would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
I am pretty sure most of the new investors got slaughtered in this blood bath. But really, it was never your fault. You joined late, you bought late- which meant prices were at highs or in the middle, and the state ministers were applauding at how this market was the best in the world. Not your fault at all. This is Sri Lanka, so you can;t put fault onto immune officials and figures so, you got to own the bucket now.
As sentiments with new investors were almost likely the same, let me share my experience. Been almost an year, and to be honest this was a very scary ride. No counters survived this turmoil, but what did I not worry about? Value shares with strong fundamentals. I did not bother. much I was able to lower the cost with a few counters today.
Now what did I fear for? The counters that I bought based on speculation, and stupid TP's based on one "expert". I was bleeding so hard with these I decided to pass the bucket as I could not watch the dip- I was patient for days and this was a point I lost confidence in the market as a whole, and specifically on these counters, and guess what, I could not find a god damn BUYER! I got butchered, if I was a boy I would have cried. Felt like the seagull that was fed fish by a trawler. Even in the market recovery phase today, there were no positive signs for these counters. Cutting my losses, I lost a six-figure sum with these counters. I have made my gains so, gotto accept this is as a part of trading.
Yes ultimately the market did turn around, but what if the market had failed the 50MA support as well? This was a crazy nut job. I had support levels in mind, and every support level got destroyed.. and that was when I lost confidence. Do i regret my actions TODAY? No. Did i learn a lesson? Yes.
I am pretty sure the new guys faced the exact same scenario. So with my story, my little tip is-
ALWAYS INVEST IN VALUE!
ALWAYS BOOK PROFITS! (If I had booked my profits by end of January- I would have a handsome amount in hand now through the highs enjoyed by value shares)
DONT BE GREEDY! 20%? or 10%? stick to a profit locking rule and abide by it.
USE YOUR OWN MONEY TO BUY SHARES.
Another advise I would say is, in a downturn of the market- if you do not want to lose your profits- go ahead and sell. The experts and older traders may have a sizeable margin to sacrifice, you dont have to do the same. Dont ever put yourself into the risk appetite of another trader.
I learned my lesson. I hope you did too. Good luck trading. To the seniors if you are reading this, and if there is anything controversial here please do advise. Finally, in all honesty, the seniors at this forum were very helpful and useful in my trading, and i will continue to ask their opinions before i make my investments.
As sentiments with new investors were almost likely the same, let me share my experience. Been almost an year, and to be honest this was a very scary ride. No counters survived this turmoil, but what did I not worry about? Value shares with strong fundamentals. I did not bother. much I was able to lower the cost with a few counters today.
Now what did I fear for? The counters that I bought based on speculation, and stupid TP's based on one "expert". I was bleeding so hard with these I decided to pass the bucket as I could not watch the dip- I was patient for days and this was a point I lost confidence in the market as a whole, and specifically on these counters, and guess what, I could not find a god damn BUYER! I got butchered, if I was a boy I would have cried. Felt like the seagull that was fed fish by a trawler. Even in the market recovery phase today, there were no positive signs for these counters. Cutting my losses, I lost a six-figure sum with these counters. I have made my gains so, gotto accept this is as a part of trading.
Yes ultimately the market did turn around, but what if the market had failed the 50MA support as well? This was a crazy nut job. I had support levels in mind, and every support level got destroyed.. and that was when I lost confidence. Do i regret my actions TODAY? No. Did i learn a lesson? Yes.
I am pretty sure the new guys faced the exact same scenario. So with my story, my little tip is-
ALWAYS INVEST IN VALUE!
ALWAYS BOOK PROFITS! (If I had booked my profits by end of January- I would have a handsome amount in hand now through the highs enjoyed by value shares)
DONT BE GREEDY! 20%? or 10%? stick to a profit locking rule and abide by it.
USE YOUR OWN MONEY TO BUY SHARES.
Another advise I would say is, in a downturn of the market- if you do not want to lose your profits- go ahead and sell. The experts and older traders may have a sizeable margin to sacrifice, you dont have to do the same. Dont ever put yourself into the risk appetite of another trader.
I learned my lesson. I hope you did too. Good luck trading. To the seniors if you are reading this, and if there is anything controversial here please do advise. Finally, in all honesty, the seniors at this forum were very helpful and useful in my trading, and i will continue to ask their opinions before i make my investments.
Last edited by AmateurTrader001 on Thu Feb 11, 2021 9:07 pm; edited 1 time in total
) and now holding everything and collected some shares at bottom level. Hope the new letter shared by CSE will give more positivity tomorrow. End of the day loss reduced by 50%...