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What was your worst mistake in trading.
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mlennyma
#121 Posted : Wednesday, February 18, 2015 11:35:19 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
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 timeSad
"Don't let the fear of losing be greater than the excitement of winning."
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mazingira
#122 Posted : Wednesday, February 18, 2015 1:15:27 PM
Rank: Member


Joined: 10/26/2012
Posts: 136
Not having enough cash to buy more equity at 17
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omega
#123 Posted : Wednesday, February 18, 2015 1:46:08 PM
Rank: Member


Joined: 6/9/2009
Posts: 85
Bought KQ @21 in 2009 and watched it rise all the way to 60. Added more @40 and then came the rights issue and had to bail out at 13.

Note to self: Government controlled stocks could be good for speculative trading but not for long term investment.
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Caramba
#124 Posted : Wednesday, February 18, 2015 5:26:12 PM
Rank: Member


Joined: 10/27/2010
Posts: 266
Location: Nairobi
Bought Mumias at 6.00 and sold at 9.00 circa 2008. Watched it soar to 13.00 and re entered in a BIG way, following which it hit 15.00. Then Kidero and his boys struck.

Suffice it to say that I'm still wailing in the toilet.
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Forester
#125 Posted : Wednesday, February 18, 2015 6:27:35 PM
Rank: Member


Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
Picking Centum @82.5/- (panick buying) and see it drop to current levels. what was I thinking?!!!Sad
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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lochaz-index
#126 Posted : Wednesday, February 18, 2015 6:45:28 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Made my nse debut with the kengen ipo and sold out nearly 300% profit, kenya re 100%, stanbic ug 200%. Then safcom happened, my initial gut feeling was not to invest in the company on the simple premise that everyone was buying but somewhere along the line my greed took over and i liquidated all my portfolio and applied for the damn thing. Got back about 80% refund before trading had commenced add bought the share at an average price of 7.45. Was taken to the cleaners and cashed out fully at 3.5.
The main purpose of the stock market is to make fools of as many people as possible.
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Wa-home
#127 Posted : Wednesday, February 18, 2015 6:54:50 PM
Rank: Hello


Joined: 1/7/2015
Posts: 6
Took a loan of 600K and blindly pumped it into stocks after college in 2007; wanted to get rich quickly. Made crazy losses and only managed to cash back 400K. That was my biggest lesson wrt handling cash.
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ike
#128 Posted : Wednesday, February 18, 2015 6:57:46 PM
Rank: Member


Joined: 7/2/2014
Posts: 123
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 timeSad

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
,
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african coloner
#129 Posted : Wednesday, February 18, 2015 9:32:59 PM
Rank: Member


Joined: 10/8/2010
Posts: 446
Location: london
Buying quite alot of Safaricom at 5ksh and ofloading at 3ksh. Some broker collapsed with my shares and only got a few back. Having said that, KCB made me smile actually made me laugh
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faa
#130 Posted : Thursday, February 19, 2015 8:36:47 AM
Rank: Member


Joined: 5/8/2007
Posts: 709
Selling KK at 9.35 only for it to rise to the current 10+.

Buying KP at 13 bob, selling at 15.5 only for it to rise to the current 18.

Buying ARM at 80,selling at 87 only for it to rise to the current 89 levels.

The good thing with this mistake is that one learns.Hard lessons that can only be learnt in only that way.
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FUNKY
#131 Posted : Thursday, February 19, 2015 8:38:40 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Buying Pan Africa shares at 118 two months ago only to expect a profit warning yesterday.
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edwinmukiri
#132 Posted : Thursday, February 19, 2015 9:09:19 AM
Rank: New-farer


Joined: 8/11/2014
Posts: 72
Location: Nairobi
Buying Sameer at 8.3 then it dropped to 6 bob na imekwama hapo
Bulls make money,bears make money and pigs get slaughtered.
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subaru
#133 Posted : Thursday, February 19, 2015 9:48:44 AM
Rank: Member


Joined: 3/15/2010
Posts: 391
Location: nairobie
faa wrote:
Selling KK at 9.35 only for it to rise to the current 10+.

Buying KP at 13 bob, selling at 15.5 only for it to rise to the current 18.

Buying ARM at 80,selling at 87 only for it to rise to the current 89 levels.

The good thing with this mistake is that one learns.Hard lessons that can only be learnt in only that way.


it seems u have my portfolio just sold recently kenol and kenya power Sad Sad d'oh! d'oh! d'oh! d'oh!
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MKWASI
#134 Posted : Thursday, February 19, 2015 1:35:19 PM
Rank: Member


Joined: 4/20/2012
Posts: 888
Caramba wrote:
Bought Mumias at 6.00 and sold at 9.00 circa 2008. Watched it soar to 13.00 and re entered in a BIG way, following which it hit 15.00. Then Kidero and his boys struck.

Suffice it to say that I'm still wailing in the toilet.



This made my day. Pole lakini.
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sheri
#135 Posted : Saturday, February 21, 2015 1:57:15 PM
Rank: Member


Joined: 4/11/2007
Posts: 694
TPS it real messed me up
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ike
#136 Posted : Friday, February 27, 2015 4:44:46 PM
Rank: Member


Joined: 7/2/2014
Posts: 123
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 timeSad

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+
,
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mwekez@ji
#137 Posted : Friday, February 27, 2015 5:33:23 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
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 timeSad

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
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mlennyma
#138 Posted : Friday, February 27, 2015 5:38:09 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
FUNKY wrote:
Buying Pan Africa shares at 118 two months ago only to expect a profit warning yesterday.

Do you still hold your view??smile
"Don't let the fear of losing be greater than the excitement of winning."
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ike
#139 Posted : Friday, February 27, 2015 10:13:37 PM
Rank: Member


Joined: 7/2/2014
Posts: 123
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 timeSad

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
,
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mwekez@ji
#140 Posted : Saturday, February 28, 2015 11:58:01 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
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 timeSad

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?
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