What's your biggest single stock loss?
- Thread starter barnz2k
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- biggest loss loss
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PEM took a huge position based on a broker recommendation at 3.40 sold at 1.92...it was a trade that represented everything you possibly do wrong....I lost half my capital.....
then when it went lower ai bought back in..talk about a sucker for punishment....BNB is not a good opportunity ATM....it could go a lot lower
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I had a 50% loss on RHG before I decided to cut and run. Since then they have lost another 25%. This was one of the first shares I ever bought and was only back in Feburary this year. Letting it go for a loss was initially very hard! Breaking the psychological barrier is something I am still learning. As has been said, often times I have sold at a considerable loss, and on the flip-side taken profits too early because I got excitied or set up my just acquired stop loss tolerance too low! lol
Another blunder was Reeltime Media (RMA). Bought at 1.1 cents after they announced Video Ezy was interested in their partnering, to only find out 2 weeks or so later they went into administration.
Something I have learned from both of these shares I lost heavily on... don't take tips from other people!
My only profitable shares have been the ones I have done my own extensive research on. Trading continues to be an ongoing learning process (usually from my mistakes) for me.
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- 20 June 2008
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my accountant said i should get some shares to claim the franking credits.
that was in January. I bought in Feb.
lets just say that i think the value of the franking credits has now been offset somewhat by the $11,500 LOSS since february!!!
hence my user name...
that was in January. I bought in Feb.
lets just say that i think the value of the franking credits has now been offset somewhat by the $11,500 LOSS since february!!!
hence my user name...
Lost
$65K in BMN shares
$15k in CSL warrants
$13k in WBC warrants
$10k in MBL warrants
$6k in BNB shares
$8k in NEC
$5k in PGM
$7k in HLX
$8k in MOL
$2k in BSL warrants
$2k in RIO warrants
$5k in MAK(paper currently riding)
$5k in NOD(some riding , about half)
$65K in BMN shares
$15k in CSL warrants
$13k in WBC warrants
$10k in MBL warrants
$6k in BNB shares
$8k in NEC
$5k in PGM
$7k in HLX
$8k in MOL
$2k in BSL warrants
$2k in RIO warrants
$5k in MAK(paper currently riding)
$5k in NOD(some riding , about half)
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- 2 May 2007
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Dear Atma (soul)
You have gutts to open the secret
I am having similar story but afraid to open it out
Probably both of us should join the same club
I will consolidate the actual losses and post it later
Regards
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Wanted to sell UGL at about $20 but held on for tax reasons .... $40k down now and wishing I had that bigger tax bill that goes with bigger incomes and capital gains.
never doubt the peoples champion... never
bill gates is going to fight HIV ( and i reckon ATC is his windows platform)...
lots of long term holders around!!!!!!!!! gold...
well its all about honesty...
DIO is hurting... but i refuse to sell...
but'
im the ****wit who sold out of SDL at .30, now its back up to .37.
i can handle AVX and LGL being down, cause they will be back... but... dare i mention it.. any other gold lads here???
VRE
**** you ****s
DIO is hurting... but i refuse to sell...
but'
im the ****wit who sold out of SDL at .30, now its back up to .37.
i can handle AVX and LGL being down, cause they will be back... but... dare i mention it.. any other gold lads here???
VRE
**** you ****s
Attachments
subaru69
Just keep swimming...
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The week before the Dot-com crash, I held a bunch of tech stocks (can't remember which) and had made about 20% on them. Rang my broker and said I wanted to sell them all and buy NAB (I think it was $19). He told me I was stupid and that techs would only keep going up and that NAB would never get over $20...
Hence I have never used a broker since.
Can't remember the $$ lost but it was all I had when I was 20 and still a student.
Still bitter, but a lesson worth learning sooner rather than later.
Hence I have never used a broker since.
Can't remember the $$ lost but it was all I had when I was 20 and still a student.
Still bitter, but a lesson worth learning sooner rather than later.
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- 9 November 2007
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I admire your honesty here's mine.
$10k+ mix ordinary shares
$2k CBA warrants
$5k BHP warrants
$2k Rio warrants
$2k CSL warrants
$3k NAB warrants
$2k WPL warrants
although I won back around 40% of the loss.
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Pre-subprime crisis I had significant holdings in Allco, Babcock and Macquarie Bank.
Anyone who knows a thing or two about these companies would understand the pain I am feeling.
I dropped about 60 grand on Allco and sold out. Would have lost even more if i still held now. This was a broker recommended stock when it was around 12 bucks a share. It's now about 40c.
I still hold Babcock and an sitting on a unrealised loss of around 20 grand. Last week's wipeout on BNB felt like Allco all over again. Kind of like getting hit twice by lightning within 6 months.
Macquarie I fortunately bought ages ago when it was around $55 per share. So at it's current prices I only sitting on a loss of around 10 or 15 grand. I expect to get this back in due course and will take the dividends in the mean time.
My only redemption is that I didn't take a pal's advice to by into ABC Learning at last year when they were flying.
Anyone who knows a thing or two about these companies would understand the pain I am feeling.
I dropped about 60 grand on Allco and sold out. Would have lost even more if i still held now. This was a broker recommended stock when it was around 12 bucks a share. It's now about 40c.
I still hold Babcock and an sitting on a unrealised loss of around 20 grand. Last week's wipeout on BNB felt like Allco all over again. Kind of like getting hit twice by lightning within 6 months.
Macquarie I fortunately bought ages ago when it was around $55 per share. So at it's current prices I only sitting on a loss of around 10 or 15 grand. I expect to get this back in due course and will take the dividends in the mean time.
My only redemption is that I didn't take a pal's advice to by into ABC Learning at last year when they were flying.
I bought ZFX in march for $10.68 and they continued to get hammered down to $8.20 so I'm sitting on a 30% loss for them. However, I'm very bullish about OZ Minerals and plan to hold the stock for at least 5 years so I'm not too fussed about being in the red atm.
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I admire your honesty here's mine.
$10k+ mix ordinary shares
$2k CBA warrants
$5k BHP warrants
$2k Rio warrants
$2k CSL warrants
$3k NAB warrants
$2k WPL warrants
although I won back around 40% of the loss.
Hi
How did you lose on those warrants - were they call warrants ?
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Hey im fairly new to the stock market. I've been watching and trading a small bit in the last 12 months. When it comes to losses, i was heart broken over seeing the shares dive in a company that i invested in - and work for.
However my loss was $4K and i thought that was really bad - although i have yet to sell the shares. Looking at some of the above stories just shocks me the massive losses some of you guys take. How do you get over some of them??
However my loss was $4K and i thought that was really bad - although i have yet to sell the shares. Looking at some of the above stories just shocks me the massive losses some of you guys take. How do you get over some of them??
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- 23 September 2007
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Biggest realised loss was when I didnt believe in stop losses.
About $35K on a $25 CFD Aussie200 contract....
Now with good discipline (about 80% of the time) max loss is $1k
About $35K on a $25 CFD Aussie200 contract....
Now with good discipline (about 80% of the time) max loss is $1k
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