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What was your worst mistake in trading.
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harrydre
#51 Posted : Friday, November 08, 2013 12:18:16 AM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
Impunity wrote:
obiero wrote:
averaging down safaricom by huge purchases to kes 4.6 and eventually selling at kes 3.8 when it started taking a dive.. I should have held on coz fundamentals hadnt changed significantly. I panicked. That was my worst mistake


IPO safcon, got a meager amount; then dipped more at post IPO at 7.50...never cried internally like that.
Sold off during the economic depression at 3.50...massive loss...should have waited since the cash collected from the diposal is still lying at some gaaament bills..
Sad Sad Sad


Thank you guys smile , while you were busy throwing away those shares, I was seriously collecting them at all times lows. Now laughing all the way to my broker smile

the chair stressing me right now is TPS especially with all this Al Shabaab menace.
i.am.back!!!!
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urstill1
#52 Posted : Friday, November 08, 2013 1:55:10 AM
Rank: User

Joined: 9/6/2013
Posts: 1,446
Location: In a house
I have laughed my all. Thank you guys. I started trading in campo with Co-op and Safcom IPO. Made losses and quit. Now I'm back promised myself never to buy anything IPO. Been trading for the last 7 months. I have a huge chunk of Mumias stressing me day and night coz I average 4.4 bob.
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kysse
#53 Posted : Friday, November 08, 2013 5:14:02 AM
Rank: Elder

Joined: 1/17/2013
Posts: 4,693
Location: Earth
harrydre wrote:


Thank you guys smile , while you were busy throwing away those shares, I was seriously collecting them at all times lows. Now laughing all the way to my broker smile



smile smile Never sold mine despite the negative talk.
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harrydre
#54 Posted : Tuesday, November 12, 2013 6:40:38 PM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
kysse wrote:
harrydre wrote:


Thank you guys smile , while you were busy throwing away those shares, I was seriously collecting them at all times lows. Now laughing all the way to my broker smile



smile smile Never sold mine despite the negative talk.



another stock that just made my day smile

http://www.businessdaily...6/-/ws1lltz/-/index.html
i.am.back!!!!
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YoungMulla
#55 Posted : Friday, November 22, 2013 12:32:15 PM
Rank: Member

Joined: 3/14/2012
Posts: 577
Location: Nairobi Kenya
Nice thread with solid lessons.
My huge mistake was KQ(I was attached to that counter then), bought it at mid thirties then watched it drop till I jumped ship at below 20, Never again!!!!
Before I die - i will touch the sky!!
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jokes
#56 Posted : Tuesday, November 26, 2013 7:30:44 PM
Rank: Member

Joined: 7/1/2008
Posts: 323
Eveready those batts cost me a 40% loss even when i averaged. It taught me never to buy ipos and never to listen to the hype. Lesson - do your own research and trust your instincts.
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  | | Edit by user: Wednesday, November 27, 2013 12:18 AM | Reason: Not specified
obiero
#57 Posted : Thursday, July 03, 2014 1:24:40 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,316
Location: nairobi
Bought HFCK at circa KES 14 and offloaded at KES 25. Indeed a profit was made but now the bloody thing is at KES 50.. Not my worst mistake but a tingly feeling of slight regret looms. I find solace in the famous words of Warren Buffet...
COOP, IMH, KEGN, KQ, MTNU
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SittingPretty
#58 Posted : Thursday, July 03, 2014 1:44:01 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
Pedes wrote:
Mumias..bought it at @12. This counter itanipa diabetes.But as guys are saying patiencePray ..patiencePray ..patiencePray

Pole I hope lost patience in good time! Financial lessons! In these business there's no one who is too smart. Sometimes its like wondering your neighbor's kid is on top of the class and yours at the bottom! Good luck!
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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KulaRaha
#59 Posted : Thursday, July 03, 2014 1:54:03 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Bought KQ at 20. Decided not to sell when it hit 60. Sold kq at 20 to move to another counter. I feel foolish!!
Business opportunities are like buses,there's always another one coming
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jawgey
#60 Posted : Thursday, July 03, 2014 2:01:06 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Jumped greedily into carbacid immediately after split and bonus @57bob.. I've seen it drop to 27bob.

All is not lost but I should have waited.
Seeing is believing
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