the biggest losses i booked in stock market

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by w4wealth, Dec 19, 2015.

  1. w4wealth

    w4wealth Well-Known Member

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    a investor is always a student. while learning he may go through several mistakes. please share yours.
     
  2. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    I have so many I dont want to talk about because it spoils the mood. I lost big money in Bharti Shipyard, Kingfisher, DHFL and so many other worthless stocks. Learning experience not sure because I am still making many mistakes :( I am also making mistakes of selling too early like Kwality I sold after one year of patient wait. It shooted up after I sold :( If I had not made so many mistakes I would be millionaire today :)
     
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  3. w4wealth

    w4wealth Well-Known Member

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    dear @Srouta Mukherjee just consider it as tution fees you paid for learning in markets.just keep up your spirit for success alive.
    anyway Bharti ship and dhfl seems to be good companies. is it? then how do u lost money?
     
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  4. Parin Gala

    Parin Gala A long term investor

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    DHFL means dewan housing finance.?? How come you made a loss there? Its a good company.
     
    Last edited: Dec 19, 2015
  5. BombayBoy

    BombayBoy Well-Known Member

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    didn't book, still hold those in our demat accounts as a memento

    Soundcraft Industries, KS Oils ~ 10000 shares, Opto Circuits, GTC Industries, Kingfisher Airlines, GTL Infra to name a few
     
  6. w4wealth

    w4wealth Well-Known Member

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    as a momento... :D:) liked tht one.
    your losses seems to be quite big. dont take it as a failure. we investors always are students and commits mistakes many a times.book ur losses and move on. you can reduce your income tax liability by booking losses.
     
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  7. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    That is best attitude and only way to keep going on :)
     
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  8. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    LOL. But they must be cluttering portfolio and distracting. How you deal with that?
     
  9. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Sorry not DHFL but DCHL (Deccan Holding)
     
  10. w4wealth

    w4wealth Well-Known Member

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    ok. you sold it?
     
  11. Parin Gala

    Parin Gala A long term investor

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    I havnt made any major loss in equity cash segment till now.

    I made huge losses in futures trading. Some of them were super huge. Futures trading is very risky. Be careful my dear friends.
     
  12. BombayBoy

    BombayBoy Well-Known Member

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    they're a reminder of the mistakes we made and a lesson, we got KS Oils across all our accounts. Even my brother has it, he sold his other picks like Hero Motors and kept KS Oils :p

    lol received mails today for AGM of Opto Circuits & Annual Report of KS Oils
     
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  13. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    It is not quoted now :( It was blue chip at one time with Deccan Chronicle newspaper doing well. But Venkat Reddy bough IPL team Deccan Chargers and aircraft also and lost lot of money. There was big scam committed and Reddy went to jail also. Banks also lost lot of money in scam.

    [​IMG]

    [​IMG]
     
  14. w4wealth

    w4wealth Well-Known Member

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    parin how much is super huge? 1 lakh
    can you help me in learning futures? how that works?
     
  15. BombayBoy

    BombayBoy Well-Known Member

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    discarded some share certificates a few years ago, got some de-materialized
     
  16. w4wealth

    w4wealth Well-Known Member

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    thats so sad story.be careful in future not to repeat any of your mistakes.
     
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  17. Parin Gala

    Parin Gala A long term investor

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    My biggest booked loss in Futures was 2.5 lakhs. Have booked 1-2 lakh losses many times. But its ok. I even made quite some money from futures.

    If you want to learn futures its ok but my sincere advice would be to stick to cash segment delivery based portfolio system. Its safe and much more sure. Also you can play small bets. In futures the amount on stake is huge. Profit and loss both can be huge.
     
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  18. w4wealth

    w4wealth Well-Known Member

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    looks like quite big loss . but you have made money in futures also. so it get levelled.
    ok. so there is any fixed lot to trade in futures?..
     
  19. BombayBoy

    BombayBoy Well-Known Member

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    Parin were you writing options?

    Derivatives is a "haram" for me.
     
  20. Parin Gala

    Parin Gala A long term investor

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    I was not too much into options. Whatever little options i did was mainly buying puts and calls. I was mainly into futures.

    Why is derivatives haraam for you?
     
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