bullrun wrote:I invested abut 6 ml in CSE about one year back and did some over trading. Due to this the value of my portfolio has come down to 2.4 mln. .......
From the above it seems you have lost about 60 % of your investment .
This seems strange, when someone look back, performance of the market during last one year period .
During the period under consideration , starting from 15 Nov 2012,maximum drop in ASI had been only 4%. (from 5572 to 5330 on 12/04/2012). From there onwards ASI has increased by around 22% (to 6490 on 5/23/2013.). ASI has beeen in a declining trend thereafter.
However , even when someone consider the whole period from 15 Nov 2012 to 15 Nov 2013 , ASI indicates an increase of around 4%.
If someone to loss around 60 % during above period, he had to engage in , not only over trading , but some extraordinary trading !!
I just glanced thro' some of your previous posts, to get an idea about what types of shares you were interested during those period. What I came across , was these invaluable advices !!! (...... you have offered to other members from time to time) .
" By and forget. Don’t try to book profit very often till you get seasons. In other words do not focus quick money. Think about long run. The best thing is that before buying you have to have schedule of stock with reasons as to why you consider them. Then collect, EPS, DPS, NAVPS etc. Read annual reports and future forecast etc. Never buy with mere brokers recommendations. They recommend what they want to sell. You will never be able to change market direction but if you can find the same correctly you will be able to win..."
" Try only regular dividend paid counters. No speculative counters. Try only sound counters. Everything now have come down. The market never closed. it will definitely go beyond this level soon "
" My opening is wait further more until you see a positive signs of the market and invest in non inter related highly discounted dividend paid counters. If it is 2.00 ml go for at least four firms and buy and keep aside as if you invested in FD. You will be able to recover part of your losses too."
"My sincere feeling is that the most counters have come to the lowest level so to recommending even to new comers is not a problem. The mistake that new commerce do is to do trading without experience. So, why don't we ask them to do investments on short terms and long terms basis? "
"Why people worry about manipulators? Let them to do what they like. Think about good stuff. Foreigners are continuously buying but specially the retailers are looking at manipulators to find quick money and ultimately "kelawagannawa".
"kelawaganne nethuwa, buy good stuff only at least you will get dividends annually. "
" If we now jump and buy the counters which foreigners purchased during the past there will be a disaster since a chance is there to book profit by them. Then once again we will be get caught. It is better to find sound counters where the foreigners have not yet stepped.
Don't go after gambling. You should think about the counters where you can expect profit at least in future.
"Try to be lead rather than following".
I was so frustrated about investing in some counters due to price fall. But I did not move away. Collected little by little reducing my average cost. Now I have booked a handsome profit from a counter stagnated for long period. The profit I got will never be able to get by investing any scheme of any bank. "
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