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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Mistakes we have done @ CSE.

Mistakes we have done @ CSE.

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21Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Thu Feb 20, 2014 8:58 am

serene


Senior Equity Analytic
Senior Equity Analytic
@Leon wrote:
@serene wrote:
@Leon wrote:
@serene wrote:To be honest with you I guess I able to minimise several mistakes by taking the advise of senior members of this forum which i probably might have done had not i follow the forum.... Specially the advise of SLSstock.Thanks and Cheers....

So elaborate on that mate. Then we all can learn something.


Initially as a new comer i was chasing short term profits. My favorite counters were PAP, AAF, FLCH, CITK, CITW, BIL, CITK ,EXPO,HVA,LDEV,PCH, TESS but i got loss from the most of the mentioned counters.Now i don't have any of the above and now my PF consist of PLC, JKH, COMB, HNB, LIOC, WATA, SAMP and i only concern in buying and holding and i started invest 10% of my income ( Salary and Bonuses) in above counters.I'm happy to say that even i'm not so much concern about profit most of my counters are now @ profit. Thanks..

Me too have some of the shares you have. Even though those shares dip in red, I don't feel much panic. But if you are on credit, it is scary.


No leon. I'm Not at Credit.  Cheers.....

22Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Thu Feb 20, 2014 1:51 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@yellow knife wrote:I started investing in 2006 and the only great mistake from my past was inability to decide when to sell/exit.

Timing is when superb factor to be the star player. Always my entry time was perfect. But my exit time of a share was not perfect.

The worst experience was selling of EAST during the market peak era. That what should have been my great mistake. Anyway from todays point of view it would have been many times better to dispose EAST at 29.50  

No one can decide the point of exit,  if the stock is in the bull trend, we ll continuously expect the price to go up that our mentality, we can't blame us also, that is nature of human-being. It was happened to me during 2010 & 2011 I collected LCEY 190 to 200, it starts to moving up, finally it went up to 480 or 460 ( I can't remember the peak price) I was very happy, and too greedy also... I thought it will move further, my broker also in same view. I was holding but it starts its down trend finally i sold it @ 350 ( i suppose). So these all in the game so don't take as mistake this good learning for us.

23Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Thu Feb 20, 2014 10:19 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@seyon wrote:
@yellow knife wrote:I started investing in 2006 and the only great mistake from my past was inability to decide when to sell/exit.

Timing is when superb factor to be the star player. Always my entry time was perfect. But my exit time of a share was not perfect.

The worst experience was selling of EAST during the market peak era. That what should have been my great mistake. Anyway from todays point of view it would have been many times better to dispose EAST at 29.50  

No one can decide the point of exit,  if the stock is in the bull trend, we ll continuously expect the price to go up that our mentality, we can't blame us also, that is nature of human-being. It was happened to me during 2010 & 2011 I collected LCEY 190 to 200, it starts to moving up, finally it went up to 480 or 460 ( I can't remember the peak price) I was very happy, and too greedy also... I thought it will move further, my broker also in same view. I was holding but it starts its down trend finally i sold it @ 350 ( i suppose). So these all in the game so don't take as mistake this good learning for us.
Still you are fine no. I have some HNB avg around112.00. It went to 127.00 last week or so. I didn't dispose hoping for the dividend. Will see I also make the same mistake?

24Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Sat Feb 22, 2014 11:57 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ADP wrote:Friends this is what i have learnt so far and try to practice.

Buying on credit. I have made most of the my losses when I have got into a trade without the ability to hold. Even if you make a mistake with a trade you should be able to decide when to cut your losses without having your broker push you off a cliff. Unless you have a facility or agreement with your broker be very careful on how you play with credit.

Spend some time. Spend a lot of time before you make your decision to enter into a trade. It doesn’t matter if you trade in fundamentals or “crap” shares you should know as much as you can before you buy. Spend some time researching, the more you know about what you are getting into  will help your decision making down the line.

Don’t jump in with both feet and eyes closed. Just because someone tells you some fabulous news on some stock if you believe him on his word alone it wont be too long before you see your money wiped out. Remember in this game information is king and what is new news to you may have been hatched months or even years before it reaches you. At one time out of desperation I liquidated 2/3 of what I had to follow a sure shot deal from my broker. I almost got wiped out with that deal.
 
An exit strategy is as important as an entry strategy. How much money do you want to make from each trade and how much can you afford to lose, these are questions you should have firm answers to. this has helped me deal with the emotional seesaw of greed and fear.

Educate your self on the tools of the game. when you are starting out learn as much as you can about fundamental analysis ,charts, technical analysis . understated that demand and supply on a stock has a lot to do with where a stock will go. Demand can be created with rumor or performance and supply comes with who currently holds the stock( will they offload easily).A stocks path may not always be defined in these but at least you can get a glimpse of what the big boys are looking at.

Try to understand how things are interrelated. Stocks dont perform in isolation, there are many other factors to consider. whats the effect on foreign inflow/outflow, what is the effect on government policy to the economy, sector, company, what is the effect on interest rates, what are the business cycles.  

Have a strong enough reason(s) to enter into a trade, and don’t exit the trade unless the reason you got into the trade has changed or the entire landscape has changed .    
Good one mate...

25Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Sun Feb 23, 2014 12:37 pm

ADP


Manager - Equity Analytics
Manager - Equity Analytics
@Jana1 wrote:
@ADP wrote:Friends this is what i have learnt so far and try to practice.

Buying on credit. I have made most of the my losses when I have got into a trade without the ability to hold. Even if you make a mistake with a trade you should be able to decide when to cut your losses without having your broker push you off a cliff. Unless you have a facility or agreement with your broker be very careful on how you play with credit.

