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What was your worst mistake in trading.
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@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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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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@ 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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Rank: Veteran Joined: 9/5/2007 Posts: 627
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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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Rank: Member Joined: 6/26/2008 Posts: 365
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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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Rank: Elder Joined: 12/6/2008 Posts: 3,554
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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. Meru Holiness
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Rank: Veteran Joined: 5/20/2008 Posts: 1,126 Location: Nairobi
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@ 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. JOIN MY FREE MINI-COURSE FOR WRITERS. CLICK HERE
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Rank: Elder Joined: 6/23/2009 Posts: 13,769 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 9/30/2013 Posts: 659
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Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patience  ..patience ..patience If you stay ready, no need to get ready.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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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..  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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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  .Oh the gambler in me. Oh well,on to the next one!
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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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.. Thank you guys  , 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 the chair stressing me right now is TPS especially with all this Al Shabaab menace. i.am.back!!!!
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Rank: User Joined: 9/6/2013 Posts: 1,446 Location: In a house
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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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Rank: Elder Joined: 1/17/2013 Posts: 4,693 Location: Earth
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harrydre wrote:Thank you guys , 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 Never sold mine despite the negative talk.
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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kysse wrote:harrydre wrote:Thank you guys , 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 Never sold mine despite the negative talk. another stock that just made my day http://www.businessdaily...6/-/ws1lltz/-/index.htmli.am.back!!!!
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Rank: Member Joined: 3/14/2012 Posts: 577 Location: Nairobi Kenya
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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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Rank: Member Joined: 7/1/2008 Posts: 323
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,769 Location: nairobi
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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...
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Pedes wrote:Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patience ..patience ..patience 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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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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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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Rank: Member Joined: 1/13/2014 Posts: 394 Location: Denmark
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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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What was your worst mistake in trading.
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