Wazua
»
Investor
»
Economy
»
What was your worst mistake in trading.
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
S.Mutaga III wrote: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. Isn't Gova shareholding in KCB identical to that in Uchumi? Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Member Joined: 3/26/2012 Posts: 830
|
guru267 wrote:S.Mutaga III wrote: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. Isn't Gova shareholding in KCB identical to that in Uchumi? Yes...it is...but both companies are not majority owned by the government. I put Uchumi in that list because the government seems to have too much clout despite not having a controlling stake unlike in KCB A successful man is not he who gets the best, it is he who makes the best from what he gets.
|
|
|
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
|
My worst mistake in trading was not trading when I was young. N/B I hope trading doesn't necessarily imply trading on NSE or any other SE If Obiero did it, Who Am I?
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
S.Mutaga III wrote:guru267 wrote:S.Mutaga III wrote: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. Isn't Gova shareholding in KCB identical to that in Uchumi? Yes...it is...but both companies are not majority owned by the government. I put Uchumi in that list because the government seems to have too much clout despite not having a controlling stake unlike in KCB How???????? "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: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
S.Mutaga III wrote: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. @S.Mutaga III don't be so quick to sell Kenya re. We might be having a Munich re joining us sooner than later. http://www.nation.co.ke/.../-/158wisv/-/index.html
Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
S.Mutaga III wrote:guru267 wrote:S.Mutaga III wrote: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. Isn't Gova shareholding in KCB identical to that in Uchumi? Yes...it is...but both companies are not majority owned by the government. I put Uchumi in that list because the government seems to have too much clout despite not having a controlling stake unlike in KCB There is only one listed power distributor, re-insurer, airline, supermarket, as sugar Miller, telecom, power generator and GOK has stakes in them all! Life is short. Live passionately.
|
|
|
Rank: Member Joined: 10/26/2012 Posts: 136
|
sparkly wrote:S.Mutaga III wrote:guru267 wrote:S.Mutaga III wrote: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. Isn't Gova shareholding in KCB identical to that in Uchumi? Yes...it is...but both companies are not majority owned by the government. I put Uchumi in that list because the government seems to have too much clout despite not having a controlling stake unlike in KCB There is only one listed power distributor, re-insurer, airline, supermarket, as sugar Miller, telecom, power generator and GOK has stakes in them all! My Average price is 22.75 im also waiting to break even and walk , i lost 55% value in Uchumi but dumped mumias at a profit when they touched 8 , as soon as i saw that comesa sugar barriers were being lifted
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
This thread will be active in near future and for quite some time. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
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.... God forgive me but truth is, whenever i read this I just  uncontrollably. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Buying KK again at the wrong time- price of 8.80....although am planning to accumulate more, I feel as if that's capital hibernating. "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
.
|
|
|
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.
|