Spend some time. Spend a lot of time before you make your decision to enter into a trade. It doesn’t matter if you trade in fundamentals or “crap” shares you should know as much as you can before you buy. Spend some time researching, the more you know about what you are getting into  will help your decision making down the line.

Don’t jump in with both feet and eyes closed. Just because someone tells you some fabulous news on some stock if you believe him on his word alone it wont be too long before you see your money wiped out. Remember in this game information is king and what is new news to you may have been hatched months or even years before it reaches you. At one time out of desperation I liquidated 2/3 of what I had to follow a sure shot deal from my broker. I almost got wiped out with that deal.
 
An exit strategy is as important as an entry strategy. How much money do you want to make from each trade and how much can you afford to lose, these are questions you should have firm answers to. this has helped me deal with the emotional seesaw of greed and fear.

Educate your self on the tools of the game. when you are starting out learn as much as you can about fundamental analysis ,charts, technical analysis . understated that demand and supply on a stock has a lot to do with where a stock will go. Demand can be created with rumor or performance and supply comes with who currently holds the stock( will they offload easily).A stocks path may not always be defined in these but at least you can get a glimpse of what the big boys are looking at.

Try to understand how things are interrelated. Stocks dont perform in isolation, there are many other factors to consider. whats the effect on foreign inflow/outflow, what is the effect on government policy to the economy, sector, company, what is the effect on interest rates, what are the business cycles.  

Have a strong enough reason(s) to enter into a trade, and don’t exit the trade unless the reason you got into the trade has changed or the entire landscape has changed .    
Good one mate...

Thanks Jana Smile

26Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Sun Feb 23, 2014 6:29 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ADP wrote:Friends this is what i have learnt so far and try to practice.

Buying on credit. I have made most of the my losses when I have got into a trade without the ability to hold. Even if you make a mistake with a trade you should be able to decide when to cut your losses without having your broker push you off a cliff. Unless you have a facility or agreement with your broker be very careful on how you play with credit.

Spend some time. Spend a lot of time before you make your decision to enter into a trade. It doesn’t matter if you trade in fundamentals or “crap” shares you should know as much as you can before you buy. Spend some time researching, the more you know about what you are getting into  will help your decision making down the line.

Don’t jump in with both feet and eyes closed. Just because someone tells you some fabulous news on some stock if you believe him on his word alone it wont be too long before you see your money wiped out. Remember in this game information is king and what is new news to you may have been hatched months or even years before it reaches you. At one time out of desperation I liquidated 2/3 of what I had to follow a sure shot deal from my broker. I almost got wiped out with that deal.
 
An exit strategy is as important as an entry strategy. How much money do you want to make from each trade and how much can you afford to lose, these are questions you should have firm answers to. this has helped me deal with the emotional seesaw of greed and fear.

Educate your self on the tools of the game. when you are starting out learn as much as you can about fundamental analysis ,charts, technical analysis . understated that demand and supply on a stock has a lot to do with where a stock will go. Demand can be created with rumor or performance and supply comes with who currently holds the stock( will they offload easily).A stocks path may not always be defined in these but at least you can get a glimpse of what the big boys are looking at.

Try to understand how things are interrelated. Stocks dont perform in isolation, there are many other factors to consider. whats the effect on foreign inflow/outflow, what is the effect on government policy to the economy, sector, company, what is the effect on interest rates, what are the business cycles.  

Have a strong enough reason(s) to enter into a trade, and don’t exit the trade unless the reason you got into the trade has changed or the entire landscape has changed .    

Good one bro. We should all be following this.

27Mistakes we have done @ CSE. - Page 2 Empty Re: Mistakes we have done @ CSE. Sun Feb 23, 2014 8:39 pm

ADP

ADP
Manager - Equity Analytics
Manager - Equity Analytics
GMNet wrote:
@ADP wrote:Friends this is what i have learnt so far and try to practice.

Buying on credit. I have made most of the my losses when I have got into a trade without the ability to hold. Even if you make a mistake with a trade you should be able to decide when to cut your losses without having your broker push you off a cliff. Unless you have a facility or agreement with your broker be very careful on how you play with credit.

Spend some time. Spend a lot of time before you make your decision to enter into a trade. It doesn’t matter if you trade in fundamentals or “crap” shares you should know as much as you can before you buy. Spend some time researching, the more you know about what you are getting into  will help your decision making down the line.

Don’t jump in with both feet and eyes closed. Just because someone tells you some fabulous news on some stock if you believe him on his word alone it wont be too long before you see your money wiped out. Remember in this game information is king and what is new news to you may have been hatched months or even years before it reaches you. At one time out of desperation I liquidated 2/3 of what I had to follow a sure shot deal from my broker. I almost got wiped out with that deal.
 
An exit strategy is as important as an entry strategy. How much money do you want to make from each trade and how much can you afford to lose, these are questions you should have firm answers to. this has helped me deal with the emotional seesaw of greed and fear.

Educate your self on the tools of the game. when you are starting out learn as much as you can about fundamental analysis ,charts, technical analysis . understated that demand and supply on a stock has a lot to do with where a stock will go. Demand can be created with rumor or performance and supply comes with who currently holds the stock( will they offload easily).A stocks path may not always be defined in these but at least you can get a glimpse of what the big boys are looking at.

Try to understand how things are interrelated. Stocks dont perform in isolation, there are many other factors to consider. whats the effect on foreign inflow/outflow, what is the effect on government policy to the economy, sector, company, what is the effect on interest rates, what are the business cycles.  

Have a strong enough reason(s) to enter into a trade, and don’t exit the trade unless the reason you got into the trade has changed or the entire landscape has changed .    

Good one bro. We should all be following this.

Thanks GMnet

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