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Community


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Online Share Trading

Engage and learn about markets and trading online

Woe is me........Shakespeare

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Maggie
Super Contributor
R1.2m in September is now R549,000. flip, I can take the Pick n Pack boxed wine but I am struggling to buy petrol for my Ferrari!!! and then there is the flipping f?>
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13 REPLIES 13
Not applicable
Maggie, Ouch..... you have to share your system then we can tweak it or avoid the same mistakes at least.....
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WR
Regular Contributor
Thats the life of a trader.
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Not applicable
share your system so i can take it and turn it around.
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babz
Contributor
Maggie - from September to now not much has happened to loose more than 50 %. It seems that you are sitting with a lot of penny shares eg Afdawn, Blue, Simmers etc. Is that true? If so, then you have to change your portfolio with losses now. However, if this is not so, please inform the forum of what created the losses and perhaps the forum will assist you to the point where you can recover. I think in the next 2 months we are going for a comfort ride to the north.
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doomsdayza
Super Contributor
don't think the system is the problem, it's your risk / money management which might be letting you down.
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Starsky
Frequent Contributor
probably she is talkin about sept 2007 or sept 2006. It is unlikely to loose money between sept 2008 and now. TTT - trade the trend regards
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Wizard
Super Contributor
Think of what u doing at the moment and do exactly the opposite and u will get it right. The time to buy was always time to sell, the same goes for the risk involved and finally..if u never listened to the Wizard.then u should start now ;)
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Not applicable
Your post makes me feel so much better about my portfolio. Thank you
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john_1
Super Contributor
Maggie..Darling...your are not a loser...so cut this ***** out...Email me at [email protected]
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Not applicable
ja Maggie, i am with John on this one. If I remember from your posts, you have a contrarian view to the markets, with plays in Simmers, Merafe & Metorex. A contrarian strategy has to be long term, and you have to expect big drawdowns - since the basic premise is that the price movements today is irrelevant, it is the future earnings of the stock that matters. I for one still hold Metorex (and I have a contrary view regarding Faritec, hence my holdings there too), but it is going to take a long time for them to come right.
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mehroon
Frequent Contributor
Maggie I think if you get into Property Trusts and stay there, you will do well and sleep well. OMHO
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saash
Super Contributor
he he - what's an f? Put your money into Simon Says ... that should help you quite nicely, at least there's a whole forum to help you ensure you get the triggers and exits right.
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Not applicable
put your monies in the bank,interest is more than your loss.Or a tracker ETF or something.Study as much as u can bout market and trading then come back and make moola
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