Anyone had a worse performance?

I seem to have an uncanny knack of sending a stock price plummeting the moment I buy it.

Remember thinking Iā€™d grabbed a bargain when the Boohoo share price dropped under Ā£2 :rofl:
So I averaged down. Again and again. Meanwhile the price continues to tumble.

MP Materials, Twitter and PayPal - same outcome.

My biggest holding BNGO is down 65%.

Anyone on FT suffered a worse performance than this?

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Personally I like the value method of trading. There is a great book called ā€œintelligent investorā€ by Benjamin Graham.
Its an old book but still very relevant.
Its easy to get into the hype of a growth stocks, imo looking for value is a much better long term strategy.
Research everything you buy especially from a accountancy mindset.
Try & know the market sector you want to buy into.
Never buy on a hunch.

Hope this is of some help.

Ps Iā€™m down 18% on $baba

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Not yet! :face_with_raised_eyebrow:

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Iā€™ve got some bad ones few 50% some 60% and 75% ers so ainā€™t doing great bit they was always long term holds :thinking:

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You donā€™t want to look at the Freetrade 2021 baggers thread as itā€™s full up failed stock picks.

Iā€™m a Boohoo and Teladoc bag-holder. I havenā€™t bought in again since my initial investment but will consider it later this year if I see progress in line with my expectations. Luckily for me 95%+ of my investments are in diversified funds.

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Iā€™m waiting on cash cow replying

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Frequency Therapeutics, Inc > down 88% literally off a cliff when I went in!

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Good stocks are large cap companies with good record of performance for many years. There is nothing wrong with having other small and speculative stocks but it is extremely risky to have them as your biggest holding and to have a large part of your portfolio on them.

Averaging down is great but only if the stock comes back up and the best way to guarantee that is to invest in good companies. There is no point averaging down into potentially dying companies.

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Eventually people in the FT community are going to learn that in isolation averaging down is a bad investment strategy. A very bad strategy.

There are many in the market that have more and better information to you. They can access that information quicker than you and they can process, manipulate and act on that information faster than you.

Trying to outwit people who use downward averaging against you is a losersā€˜ game.

Focus on fundamentals. And try to understand other points of view to whatever your case for buying/selling is.

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Iā€™m down nearly 21% on Polar Capital which is my worse one right now.

Scottish Mortgage has been down by 22% but is -16% today.

I would normally get collywobbles before -20% and Iā€™m still wondering about both of these. They are small positions and Iā€™ve decided to hold tight for SMT but POLR is on notice, maybe. I look for trend reversal before topping up (although happy to buy dips for the usual suspects ie big name/long track record dividend stocks.)

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My GIA or more commonly known as Thr Red Account.

Fortunatly iā€™m in no rush to sell up and realise the huge losses, so begrudgingly waiting it out.

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Those are some amateur trading loses, yā€™all need to get on the r/CWB Discord:

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I think I win Iā€™m down quite a bit but hopefully ATER and some of the other big guns will pull through

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Thankfully itā€™s only a partial share left over from when I cashed outā€¦ I did make a small profit on WISH.

Was going to get rid & sellā€¦ but like it there as reminder of how bad it could have been!

Like most, I have more shares in the RED in my portfolio, but nothing concerning that I think needs to be sold at a lossā€¦ well yet anyway!

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My worst is Oxford Biomedica at -35% itā€™s been down for weeks now and doesnā€™t seem to be recovering. All my tech stocks are down too, everything just seemed to plummet at the start of January. Thankfully nothing drastic and hoping it will start to recover.

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My worst trade is JD Sport and THG equally on 10%. Theyā€™re both long holds and given the recent rumours and news, THG seem to be recovering. If the rumour of a buyout come to fruition, then Iā€™m well in the green. If not, I expect the SP to improve anyway as itā€™s been heavily beaten down.

Heavy lossesā€¦ :face_with_spiral_eyes: Least your Rio Tinto is in the green

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My worst at the moment is Arrival at about -66%, fortunately it was only a small punt, less than half a percent of my portfolio

I agree with @bitflip on averaging down, while cost averaging may be a decent way to get into a position over a number of months, trying to rescue a poor performer by throwing more money at it just increases the risk and often ends up losing you more as the stock continues to fall.

If you are thinking of adding to a losing position you need to be honest with yourself about the reason, are you still confident in the stock or are you just trying to bail yourself out of a loser? If itā€™s the latter thereā€™s probably something better you could invest that money in.

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It depends, Iā€™ve been averaging down on Scottish Mortgage, my previous average with this investment was just under Ā£13 and Iā€™ve got it to around Ā£11. I donā€™t see this as trying to rescue a poor performer as itā€™s a long term hold which Iā€™m confident about. Itā€™s already started to recover so Iā€™m glad I was able to pick some up in the ā€˜saleā€™, although I must say that I was still cautious and didnā€™t throw as much in as I could have.

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