A thread on my mistakes in stock market so far. 🧵

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 won’t 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 didn’t increase it further. So, the return in terms of percentage looks high but in terms of amount it’s not significant.
4. Borrowed conviction won’t help:

I bought Divi’s 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. Don’t buy what you don’t 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

॥ॐ॥
अस्य श्री गायत्री ध्यान श्लोक:
(gAyatri dhyAna shlOka)
• This shloka to meditate personified form of वेदमाता गायत्री was given by Bhagwaan Brahma to Sage yAgnavalkya (याज्ञवल्क्य).

• 14th shloka of गायत्री कवचम् which is taken from वशिष्ठ संहिता, goes as follows..


• मुक्ता-विद्रुम-हेम-नील धवलच्छायैर्मुखस्त्रीक्षणै:।
muktA vidruma hEma nIla dhavalachhAyaiH mukhaistrlkShaNaiH.

• युक्तामिन्दुकला-निबद्धमुकुटां तत्वार्थवर्णात्मिकाम्॥
yuktAmindukalA nibaddha makutAm tatvArtha varNAtmikam.

• गायत्रीं वरदाभयाङ्कुश कशां शुभ्रं कपालं गदाम्।
gAyatrIm vardAbhayANkusha kashAm shubhram kapAlam gadAm.

• शंखं चक्रमथारविन्दयुगलं हस्तैर्वहन्ती भजै॥
shankham chakramathArvinda yugalam hastairvahantIm bhajE.

This shloka describes the form of वेदमाता गायत्री.

• It says, "She has five faces which shine with the colours of a Pearl 'मुक्ता', Coral 'विद्रुम', Gold 'हेम्', Sapphire 'नील्', & a Diamond 'धवलम्'.

• These five faces are symbolic of the five primordial elements called पञ्चमहाभूत:' which makes up the entire existence.

• These are the elements of SPACE, FIRE, WIND, EARTH & WATER.

• All these five faces shine with three eyes 'त्रिक्षणै:'.

You May Also Like