Wazua
»
Investor
»
Economy
»
What was your worst mistake in trading.
Rank: Member Joined: 7/2/2014 Posts: 123
|
mwekez@ji wrote:ike wrote:mwekez@ji wrote:ike wrote:ike wrote:mlennyma wrote:ike wrote: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 and may be you had waited for a long time  boarded kplc around Jan at 15. had totally forgotten that they release results this season... kengen last year pre books close. fighting the urge not to re-enter kengen Hope I won't have to swallow the humble pie of re-entering kengen at a higher price after offloading at 12.20 today. ION thinking of loading cables and exit 20+ And how do you arrive at the target price of 20+ for cable? .... Just helping you to avoid making another mistake I am no chartist. have a fair value of 18.00 but the way things are happening in this market it should at least touch 20.00 before may Elaborate. How do you arrive at number 18.00 and 20.00. Through fundamental analysis? 1. after reporting a profit warning it dipped to 15.50 which might be its base. since it has been hovering around this level then its at its bottom. 2. the lull in the share price may be a sign of a looming break away that I anticipate before books close. as I said , nothing technical.... but only time will tell. ,
|
|
|
Rank: Member Joined: 10/26/2012 Posts: 136
|
Not having enough cash to invest , ideas were correct some stocks + 200% profit but those are blue chips ill never sell reinvest dividend
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
mazingira wrote:Not having enough cash to invest , ideas were correct some stocks + 200% profit but those are blue chips ill never sell reinvest dividend Unless my English teacher lied to me, "not having enough money ' is not a worst mistake in trading!!!!   Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Member Joined: 10/26/2012 Posts: 136
|
Boris Boyka wrote:mazingira wrote:Not having enough cash to invest , ideas were correct some stocks + 200% profit but those are blue chips ill never sell reinvest dividend Unless my English teacher lied to me, "not having enough money ' is not a worst mistake in trading!!!! Haven't u heard its a crime being to be smart but broke
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
mazingira wrote:Boris Boyka wrote:mazingira wrote:Not having enough cash to invest , ideas were correct some stocks + 200% profit but those are blue chips ill never sell reinvest dividend Unless my English teacher lied to me, "not having enough money ' is not a worst mistake in trading!!!! Haven't u heard its a crime being to be smart but broke i dont think anyone has enough money to tackle all opportunities, "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
mlennyma wrote:mazingira wrote:Boris Boyka wrote:mazingira wrote:Not having enough cash to invest , ideas were correct some stocks + 200% profit but those are blue chips ill never sell reinvest dividend Unless my English teacher lied to me, "not having enough money ' is not a worst mistake in trading!!!! Haven't u heard its a crime being to be smart but broke i dont think anyone has enough money to tackle all opportunities, @Mazingira Edit your post so that i get it clearly,no guess work. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Member Joined: 10/26/2012 Posts: 136
|
Boris Boyka wrote:mlennyma wrote:mazingira wrote:Boris Boyka wrote:mazingira wrote:Not having enough cash to invest , ideas were correct some stocks + 200% profit but those are blue chips ill never sell reinvest dividend Unless my English teacher lied to me, "not having enough money ' is not a worst mistake in trading!!!! Haven't u heard its a crime being to be smart but broke i dont think anyone has enough money to tackle all opportunities, @Mazingira Edit your post so that i get it clearly,no guess work. Sorry Boris , the gist of what i said is that because i dont have a lot of disposable income i was unable to buy large lots . I had the ideas right got in at good times, some of my weighted averages are ridiculously low example Safaricom where i entered at 4 shillings and 20 cents average but im holding a meagre 12000 units wheras someone i advised is holding 100,000 plus units bought at a similar price , my fault lean pockets
|
|
|
Rank: Member Joined: 7/2/2014 Posts: 123
|
Very many learning experiences the past few weeks. could we please keep this thread alive so others can learn from our mistakes. ,
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
Pedes wrote:Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patience  ..patience ..patience Was going through this thread, this has just made my dull day light up.... Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
|
Kaa Ngumu..lets talk next year
|
|
|
Rank: New-farer Joined: 8/11/2014 Posts: 72 Location: Nairobi
|
Othelo wrote:Pedes wrote:Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patience ..patience ..patience Was going through this thread, this has just made my dull day light up.... from 12 to 1 bob and now 2.7 bob thats disaster Bulls make money,bears make money and pigs get slaughtered.
