iron ore/resources is changing/will shortly change from a prolonged bull market to a prolonged bear market.
That is very different from being prepared to sit out what one assesses to be a short term market correction, even if at times it is quite painful.
I'm very confident that commodities guru Jim Rogers has got it right and we have many years left to run in this commodities bull market.
The book he wrote some years ago, Hot Commodities is an absolute gem.
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In my opinion, the key is, of course, when investing NOT to fall...
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