I've had a few worst picks that I should have sold.
But NOTHING compared to the worst picks that I should have held.
Yep, lesson not learnt. I did it OK for a while but emotions got the better of me.Why don't you have a re entry stratagy?
If a stock does an about face and blasts off to new heights it will be just as obvious as the first time you bought it.
I've had gaps down and de lists but the portfolio has never suffered more than a 12% drwadown from a delist and 3% from a gap down that drawdown was against OPEN profit so no big deal.
I brought FWLO - options in Ferrowest a few years back, i paid up to 50c for them only to see them drop to 40c then 30c. I remember thinking 'surely they cant drop any further', boy was i wrong. They ended up at less than 1c before expiring worthless this year.
Had every opportunity to sell them on the way down but they ended up just being a lesson for the future about being more conservative with options.
Maybe you're Worst Pick Ever was a sold too early story, you know, the Motza that got away.
Im sure there are
But For what its worth this is my Resources portfolio.
Maybe you'll notice something of interest
G'day Tech
I have been looking at the white numbers on the red/blue background and I am interested in what it is I should notice. Here's my list:
- 2 positions with multiple sell lmt and sell stp orders, larger than other positions - is this due to adding to winning positions ?
- Large variation in position sizes even with single sell lmt and sell stp orders (no pyramiding) - is this due to position sizing based on trade risk, ie, buy-stp, to limit portfolio risk to a maximum pre-determined figure for any one position ?
- No large losses (compared to the size of the gains) - exit before the loss gets too big.
- All positions have sell lmt and sell stp orders - maximum loss and profit targets decided before starting the trade.
Have I made too many assumptions, what have I missed ?
Cheers
Paul
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 ..........
I bought EXMOA at $0.002 ... where exactly, should I have put a stop loss order to avoid 50 - 100% loss.
This post is hilarious. I had a look at the charts that people lost big money on and they were all trending downwards on the monthly high/low charts.
Possibly if you are in that boat (50% plus losses on one stock) you should print out monthly charts before buying. Take it to a 5 year old and ask them which way the lines are going. If they say down DON'T BUY IT!
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 ..........
Nunthe wiser you seemed to get fired up about my post did i hit a nerve! Havn't read anyone saying they are perfect on this post.
.
Why am I constantly reminded of the late, great and occasionally sober Brendan Behan and his musings...
"Critics are like eunuchs in a harem: they know how it's done, they've seen it done every day, but they're unable to do it themselves."
Nunthe wiser you seemed to get fired up about my post did i hit a nerve! Havn't read anyone saying they are perfect on this post.
If no one gives ideas on how to reduce the effect of bad trades (i.e stop loss orders, useful FA etc) this post is of no benefit to people reading it, ...
nunthewiser had a bad day as is shown by the new thread started that day.
https://www.aussiestockforums.com/forums/showthread.php?t=21144
In my opinion the monthly chart for EXM (underlying security of the option) is showing the main trend as being down since March this year when it took out the September 2009 low. So probably shouldn't have bought call options on this stock in the first place.
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