Wazua
»
Investor
»
Economy
»
What was your worst mistake in trading.
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
|
ive made many many mistakes.ooohh many. memorable ones;
1: selling 20,000 KQ shares at 9/- thereby taking a profit of ksh 2.20 only to see it rise all the way to ksh 140.
2: Re entering Kq when it dropped to kshs 108 and continued to average downwards. refused to sell at ksh 48 expecting to sell at Kshs 50. sold all my kq.at ksh 11, took a 500 k loss. pinched my self and said I'll never ever by kq.
3. sold britam @ 8.5, unga @18, centum@28, kcb @32, jic@260 and eabl@250 to buy greatwall houses cash and save cost by ksh 1 million one year ago.. down side prices skyrockets thereafter.
lesson: you make many mistakes, but don't loose hope. my account still has market beating returns.
|
|
|
Rank: Member Joined: 5/8/2007 Posts: 709
|
Have made many mistakes,but all of them have one thing in common. Lack of patience. Bought KCB at 23,sold it at 25 ,now its at 57. Bought Britam at 14 bob sold it at 18 bob,now its at 24. Bought ICDC ,sold it at a 2 bob per share profit only for it to rise to over 500. The bottom line however is that one learns
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
Mumias Sugar at 6._ _/-. Still with it, praying for a miracle, whenever it will happen. Also, exiting Equity Bank at 22/- (after a 12% net profit) was premature. A bad decision but not a loss. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: New-farer Joined: 3/29/2012 Posts: 12
|
i bought EA Portland Cement shares at KSH.114 with a relative's cash temporary deposited in my account. i was only keen to observe the upward trend of the share price(speculator), and only when i finally decided to plunge in, the share price tumbled down. Then as if that is not enough, the money is demanded back!!
i humbled myself out, n paid the loss with my savings as an intern...
moral of the story, speculate na mpango if u have to NA PESA YAKO!!
|
|
|
Rank: New-farer Joined: 10/10/2010 Posts: 51 Location: Nairobi
|
Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one!
|
|
|
Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
|
bought icdc at 800 and sold at 26 after split.
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
|
vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! There was also @Jamani,@vvs and @Cde. I was also on that bus,second last purchase at 15.55, sold at 15.05,took my losses and planted then in Scom, no regrets there. Last purchase was at 9bob,sold at 8.65,took the proceeds and added them to my Equity Bank portfolio at KES.41. the earlier Keno purchase before 2012 atleast i managed to sell at profits. @SufficientlyP
|
|
|
Rank: Veteran Joined: 12/23/2010 Posts: 1,229
|
vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! Blame yourself for that one. Even coat tail investors are not exempted from doing their homework.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
@SPt KK...didn't we look forward to a swish. As things went ahead and the turbulence I recall changing the guidance to 'tact'. Provided for some profitable trades. I see you moved from Ngamia? 
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! Pole Mblo. Shit hit the fan then. Should have gotten out of the way immediately thereafter, at upto, at the least, a minimum of 12 At 9 and below, the counter is a BUY.
|
|
|
Rank: New-farer Joined: 5/11/2011 Posts: 48
|
For Sport wrote:vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! Blame yourself for that one. Even coat tail investors are not exempted from doing their homework. Mwekezaji also advised about HF diamond in the rough after doing his due diligence. Don't blame any wazuan for your choices, they do their due diligence before investing.. but stock options are high-risk we all know.and can take time to rise again. but it eventually does. if the company's fundamentals are strong, that is. 
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
eggnest wrote:For Sport wrote:vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! Blame yourself for that one. Even coat tail investors are not exempted from doing their homework. Mwekezaji also advised about HF diamond in the rough after doing his due diligence. Don't blame any wazuan for your choices, they do their due diligence before investing.. but stock options are high-risk we all know.and can take time to rise again. but it eventually does. if the company's fundamentals are strong, that is. Good @eggnest you've remembered the good call/awesome ride. KK fundamentals are strong
|
|
|
Rank: New-farer Joined: 5/11/2011 Posts: 48
|
mwekez@ji wrote:eggnest wrote:For Sport wrote:vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! Blame yourself for that one. Even coat tail investors are not exempted from doing their homework. Mwekezaji also advised about HF diamond in the rough after doing his due diligence. Don't blame any wazuan for your choices, they do their due diligence before investing.. but stock options are high-risk we all know.and can take time to rise again. but it eventually does. if the company's fundamentals are strong, that is. Good @eggnest you've remembered the good call/awesome ride. KK fundamentals are strong and there is the 299pct pre-tax profit jump http://af.reuters.com/ar...ws/idAFL5N0QQ3ML20140820
|
|
|
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
|
mwekez@ji wrote:eggnest wrote:For Sport wrote:vastcapital wrote:Buying Kenolkobil @14 hoping for a buyout by PUMA @40 only for the deal to be dropped...I had to sell the damn thing @ 9.
Mwekezaji was the chief advisor on this one! Blame yourself for that one. Even coat tail investors are not exempted from doing their homework. Mwekezaji also advised about HF diamond in the rough after doing his due diligence. Don't blame any wazuan for your choices, they do their due diligence before investing.. but stock options are high-risk we all know.and can take time to rise again. but it eventually does. if the company's fundamentals are strong, that is. Good @eggnest you've remembered the good call/awesome ride. KK fundamentals are strong I do agree with you on this one. Things have generally calmed down, they are no longer attention seekers! Its a turn around this one. Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
|
|
|
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
|
Cde Monomotapa wrote:@SPt KK...didn't we look forward to a swish. As things went ahead and the turbulence I recall changing the guidance to 'tact'. Provided for some profitable trades. I see you moved from Ngamia?  I was elbowed out by Tullow,talk of big muscles I retreated to a quiet life at the foot of Mt.Kilimanjaro. no worries here @SufficientlyP
|
|
|
Rank: New-farer Joined: 8/26/2014 Posts: 63
|
Made the following errors:
1. Exited BRITAM at 6.00 KES. We can all see where its at right now.
2. Bought KCB at 23 and exited, quite unwisely at 27. Bummer
3. Holding on too long to these CO-OP shares. I am now thinking of dumping them after making my couple hundreds after the bonus share. Wise decision? I don't know. Hope I won't have to update this thread with bad news.
|
|
|
Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
|
Uhondo wrote:Made the following errors:
1. Exited BRITAM at 6.00 KES. We can all see where its at right now.
2. Bought KCB at 23 and exited, quite unwisely at 27. Bummer
3. Holding on too long to these CO-OP shares. I am now thinking of dumping them after making my couple hundreds after the bonus share. Wise decision? I don't know. Hope I won't have to update this thread with bad news. I think COOP is about to take off. with their expansion strategy and bancassurance its about time it joined its brothers-equity and kcb. Learn from your mistakes and hold on to a good stock. Seeing is believing
|
|
|
Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
|
[quote=faa]Have made many mistakes,but all of them have one thing in common. Lack of patience. This is one thing thats very hard to manage but you get better with experience. One thing I have learn't is to avoid trading in the short term. ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
This thread and this one remind me that indeed Mr Market does exist. Vital lessons learnt, a friend advised me to play centum at 12 but i couldn't see that light at the tunnel "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Member Joined: 7/2/2014 Posts: 123
|
Selling kplc last week at 16 and kengen at 10.20 and a week later they are looking north.... and worse still putting some of it in uchumi ,
|
|
|
Wazua
»
Investor
»
Economy
»
What was your worst mistake in trading.
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|