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What was your worst mistake in trading.

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edwinmukiri		#291 Posted : Thursday, April 26, 2018 6:25:11 AM
Rank: New-farer Joined: 8/11/2014 Posts: 72 Location: Nairobi		obiero wrote: Edwin Smith wrote: Buying KPLC at 15 and then at 10bob, I have not sold the shares yet but am thinking of cashing out at a loss Wow. MSC, plus KPLC.. Truly you have gotten the short end of the stick at NSE, but do not loose hope there is money to be made in the market, just depends on information! The one with the least information will always fall short in market asymmetry law Sure thing Bulls make money,bears make money and pigs get slaughtered.
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Edwin Smith		#292 Posted : Thursday, April 26, 2018 6:31:08 AM
Rank: Hello Joined: 4/19/2018 Posts: 7 Location: Nairobi		obiero wrote: Edwin Smith wrote: Buying KPLC at 15 and then at 10bob, I have not sold the shares yet but am thinking of cashing out at a loss Wow. MSC, plus KPLC.. Truly you have gotten the short end of the stick at NSE, but do not loose hope there is money to be made in the market, just depends on information! The one with the least information will always fall short in market asymmetry law Those two were bad but the good thing is they were like 20% of my investment. KCB, Equity and Safaricom levels out the loss in a big way.
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Monk		#293 Posted : Wednesday, May 02, 2018 10:55:50 AM
Rank: Member Joined: 7/1/2009 Posts: 272		Not knowing when to quit time and again: MSC-left with a 25% loss (170K) in 2013, having accumulated from 2005. KQ-left with a 40% loss (117K) in 2011 after mistakenly betting on the 2010 World Cup in SA to lift their profitability and share price. Naikuni couldn't turn that windfall into profits. CARB-passed up an opportunity to cash in when it was at its highest in 2014 following a bonus and split. It started falling soon after in 2015 and has never recovered. KPLC-Decided to hang on to Mama Ngina's coat tails when she boarded in 2013, thinking her influence would benefit all the shareholders. If I was to bail out today, I would incur a 30% loss (117K) These days I closely follow the counsel from @vvs and other FAs in Wazua. No more GoK stocks and most of the so called "growth stocks" for me, except KK. Focusing mainly on dividend yields.
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obiero		#294 Posted : Wednesday, May 02, 2018 11:13:09 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi		Monk wrote: Not knowing when to quit time and again: MSC-left with a 25% loss (170K) in 2013, having accumulated from 2005. KQ-left with a 40% loss (117K) in 2011 after mistakenly betting on the 2010 World Cup in SA to lift their profitability and share price. Naikuni couldn't turn that windfall into profits. CARB-passed up an opportunity to cash in when it was at its highest in 2014 following a bonus and split. It started falling soon after in 2015 and has never recovered. KPLC-Decided to hang on to Mama Ngina's coat tails when she boarded in 2013, thinking her influence would benefit all the shareholders. If I was to bail out today, I would incur a 30% loss (117K) These days I closely follow the counsel from @vvs and other FAs in Wazua. No more GoK stocks and most of the so called "growth stocks" for me, except KK. Focusing mainly on dividend yields. Pole sana, but hope is eternal. My average buy price on KQ is KES 24.2; if I were to sell KQ today, I would be KES 976,000 in the red. Sema hasara! But im not making any false/early moves until I read the Open Offer circular KQ ABP 4.26
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Spikes		#295 Posted : Wednesday, May 02, 2018 11:30:37 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		obiero wrote: winmak wrote: obiero wrote: More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon It will... SHINDWE! KQ will make you poor as market makers prey on you...Only market makers mint money on trading KQ. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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deadpoet		#296 Posted : Wednesday, May 02, 2018 11:49:44 AM
Rank: Member Joined: 9/27/2006 Posts: 506		Still holding on to my ARM cement shares. I've seen the prices tumble from an all time high of Ksh 90 to the current low levels of 7 bob. Can't sell now so I might as well stay in for another 5 years.
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Spikes		#297 Posted : Wednesday, May 02, 2018 11:52:19 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		deadpoet wrote: Still holding on to my ARM cement shares. I've seen the prices tumble from an all time high of Ksh 90 to the current low levels of 7 bob. Can't sell now so I might as well stay in for another 5 years. What's your entry price? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes		#298 Posted : Wednesday, May 02, 2018 11:54:14 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		deadpoet wrote: Still holding on to my ARM cement shares. I've seen the prices tumble from an all time high of Ksh 90 to the current low levels of 7 bob. Can't sell now so I might as well stay in for another 5 years. What's your entry price? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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deadpoet		#299 Posted : Wednesday, May 02, 2018 12:01:51 PM
Rank: Member Joined: 9/27/2006 Posts: 506		Spikes wrote: deadpoet wrote: Still holding on to my ARM cement shares. I've seen the prices tumble from an all time high of Ksh 90 to the current low levels of 7 bob. Can't sell now so I might as well stay in for another 5 years. What's your entry price? 44 bob post-split.
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obiero		#300 Posted : Wednesday, May 02, 2018 12:03:09 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi		Spikes wrote: obiero wrote: winmak wrote: obiero wrote: More confessions are needed.. Its good for the soul. Only hope that KQ doesn't become my testimony soon It will... SHINDWE! KQ will make you poor as market makers prey on you...Only market makers mint money on trading KQ. Only a poor man fears poverty. Once you know how to make money, such thoughts are banished KQ ABP 4.26
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