|
|
|
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
|
Bado someone made money. Ofcourse I know another lost. But that is the game
|
|
|
Rank: Member Joined: 7/2/2014 Posts: 123
|
ike wrote:mwekez@ji wrote:ike wrote:ike wrote:mlennyma wrote:ike wrote: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 and may be you had waited for a long time boarded kplc around Jan at 15. had totally forgotten that they release results this season... kengen last year pre books close. fighting the urge not to re-enter kengen Hope I won't have to swallow the humble pie of re-entering kengen at a higher price after offloading at 12.20 today. ION thinking of loading cables and exit 20+ And how do you arrive at the target price of 20+ for cable? .... Just helping you to avoid making another mistake I am no chartist. have a fair value of 18.00 but the way things are happening in this market it should at least touch 20.00 before may ,
|
|
|
Rank: Member Joined: 7/2/2014 Posts: 123
|
ike wrote:mwekez@ji wrote:ike wrote:ike wrote:mlennyma wrote:ike wrote: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 and may be you had waited for a long time boarded kplc around Jan at 15. had totally forgotten that they release results this season... kengen last year pre books close. fighting the urge not to re-enter kengen Hope I won't have to swallow the humble pie of re-entering kengen at a higher price after offloading at 12.20 today. ION thinking of loading cables and exit 20+ And how do you arrive at the target price of 20+ for cable? .... Just helping you to avoid making another mistake I am no chartist. have a fair value of 18.00 but the way things are happening in this market it should at least touch 20.00 before may The journey to 20.00 is going to be asap ,
|
|
|
Rank: Member Joined: 10/26/2012 Posts: 136
|
Holding onto KQ until today :(
|
|
|
Rank: New-farer Joined: 9/25/2012 Posts: 58 Location: kenia
|
Can't wait this bus to go mumias way..........then i board.
|
|
|
Rank: New-farer Joined: 3/3/2010 Posts: 79
|
mazingira wrote:Holding onto KQ until today :( You're not alone...This also counts as my worst mistake but it will turn around. Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two. @Obiero, this got to be your worst, ama? Knowledge is contagious...Infect truth!
|
|
|
Rank: Member Joined: 6/15/2013 Posts: 301
|
Afroblk wrote:mazingira wrote:Holding onto KQ until today :( You're not alone...This also counts as my worst mistake but it will turn around. Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two. @Obiero, this got to be your worst, ama? Pole sana bro...pia nami i am caught in this storm with no lifesaver in sight...but according to the figures you have given your average comes to 17.46/= and that's not even including broker commission i.e. 821,000/= / 47000 = 17.46. Include broker commissions and your average buy price is over 18/=. correct me if i am wrong..
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
|
Afroblk wrote:mazingira wrote:Holding onto KQ until today :( You're not alone...This also counts as my worst mistake but it will turn around. Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two. @Obiero, this got to be your worst, ama? Pole sana. Ua math appears off. U should be in much deeper loss.. KQ isnt my worst loss, since I first bought post rights and have been steady averaging down to about 8.9 per share
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 3/26/2012 Posts: 830
|
obiero wrote:Afroblk wrote:mazingira wrote:Holding onto KQ until today :( You're not alone...This also counts as my worst mistake but it will turn around. Bought 10,000 @46 before the rights issue. Bought 15,000 @14.00 rights issue price. This thing has been dropping as we all know. For the last two weeks I've added another 22,000 @6.90 avg. I just checked my CFC portfolio valuation and it shows my average is now 10.70(not sure how accurate that is) and my loss so far is -37%. I'll hold on to this until it touches at least 25.00. It has caused enough pain, mpaka nishapoa, so don't mind holding for another year or two. @Obiero, this got to be your worst, ama? Pole sana. Ua math appears off. U should be in much deeper loss.. KQ isnt my worst loss, since I first bought post rights and have been steady averaging down to about 8.9 per share My worst mistake was buying into any stock that is majority owned by the government...namely Mumias at 5.5 and exited at 4.5 after Njung'es comments which opened my eyes. I currently hold Kenya Re and KPLC and will sell them as soon as I break even. In the future, I will avoid the stocks such as Kenya Re, KPLC, Mumias, Uchumi, Kenya Airways and anything else majority owned by Uncle Sam. He is the worst business partner you can ever have. A successful man is not he who gets the best, it is he who makes the best from what he gets.
|
|
|
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.
|