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What was your worst mistake in trading.
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Njunge
#41 Posted : Friday, September 18, 2009 9:07:00 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Sasha,

Oh dear...........Not this!!!!.......Very sad.I guess it's the first time i have heard of an Sk member loss.
God give his young family the strength to move on.

Old man about town....
Nothing great was ever achieved without enthusiasm.
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Kamaa
#42 Posted : Friday, September 18, 2009 9:18:00 AM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@ sasha

woooiiee..

so sad... pole sana and be strong...

you've heard me..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Sasha
#43 Posted : Friday, September 18, 2009 9:22:00 AM
Rank: Veteran


Joined: 9/5/2007
Posts: 627
Hezz was my brother-in-law. Very upwardly mobile young guy going places. Had a young wife and a very young daughter (Kyra). We pray everyday for God to give them strength!


Immorality: The morality of those who are having a better time!
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Jacy26
#44 Posted : Friday, September 18, 2009 9:35:00 AM
Rank: Member


Joined: 6/26/2008
Posts: 365
May God of all comfort be with that young family of late Hezz. @Sasha feel comforted also.

I will praise thee,O Lord my God,with all my heart: And I will glorify thy name forever more. Psalms 86:12
If you have only one smile in you, give it to the people you love - Maya Angelou
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Much Know
#45 Posted : Friday, September 18, 2009 9:40:00 AM
Rank: Elder


Joined: 12/6/2008
Posts: 3,548
Pole dear and to his family say pole....sometimes i dread opening those threads where people ask 'where is so and so?'

I am a general consultant,specializing in all areas.
A New Kenya
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akowally
#46 Posted : Friday, September 18, 2009 9:55:00 AM
Rank: Veteran


Joined: 5/20/2008
Posts: 1,126
Location: Nairobi
@ Sasha. with you guys in prayer.
@ Njunge. also the first time I heard of an sk guy's demise. Makes me want to take a roll call of my old time favorites who have been quiet.
@ mtaalam. ha ha ha ha ha ha ha. eh I thought I was badly off but enyewe sorry for the loss. I feel you about the 5 cents. Funniest post of the day. Hope you enjoy the 10cts dividends


Romans 8:28 (New International Version)
More Than Conquerors
And we know that in all things God works for the good of those who love him,who have been called according to his purpose.
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obiero
#47 Posted : Wednesday, November 06, 2013 8:42:11 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,548
Location: nairobi
averaging down safaricom by huge purchases to kes 4.6 and eventually selling at kes 3.8 when it started taking a dive.. I should have held on coz fundamentals hadnt changed significantly. I panicked. That was my worst mistake

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Pedes
#48 Posted : Wednesday, November 06, 2013 9:24:36 AM
Rank: Member


Joined: 9/30/2013
Posts: 659
Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patiencePray ..patiencePray ..patiencePray
If you stay ready, no need to get ready.
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Impunity
#49 Posted : Wednesday, November 06, 2013 9:34:22 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
obiero wrote:
averaging down safaricom by huge purchases to kes 4.6 and eventually selling at kes 3.8 when it started taking a dive.. I should have held on coz fundamentals hadnt changed significantly. I panicked. That was my worst mistake


IPO safcon, got a meager amount; then dipped more at post IPO at 7.50...never cried internally like that.
Sold off during the economic depression at 3.50...massive loss...should have waited since the cash collected from the diposal is still lying at some gaaament bills..
Sad Sad Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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symbols
#50 Posted : Thursday, November 07, 2013 9:22:51 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
I gambled on trading itself.Made a promise I would quit all things finance and trading if I don't meet a certain target by new year Brick wall.Oh the gambler in me.Sad Oh well,on to the next one!
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harrydre
#51 Posted : Friday, November 08, 2013 12:18:16 AM
Rank: Elder


Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
Impunity wrote:
obiero wrote:
averaging down safaricom by huge purchases to kes 4.6 and eventually selling at kes 3.8 when it started taking a dive.. I should have held on coz fundamentals hadnt changed significantly. I panicked. That was my worst mistake


IPO safcon, got a meager amount; then dipped more at post IPO at 7.50...never cried internally like that.
Sold off during the economic depression at 3.50...massive loss...should have waited since the cash collected from the diposal is still lying at some gaaament bills..
Sad Sad Sad


Thank you guys smile , while you were busy throwing away those shares, I was seriously collecting them at all times lows. Now laughing all the way to my broker smile

the chair stressing me right now is TPS especially with all this Al Shabaab menace.
i.am.back!!!!
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urstill1
#52 Posted : Friday, November 08, 2013 1:55:10 AM
Rank: User


Joined: 9/6/2013
Posts: 1,446
Location: In a house
I have laughed my all. Thank you guys. I started trading in campo with Co-op and Safcom IPO. Made losses and quit. Now I'm back promised myself never to buy anything IPO. Been trading for the last 7 months. I have a huge chunk of Mumias stressing me day and night coz I average 4.4 bob.
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kysse
#53 Posted : Friday, November 08, 2013 5:14:02 AM
Rank: Elder


Joined: 1/17/2013
Posts: 4,693
Location: Earth
harrydre wrote:


Thank you guys smile , while you were busy throwing away those shares, I was seriously collecting them at all times lows. Now laughing all the way to my broker smile



smile smile Never sold mine despite the negative talk.
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harrydre
#54 Posted : Tuesday, November 12, 2013 6:40:38 PM
Rank: Elder


Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
kysse wrote:
harrydre wrote:


Thank you guys smile , while you were busy throwing away those shares, I was seriously collecting them at all times lows. Now laughing all the way to my broker smile



smile smile Never sold mine despite the negative talk.



another stock that just made my day smile

http://www.businessdaily...6/-/ws1lltz/-/index.html
i.am.back!!!!
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YoungMulla
#55 Posted : Friday, November 22, 2013 12:32:15 PM
Rank: Member


Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
Nice thread with solid lessons.
My huge mistake was KQ(I was attached to that counter then), bought it at mid thirties then watched it drop till I jumped ship at below 20, Never again!!!!
Before I die - i will touch the sky!!
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jokes
#56 Posted : Tuesday, November 26, 2013 7:30:44 PM
Rank: Member


Joined: 7/1/2008
Posts: 323
Eveready those batts cost me a 40% loss even when i averaged. It taught me never to buy ipos and never to listen to the hype. Lesson - do your own research and trust your instincts.
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obiero
#57 Posted : Thursday, July 03, 2014 1:24:40 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,548
Location: nairobi
Bought HFCK at circa KES 14 and offloaded at KES 25. Indeed a profit was made but now the bloody thing is at KES 50.. Not my worst mistake but a tingly feeling of slight regret looms. I find solace in the famous words of Warren Buffet...

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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SittingPretty
#58 Posted : Thursday, July 03, 2014 1:44:01 PM
Rank: Member


Joined: 2/16/2013
Posts: 123
Location: MSA
Pedes wrote:
Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patiencePray ..patiencePray ..patiencePray

Pole I hope lost patience in good time! Financial lessons! In these business there's no one who is too smart. Sometimes its like wondering your neighbor's kid is on top of the class and yours at the bottom! Good luck!
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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KulaRaha
#59 Posted : Thursday, July 03, 2014 1:54:03 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Bought KQ at 20. Decided not to sell when it hit 60. Sold kq at 20 to move to another counter. I feel foolish!!
Business opportunities are like buses,there's always another one coming
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jawgey
#60 Posted : Thursday, July 03, 2014 2:01:06 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Jumped greedily into carbacid immediately after split and bonus @57bob.. I've seen it drop to 27bob.

All is not lost but I should have waited.
Seeing is believing
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