tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
My Worst Pick Ever
- Thread starter burglar
- Start date
- Joined
- 22 November 2010
- Posts
- 3,661
- Reactions
- 9
I've always wanted Tomorrow's Newspaper today, but Rupert Murdoch does not wish co-operate.
Now I take monthly charts to a 5 year old and ask them which way the lines are going.
If they say down I DON'T BUY IT!
But I only do this since my worst pick, because I have made mistakes and tried really hard to learn from them.
That's why this post is serious!!
- Joined
- 22 November 2010
- Posts
- 3,661
- Reactions
- 9
I see lots of white numbers on blue background. I am sure the colours are significant.
- Joined
- 13 November 2010
- Posts
- 71
- Reactions
- 0
It's fine to have small losses but 50 - 100% of your investment is too big a loss. You can't make much on the next big run up if you have little or no money left to continue trading with.
Dont be the person who gives large donations to the market. Use a stop loss order to minimise risk.
Dont be the person who gives large donations to the market. Use a stop loss order to minimise risk.
- Joined
- 28 March 2006
- Posts
- 3,554
- Reactions
- 1,283
exactly, and a 50% loss requires a 100% gain to get back to where you were.
- Joined
- 22 November 2010
- Posts
- 3,661
- Reactions
- 9
Part of me agrees with you.
Let me explain this way.
If I take a lifetime to make a fortune, I will be 125 years old.
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
Not mine Buddy
QTM was a flatline with a rumour/team/inside story and caused a 1 day multi bagger spike....was a proffesional con job and stung a few of us greedy folk...( even made the papers...("wizards of bourse") )
early 2000 area( maybe late 90,s) buggared if i can remmember now
was a good learning experience tho
but hey some of us aint as perfect as others make themselves out to be in here
or they could be full of ..........
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
But hey did i tell ya about my 2000% win on MGXO or my 1400% win on MGX .
Nah .......
But hey you guys that been perfect from day one .....you rock
Nah .......
But hey you guys that been perfect from day one .....you rock
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
Oh also..
Glad to see that al these "traders " that only ever take small losses and follow there "trade plan " that dont let them take any larger losses EVER.......obviously there "trading plans" dont allow stocks they hold to go into Halts and gap through there stoploss points according to that plan...
No offense intended but after reading SOME of the patronising and BOOK inspired comments here ..it has confirmed my belief that there are some here that know squat about trading but know how to type well in forums......leading to my previous observation that maybe they just fulla ......
like i said no offense intended just bored with hearing how great your notes say you are....
Glad to see that al these "traders " that only ever take small losses and follow there "trade plan " that dont let them take any larger losses EVER.......obviously there "trading plans" dont allow stocks they hold to go into Halts and gap through there stoploss points according to that plan...
No offense intended but after reading SOME of the patronising and BOOK inspired comments here ..it has confirmed my belief that there are some here that know squat about trading but know how to type well in forums......leading to my previous observation that maybe they just fulla ......
like i said no offense intended just bored with hearing how great your notes say you are....
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
observations over
as you were
avaniceday
as you were
avaniceday
- Joined
- 22 November 2010
- Posts
- 3,661
- Reactions
- 9
You sold the lot? What !!
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Its also pretty boring seeing comments from posters who have no idea of portfolio management let alone trade management.
If they DID they would know that their trading plans would not be hurt by the odd stock being delisted let alone gap down or halted.
No offence of course.
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
LOL i take it you are implying that i have no idea on portfolio managemment.
hahahahah.
um not once did i mention the size of my position in relation to portfolio size ONLY the loss % on the trade ........ it was a loss and i learnt from it. was not a portfolio destroyer
lol you crack me up
great to see your "trading" has not ever taken a large loss on a single trade tho as you pointed out earlier... you must be special.
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
Yep . great stuff
No gap downs, no delistings , no probs bro ...
yep stoplosses obviously work 100% for ya
i am in awe
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Indexes don't get de-listed. Don't gap too nastily either.
Sunshine and lollipops. :arsch: :fan :70:
So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,464
- Reactions
- 1,463
Some people do pretty much the opposite of this ^ and do just fine...having a open ended investment time frame and no leverage means you can give a stock room to move and time to come good....after all someone's gota buy the bottoms, there's people buying and selling at all levels.
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
yepand im all for it.
The conversation here was mainly dealing with individual company trading though
Still a sucker for the ASX as a part of my portfolio overall .... lol . buggared if i know why tho at times
- Joined
- 19 May 2010
- Posts
- 293
- Reactions
- 1
Worst investment ever was WFL or Willmott Forests, no idea why I bought into them back then (looking through the old reports, so many red flags were being raised) but I ignored and paid the price. Luckily it was only a smallish amount (3k or so) so it was painful but it wasn't an untimely death of my portfolio. Everyone's got a story of a company they bought in due to a lack of judgment at the time, and if they haven't I wish I was them , hopefully I've learnt my lesson and from now on I'll only be taking smaller losses on shares instead of blowing up money.
, hopefully I've learnt my lesson and from now on I'll only be taking smaller losses on shares instead of blowing up money.
- Joined
- 22 November 2010
- Posts
- 3,661
- Reactions
- 9
I bought EXMOA at $0.002 ... where exactly, should I have put a stop loss order to avoid 50 - 100% loss.
