QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
One company did go under recently!!!! LCL went PN17. My first and only realized loss after one year of stock trading. Cut loss after 30% drop but was lucky as it dropped more than 80% after it went PN17!!!! I was also lucky as I didn't hold much of that counter as most of my cash was shifted to REITs.
You're brave. Our worst drawdown so far has been a little less than 10%. Like I said, it's boring lol, not 30% in six months or anything
QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
Errrmm.... how I did it? Errrmmm..... I started off planning to invest long-term in bluechip counters. However, got hooked on "gorenging" as the market was volatile. Made some money buying on dips and selling at high (counters such as Kinstel, LCL, gamuda, Sime, Uchitec, Lionind, Scomi, KNM, etc).
I remember KNM and Sime and Uchitec, that was in his portfolio as well.
QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
However, most of the money made was holding on to counters during the bullrun. The sad part was that I exited early as I thought the world economy was still in shambles and there would be a double dip. And there was the "feng shui" chart which predicted a market dip in Q2-Q3 '08!

So, I sold off most of my holdings in Q2 and missed the BIG BIG bullrun until the end of the year. There were a few forumers who rode the bull and got really good gains but I was not one of them.
We pulled out just before the crash. His point was made, there wasn't any point in going on.
QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
Whatever it is, I'm happy with my profit and I don't look back and ask "What if".......
I don't even remember the profit. All I remember was the hassle, the panic, the uncertainty of it all.
QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
My lesson for the 2008 market crash is when it ever happens again, I will definitely buy bluechip counters for long-term investment.

Good for you then. I might be in mutual funds given the right time and opportunity, but probably not directly in the stock market. It's crazy to have to wait ten minutes for something to match.
This post has been edited by wodenus: Jan 3 2010, 11:28 PM