A thread on my mistakes in stock market so far. ЁЯз╡

I know many times I have boasted myself for doing well in stock market. Now let me share my blunders as well.

1. Buying debt-ridden & loss-making businesses in anticipation of turnaround:

I bought Punj Lloyd and Lanco Infra (in 2013 & 2014) at lower levels as I was greedy to earn more returns. I still hold both of them as I can remember that I wonтАЩt have to do it again.
2. Buying a loss-making business on dips:

I bought Suzlon first at 11 rs.and then kept buying on dips. Finally, I realized my mistake and sold it for no profit no loss after holding for couple of years. I was lucky enough to get my average buy price but learnt a valuable lesson.
3. Not averaging up when business performs well:

I bought and held few businesses for a long period of time but I could not average them up as price anchoring bias was the reason behind not buying them again....
.....Few of them turned 5-10 baggers but the initial allocation was 2-5% and I didnтАЩt increase it further. So, the return in terms of percentage looks high but in terms of amount itтАЩs not significant.
4. Borrowed conviction wonтАЩt help:

I bought DiviтАЩs Lab in 2017 on borrowed conviction (without knowing the business thoroughly) and sold it at the same price after few months amid ongoing USFDA issues and so I could not hold it and lost the compounding.
5. DonтАЩt buy what you donтАЩt understand:

I bought few complex businesses in my initial years of investing which were difficult to understand for me and as a result I could not hold them for longer because I never had enough conviction to hold them longer.

END.

More from All

Ivor Cummins has been wrong (or lying) almost entirely throughout this pandemic and got paid handsomly for it.

He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...


... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:


Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.

Tweet: https://t.co/36FnYnsRT9


Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."

I wonder why...

Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.

Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq

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