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Your Biggest Investment Blunder!! & lessons learned!

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How b'out buying into PDN in '98 (75ooo @ 7c). Holding for 3 years (despite the spikes) sure that nuclear energy and uranium was about to go off. Ended up cashing out at a significant loss to buy into BDL (down from >2.00 to 3c) sure that their african worries were complete- only to have BDL fall over and do a 100:1 share consolidation
Managed to turn 5K into $50 for the whole excercise.
Stopped doing the sums when PDN breached $5 (try to anyway )

What do you do, told myself three years was the limit
 
My single big blunder was back when IB was fine with margin for Aussies.
Big mistake 10/2014 lost a crap load and took years to recover.

Lesson learned for sure.
 
My single biggest blunder, is holding onto a $ hit share, thinking it will end up smelling like roses.
The problem is I still do it, I think Skate said, doing well in shares is knowing when to sell.
That is the best tip ever. IMO
 
sptrawler said:
My single biggest blunder, is holding onto a $ hit share, thinking it will end up smelling like roses.
The problem is I still do it, I think Skate said, doing well in shares is knowing when to sell.
That is the best tip ever. IMO
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I have done this a number of time.

And like duh - Homer!!

I now - always draw a line in the sand. I'm out at that level, no ifs, no buts!
 
myrtie100 said:
I have done this a number of time.

And like duh - Homer!!

I now - always draw a line in the sand. I'm out at that level, no ifs, no buts!
Click to expand...
I know what you are saying, I locked in an eye watering loss on AMP, last week.
But I feel a lot better now, I've stopped sobbing and having suicidal thoughts.
 
Biggest blunder I've ever made was taking professional advice and not questioning everything.

Long story short lost serious $ at the time.

If you're paying for advice on any subject then make very sure that whoever's giving such advice is themselves successful in that field. Make sure you know enough to determine whether or not they know their stuff. Same goes with anything important.
 
sptrawler said:
My single biggest blunder, is holding onto a $ hit share, thinking it will end up smelling like roses.
Click to expand...

Yeah that's something I've avoided totally. Weekends (weekly system), run a scan and enter the sell 5% below Fri close. Never missed a sell.

Smurf1976 said:
Biggest blunder I've ever made was taking professional advice and not questioning everything.

Ahhh yes, I can relate to that!
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My biggest blunder has been not buying CSL when it was less than $25.

I understood the company, I believed it was a great company, with good growth prospects etc. and knew it was recession proof.

But I couldn’t get past the high P/E ratio, and that was a mistake.
 
I so wish my biggest blunder was a missed opportunity.
.i was playing with a set of option.left for a Thai holiday in the north with a 60k paper profit, when back in the connected world after a fortnight, was at a 10k loss
What was i thinking
I never ever made 60k paper profit since...
 
@Sir Burr thank you for reactivating a thread I have not read before & this thread is very educational. I'm re-posting a few of my posts from the 'Dump it here' thread as there maybe a quote that gets other members to visit & read my thread.

Skate said:
Quote
“Education is something that is done to you. Learning is something you do for yourself."
Skate.
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sptrawler said:
I know what you are saying, I locked in an eye watering loss on AMP, last week.
But I feel a lot better now, I've stopped sobbing and having suicidal thoughts.
Click to expand...

@sptrawler thanks for making this quote as it has given me the blatant opportunity to promote my 'Dump it here' thread & your post adds validity to one of my previous post [attached below]


The bleeding obvious
As this thread is about investment blunders let me state the bleeding obvious - blunders in this game come from (a) NOT picking stocks that increase in price & (b) NOT effectively managing the positions after you buy them. Item (b) is the one you should take notice of - not doing so can cost you money.



sptrawler said:
My single biggest blunder, is holding onto a $ hit share, thinking it will end up smelling like roses.
The problem is I still do it, I think Skate said, doing well in shares is knowing when to sell. That is the best tip ever. IMO
Click to expand...

@sptrawler - thanks for referencing one of my posts & for the benefit of others I'll re-post them.



The 'Dump it here' thread if full of quotes like the ones above, other members have also contributed to the thread & it's a worthy read. If you only want to read my posts grab the free eBook listed in my tag below.

Skate.
 
My biggest investment blunder was, a few years ago, being inspired by Warren Buffett and becoming a value investor. I underperformed during that period. It was a blunder for me, personally, because by nature, how I view investing is the opposite of how a value investor sees the world.

I have no doubt that if I stuck with it, I would have been successful at value investing. I learn fast and can apply myself to just about anything.

But as Warren says: stick to your circle of competence. My lesson learned is that there's no need to become an expert in every style of investing. You're better of finding the style that aligns best with your personality, and become an expert in that.
 
My biggest blunder, sucked into saftey in the market and wasting heaps of time and money naively trying to win at futures trading untill BBY went broke.
 
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