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Playing the market 2014 - 2016
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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The truth is that it pays to invest longterm.Quick and short term thinking leads to losses. Towards the goal of financial freedom
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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The truth is that it is very difficult to beat the market,ask buffet. many people will make money during bull markets and start over estimating their intelligence. I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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target1360 wrote:The truth is that it is very difficult to beat the market,ask buffet.
many people will make money during bull markets and start over estimating their intelligence.
Word! Life is short. Live passionately.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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When one overestimates their intelligence especially if they enter the market and make some wins then they are preparing for a disaster.
Pray that you initially make losses so that you learn and your heart is strengthened then you will be in good position to make decisions and take positions. My advise
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Rank: Member Joined: 9/9/2015 Posts: 233
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In short whenever one enters, gain or lose, this game will not stop until he has learnt. Your advise is therefore come one come all, if you lose you learn if you get a windfall, a bigger lesson awaits you. There is no way to not learn as long as you are playing "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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streetwise wrote:When one overestimates their intelligence especially if they enter the market and make some wins then they are preparing for a disaster.
Pray that you initially make losses so that you learn and your heart is strengthened then you will be in good position to make decisions and take positions. My advise
Success is a bad teacher. Very true with stocks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:streetwise wrote:When one overestimates their intelligence especially if they enter the market and make some wins then they are preparing for a disaster.
Pray that you initially make losses so that you learn and your heart is strengthened then you will be in good position to make decisions and take positions. My advise
Success is a bad teacher. Very true with stocks The first question to the owners during a prospective business buyout or acquisition is: "Have you ever lost money?"
If the answer is No, the deal is off!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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quick money made playing markets during bull period is often lost to the same markets during bears. look at folks here who were very loud as they made super normal profits.Eventually they often make errors that cost them gains and capital.I need not give examples,they are well known. The same is true with debt.It makes your spouse and friends think that you are a genius,till you make a miscalculation and you get burnt,badly. *no offence* I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Aguytrying wrote:streetwise wrote:When one overestimates their intelligence especially if they enter the market and make some wins then they are preparing for a disaster.
Pray that you initially make losses so that you learn and your heart is strengthened then you will be in good position to make decisions and take positions. My advise
Success is a bad teacher. Very true with stocks The first question to the owners during a prospective business buyout or acquisition is: "Have you ever lost money?"
If the answer is No, the deal is off!
word! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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target1360 wrote:quick money made playing markets during bull period is often lost to the same markets during bears.
look at folks here who were very loud as they made super normal profits.Eventually they often make errors that cost them gains and capital.I need not give examples,they are well known.
The same is true with debt.It makes your spouse and friends think that you are a genius,till you make a miscalculation and you get burnt,badly.
*no offence* You are absolutely correct. The speculators in the forum have gone quiet. During a bull run, you can even start thinking you are a genius, like you cant lose and that you are almost always right. Learning to live with a losing position of a company that one still believes in is one of the greatest assets a stock investor can have. Ignoring the market and the noise.. On that note been adding TPS . Ill soon double what i had before the fallout from above 35 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:target1360 wrote:quick money made playing markets during bull period is often lost to the same markets during bears.
look at folks here who were very loud as they made super normal profits.Eventually they often make errors that cost them gains and capital.I need not give examples,they are well known.
The same is true with debt.It makes your spouse and friends think that you are a genius,till you make a miscalculation and you get burnt,badly.
*no offence* You are absolutely correct. The speculators in the forum have gone quiet. During a bull run, you can even start thinking you are a genius, like you cant lose and that you are almost always right. Learning to live with a losing position of a company that one still believes in is one of the greatest assets a stock investor can have. Ignoring the market and the noise.. On that note been adding TPS . Ill soon double what i had before the fallout from above 35 @Aguy, This is a buyers market. Serious investors don't listen to the market noises.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:target1360 wrote:quick money made playing markets during bull period is often lost to the same markets during bears.
look at folks here who were very loud as they made super normal profits.Eventually they often make errors that cost them gains and capital.I need not give examples,they are well known.
The same is true with debt.It makes your spouse and friends think that you are a genius,till you make a miscalculation and you get burnt,badly.
*no offence* You are absolutely correct. The speculators in the forum have gone quiet. During a bull run, you can even start thinking you are a genius, like you cant lose and that you are almost always right. Learning to live with a losing position of a company that one still believes in is one of the greatest assets a stock investor can have. Ignoring the market and the noise.. On that note been adding TPS . Ill soon double what i had before the fallout from above 35 @Aguy, This is a buyers market. Serious investors don't listen to the market noises.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:target1360 wrote:quick money made playing markets during bull period is often lost to the same markets during bears.
look at folks here who were very loud as they made super normal profits.Eventually they often make errors that cost them gains and capital.I need not give examples,they are well known.
The same is true with debt.It makes your spouse and friends think that you are a genius,till you make a miscalculation and you get burnt,badly.
*no offence* You are absolutely correct. The speculators in the forum have gone quiet. During a bull run, you can even start thinking you are a genius, like you cant lose and that you are almost always right. Learning to live with a losing position of a company that one still believes in is one of the greatest assets a stock investor can have. Ignoring the market and the noise.. On that note been adding TPS . Ill soon double what i had before the fallout from above 35 Quality management. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VituVingiSana wrote:Aguytrying wrote:target1360 wrote:quick money made playing markets during bull period is often lost to the same markets during bears.
look at folks here who were very loud as they made super normal profits.Eventually they often make errors that cost them gains and capital.I need not give examples,they are well known.
The same is true with debt.It makes your spouse and friends think that you are a genius,till you make a miscalculation and you get burnt,badly.
*no offence* You are absolutely correct. The speculators in the forum have gone quiet. During a bull run, you can even start thinking you are a genius, like you cant lose and that you are almost always right. Learning to live with a losing position of a company that one still believes in is one of the greatest assets a stock investor can have. Ignoring the market and the noise.. On that note been adding TPS . Ill soon double what i had before the fallout from above 35 Quality management. And risk management.
Experience always comes from managing capital during bear markets. Best traders and investors arise from these tough periods.
The golden handcuffs lessons at NSE have been on point as they've taught nice lessons to the bull joy-rider investors. I hope in the next bullish phase the lessons will sharpen those that have been taken to the cleaners in order for them to recoup those losses.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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chiaroscuro wrote:So what happened here? Hapa watu walinyoroshwa.... Looking at Stocksmaster's purchases DTB 192, TPS 46 and HFC 31.25 with a target of doubling Capital gains... Then the converse happened. Life is short. Live passionately.
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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sparkly wrote:chiaroscuro wrote:So what happened here? Hapa watu walinyoroshwa.... Looking at Stocksmaster's purchases DTB 192, TPS 46 and HFC 31.25 with a target of doubling Capital gains... Then the converse happened. Capital erosion for real
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Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
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I just read this thread again. I couldn't help but notice that @stocksmaster's student beat him in his own game in 2014 and delivered 93% gain that year. I guess stocksmaster changed his strategy while his student retained the original lesson. Interesting reads from Stocksmaster and Smutagalll. I guess it proves that a theory or investment design is independent of who applies it. People change, facts don't. Respect to you guys Since men have learned to shoot without missing, I have learned to fly without perching
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