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What was your worst mistake in trading.
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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
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Rank: Member Joined: 3/26/2012 Posts: 830
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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.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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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?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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.
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Rank: Member Joined: 10/26/2012 Posts: 136
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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
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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. !!!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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. !!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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selling KQ tomorrow at KES 5.30 while I know it shall head to KES 24 or more by mid next year. prior to that selling scom at KES 4.5 a few years back and seeing it close at KES 16 today. that was a major goof
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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obiero wrote:selling KQ tomorrow at KES 5.30 while I know it shall head to KES 24 or more by mid next year. prior to that selling scom at KES 4.5 a few years back and seeing it close at KES 16 today. that was a major goof Enyewe sold scom at 3 bob still hurting todate
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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subaru wrote:obiero wrote:selling KQ tomorrow at KES 5.30 while I know it shall head to KES 24 or more by mid next year. prior to that selling scom at KES 4.5 a few years back and seeing it close at KES 16 today. that was a major goof Enyewe sold scom at 3 bob still hurting todate Courtesy of @Hisa and @mwekezaji pessimism. Can't imagine safaricom at 4bob. Those guys always see stocks prices going downwards, year in year out, using their charts, tables and graphs. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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dunkang wrote:subaru wrote:obiero wrote:selling KQ tomorrow at KES 5.30 while I know it shall head to KES 24 or more by mid next year. prior to that selling scom at KES 4.5 a few years back and seeing it close at KES 16 today. that was a major goof Enyewe sold scom at 3 bob still hurting todate Courtesy of @Hisa and @mwekezaji pessimism. Can't imagine safaricom at 4bob. Those guys always see stocks prices going downwards, year in year out, using their charts, tables and graphs. especially @hisah.. i never read his posts when it touches on my portfolio
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 11/3/2015 Posts: 45 Location: Mombatha
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I think everybody should have an investment strategy like @hisah and @mwekezaji and it doesn't need to work like 100 percent, for me I only invest in the nse during a bull run, like 2013/2014
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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Boris Boyka wrote: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. Ksh6.3 billion loss....you should be heading out to buy more patience
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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On this blessed Sunday as you count losses, remember that you are not alone in the devastating 2015 bear slide 1. WALMART: Buffet USD 390M loss2. IBM: Buffet USD 500m loss3. TESCO: Buffet USD 750m loss4. Eight investors loose USD 166m at the NSE
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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It would be so unfair if I also do not bare it a little. Dsl. Imagine. Sitting down to weather a stocks down turn and all you got to do is do calculations of moves and you can not do anything other than be a student of muandiwambeu's xyz Co. Ltd. That's how I emerged out of 2011 bear run. I really took so many chill pills and cold tuskers. I do blame myself because the signs where real but I acted late. Sold cmc at 20 from 11 and bugged my profit but not cash. At the date of placing order I heard a lady complain that a bank xxx was not honoring Dsl cheques. My heart skipped a beat. Not sure what to do I left for my weekend to plan my strategy. After further analysis, I realized so many of my holding counters were in sale position. So the plan was ready sell all my holdings and cash out of Dsl. Come the following week the market was in a hell of a slide. None of my sale went through despite having been on best salling price range. Revised prices down by 15% and sale failed altogether- that's called a bear run. Then the annoying news came knocking. What! Statutory management ASAP. No more selling no cashing out. Imagine a section of my fellow citizens would quarter me on site if I missed a step into their pockets ever again. I got a financial divorce faster faster for messing up someone's cash on casino like investment and chilling on their chums. Lessons were plenty. Never tried to figure out the numbers lost cause I would never touch a stock again. To that I still own a chuck of Mumias shares so transfered to ksl that will always keep me cautioned.  nose so ya faint hearted. ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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It would be so unfair if I also do not bare it a little. Dsl. Imagine. Sitting down to weather a stocks down turn and all you got to do is do calculations of moves and you can not do anything other than be a student of muandiwambeu's xyz Co. Ltd. That's how I emerged out of 2011 bear run. I really took so many chill pills and cold tuskers. I do blame myself because the signs where real but I acted late. Sold cmc at 20 from 11 and bugged my profit but not cash. At the date of placing order I heard a lady complain that a bank xxx was not honoring Dsl cheques. My heart skipped a beat. Not sure what to do I left for my weekend to plan my strategy. After further analysis, I realized so many of my holding counters were in sale position. So the plan was ready sell all my holdings and cash out of Dsl. Come the following week the market was in a hell of a slide. None of my sale went through despite having been on best salling price range. Revised prices down by 15% and sale failed altogether- that's called a bear run. Then the annoying news came knocking. What! Statutory management ASAP. No more selling no cashing out. Imagine a section of my fellow citizens would quarter me on site if I missed a step into their pockets ever again. I got a financial divorce faster faster for messing up someone's cash on casino like investment and chilling on their chums. Lessons were plenty. Never tried to figure out the numbers lost cause I would never touch a stock again. To that I still own a chuck of Mumias shares so transfered to ksl that will always keep me cautioned. nse sio ya faint hearted.  ,Behold, a sower went forth to sow;....
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