What is the best strategy now?

dineshfernando

dineshfernando

Senior Manager - Equity Analytics

Posts : 573
Join date : 2011-02-05

What is the best strategy now? - Page 3 Invest10

First of all I must thank to CSE a lot because I made over 200% gain over the last 2 years. I have been trading over 6 years in total and seen many downs and ups of the market. 95% of my portfolio is of fundamental shares and undervalued shares.

At this present condition, I have been losing almost Rs. 200,000/= everyday. I am planning to quit temporarily and come back with 50% of portfolio when things are ok. My portfolio value is 8 digit figure and if I dispose it and put it in a fixed deposit I will earn more than my present salary.

My options are:
1) Dispose entire portfolio and deposit it in fixed deposit account
2) Dispose 50% and reinvest it in plantations (coconut)
3) Quit the job and spend more time on trading
4) Buy an appartment and rent
5) Do nothing and wait till the market recover

Also, I would like to know how many of you are doing trading as a job (full-time). I have more than 25 years to retire but I feel if I spend more time in the market I always can make more gains and reduce loses. I'm also fed up with my present job.

Friends, please advice me.

Sat Nov 26, 2011 8:46 pm by **Asoka Samarakone** · Sat Nov 26, 2011 8:46 pm by **Asoka Samarakone**

Faith is a basic fact of our life. We cannot live even for a moment without it. Have faith that you can start again. May be this will not happen again to you which means that the path from here is golden. Many people, who end up with such massive loss in their first few trades only, really lose faith in the markets.They go back to their life never to come back again. Prepare with alternative ways to tackle such a situation in the future. When you do this, you will definitely emerge again as a professional stock trader!
You cannot always control what you get. The actions you take will indeed bring results. However, there can often be other factors that influence those results. Focus your energy on pointing your actions consistently and persistently in the direction of your dreams. Those actions will, one way or another, moves you in that direction. What you can control is what you do, so make the very most of that opportunity. Although other factors may at times work against you, there is great benefit to having your own considerable strength working for you.

Sun Nov 27, 2011 10:03 am by pathfinder · Sun Nov 27, 2011 10:03 am by pathfinder

Aamiable wrote:

watch dog wrote:hope 2012 will not be the world's end!!!!

Do you mean something of this nature in the near future?

http://www.bloomberg.com/news/2011-11-14/30-000-pound-bunker-buster-bomb-now-ready.html#
I hope 2012 will not be the world's end

At last We both thinking in the same way,SEC may need something like bunker buster to clear the swellen heads,other wise 2012 will be the end of CSE,not the world.For some people CSE is the world.(for them world's end)

Sun Nov 27, 2011 10:33 am by insidertrader · Sun Nov 27, 2011 10:33 am by insidertrader

watch dog wrote:
At last We both thinking in the same way,SEC may need something like bunker buster to clear the swellen heads,other wise 2012 will be the end of CSE,not the world.For some people CSE is the world.(for them world's end)

Just because may be 0.00001% of Sri Lankans lost portion of their money doen't make the CSE end. CSE has been going up like crazy after the war. But the companies didin't keep their growth matched with that. Their growth was not performance wise, it was just because they had shares of the same CSE companies. So the prices has to come down. People can blame the SEC, the credit... (You may not know but the brokers are allowed give credit as much as they can as long as the credit can paid by actual money ((not magically created money)) if the inevitable happens like a market crash. No this is not a market crash)

Sun Nov 27, 2011 11:20 am by pathfinder · Sun Nov 27, 2011 11:20 am by pathfinder

insidertrader wrote:

Just because may be 0.00001% of Sri Lankans lost portion of their money doen't make the CSE end. CSE has been going up like crazy after the war. But the companies didin't keep their growth matched with that. Their growth was not performance wise, it was just because they had shares of the same CSE companies. So the prices has to come down. People can blame the SEC, the credit... (You may not know but the brokers are allowed give credit as much as they can as long as the credit can paid by actual money ((not magically created money)) if the inevitable happens like a market crash. No this is not a market crash)

I 100% agree with you that market desparetly needed correction after running of post war era,where DPL,GRAN,GREG run as donkeys,Now this is over correction my friend,can you justify the current value of SAMP,DIMO as over valued and need correction anymore.
Don't think that I'm new to CSE just by the number of post by me in this forum,I was there for more than a decade and have seen many ups and downs,
after the war era I got a hudge profit of more than 20 times of the PF.Don't think I'm howling with the crowed because I lost.
This downtrend is due to uncertinity of GOVERNMENT and SEC policies,breach the invester confidence,plus global crisis and some sector related
factors.
CSE defenetly need a regulator body,Not as a pre school teacher going behind all children and teaching how to wright,,how to eat ,how to shit etc....

Sun Nov 27, 2011 11:20 am by bakapandithaya · Sun Nov 27, 2011 11:20 am by bakapandithaya

Wait till 2012

Sun Nov 27, 2011 7:53 pm by **Asoka Samarakone** · Sun Nov 27, 2011 7:53 pm by **Asoka Samarakone**

bakapandithaya wrote:Wait till 2012

Yesterday ended last night. Every day is a new beginning. Learn the skill. And move on.

Tue Feb 28, 2012 8:28 pm by Redbulls · Tue Feb 28, 2012 8:28 pm by Redbulls

Asoka Samarakone wrote:

bakapandithaya wrote:Wait till 2012

Yesterday ended last night. Every day is a new beginning. Learn the skill. And move on.

Good point.

Tue Aug 13, 2013 8:55 pm by Balanced_Views · Tue Aug 13, 2013 8:55 pm by Balanced_Views

dineshfernando wrote:Dear friends,

First of all I must thank to CSE a lot because I made over 200% gain over the last 2 years. I have been trading over 6 years in total and seen many downs and ups of the market. 95% of my portfolio is of fundamental shares and undervalued shares.

At this present condition, I have been losing almost Rs. 200,000/= everyday. I am planning to quit temporarily and come back with 50% of portfolio when things are ok. My portfolio value is 8 digit figure and if I dispose it and put it in a fixed deposit I will earn more than my present salary.

My options are:
1) Dispose entire portfolio and deposit it in fixed deposit account
2) Dispose 50% and reinvest it in plantations (coconut)
3) Quit the job and spend more time on trading
4) Buy an appartment and rent
5) Do nothing and wait till the market recover

Also, I would like to know how many of you are doing trading as a job (full-time). I have more than 25 years to retire but I feel if I spend more time in the market I always can make more gains and reduce loses. I'm also fed up with my present job.

Friends, please advice me.

Buy - but be very careful and get into shares backed by good fundamentals such as TJL, NTB, LLUB, AEL etc

Wed Aug 14, 2013 11:03 am by ansar · Wed Aug 14, 2013 11:03 am by ansar

Balanced_Views
Senior Equity Analytic
You. I realy follow, always give good and balanced advices
My dear.......... why did u dig out this 2 year old post?
I was upset when I started reading this from the top. later I realized that this is an old post from the grave yard

Wed Aug 14, 2013 12:19 pm by Balanced_Views · Wed Aug 14, 2013 12:19 pm by Balanced_Views

ansar wrote:Balanced_Views
Senior Equity Analytic
You. I realy follow, always give good and balanced advices
My dear.......... why did u dig out this 2 year old post?
I was upset when I started reading this from the top. later I realized that this is an old post from the grave yard

Hello friend, I brought it up because its very relevant to today Smile