Yeah I did exactly the same, but did the sad gamblers trick of...

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fdKen

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03/08/22

13:30

Post #: 62898871
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Originally posted by CandN1986: ↑

I know exactly how you feel Ellimb. I had $137k saved up and I was doing little trades here and there. Only on blue chips of course. I wasn’t looking to make 10% or more on each trade. I was looking to make 1-2% each trade. With that amount of capital, I could make between $1-2k each trade with what I thought was very little risk.

Beginning of 2017, I saw Telstra had been as high as $6 and was now into the low $5’s. Thought I’d keep watching.

A month later I bit the bullet and bought $137k worth of shares at $4.85. I’ve seen millions of times a share bounce around. I thought it’s come off so much already, chances are it will go up 1-2% from when I bought it (even if it hasn’t reached the bottom yet).

Boy oh boy was I wrong.

Not once have I been in profit over these last 5 years. It’s been good collecting the dividends but that’s very slow. I liked the quickness of trading.

Literally couldn’t have timed the investment worse.

Now we’re so close to breaking into the $4’s again, I’m really hoping we could see a climb back above not just mine, but so many people’s buy price.

GLTA us patient holders

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Yeah I did exactly the same,

but did the sad gamblers trick of doubling down as it fell, repeatedly.

Bought and double 2-3 times then ended up well in front when it hit back to $4.

Gave up trading for about 18 months after that.

At its worst my losses were more than substantial and my resultant profit modest, but not worth the sleepless nights

TLS Price at posting: $3.97 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $4.95		Change -0.025(0.50%)		Mkt cap ! $56.24B

Open	High	Low	Value	Volume
$4.96	$4.97	$4.93	$44.85M	9.068M

Buyers (Bids)

No.	Vol.	Price($)
69	459082	$4.94

Sellers (Offers)

Price($)	Vol.	No.
$4.95	197431	67

View Market Depth

No.	Vol.	Price($)
68	456401	4.940
34	215616	4.930
31	354197	4.920
28	409344	4.910
49	183678	4.900

Price($)	Vol.	No.
4.950	166788	62
4.960	456790	44
4.970	420069	36
4.980	200266	32
4.990	995121	75

Last trade - 11.35am 01/08/2025 (20 minute delay)

TLS (ASX) Chart

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