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Beginning Investors Forum > Experienced investors: How often do you lose money?
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ReformedPatriot

Member since: Feb 08

5 Day 2.94%
15 Day 3.75%
1 Month 3.54%
3 Month 1.94%
6 Month -10.24%
1 Year -79.42%
As of: 11/21/09
How is this calculated?
Trades 19
Trade Notes 6
Blog Posts 11
UPS
Age: 20's
KY
ReformedPatriot Brokerage Account

I am curious to hear whether your profits tend to outweigh your losses and also what your goals are for investing.

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UPod

Member since: Dec 07

5 Day -1.37%
15 Day 6.32%
1 Month 3.93%
3 Month 12.67%
6 Month 40.44%
1 Year 113.15%
As of: 11/21/09
How is this calculated?
Trades 101
Trade Notes 21
Blog Posts 83
Programmer / Analyst
Age: 30's
Minneapolis, MN
UPod Brokerage Account

So far,  my losses have outweighed my profits ( realized an unrealized ).  One thing I try to do that helps me out a lot mentally is to put my losses into context.   For example,  lets say I lose $1000.00 this year.  Rather than be down on myself about it,  I look at the lessons and experiences I learned over the course of the year and tell myself it would have cost me the same amount of money to sign up for a basic investing class that may have taught those same lessons and experiences in theory but not in practice.

My main investment goal is this:  By 55 I would like to have my mortgage paid off and have a nest-egg large enough where a 5-7% gain year over year comes close to matching my current income adjusted for inflation.   There are other tools I'm using in my quest to reach this goal ( mainly my companies 401k and a Roth IRA with another financial firm )

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Casey

Member since: Jul 07

5 Day -2.16%
15 Day -1.43%
1 Month 1.67%
3 Month 12.16%
6 Month 37.05%
1 Year 56.89%
As of: 11/21/09
How is this calculated?
Trades 651
Trade Notes 25
Blog Posts 5
Sales
Age: 30's
TX UNITED STATES
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I share UPod's response. My losses currently far outweight my gains at it is a very tough environment right now. I got a little out of character on exactly 3 trades that blew up on me and hammered me in losses. Like UPod said, expensive but very valuable. Better I make these mistakes now before I have a lot more capital at risk (how is that for looking at the glass half full?) I am down right now but I am not in a position that I will need this money soon. I am 31 years old and have ample time to grow my portfolio and I always keep that perspective in mind. It is very difficult to be up right now or even breakeven if you are playing the broad market. Even shorting has been dangerous with the volitility we are experiencing in the last 4 months.
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Will Profit

Member since: Mar 07

Trades Not Shared
Trade Notes 77
Blog Posts 229
Unemployed pearl and sponge diver in south central Texas. This leaves me quite a bit of time for marathon poker games and binge drinking.
Age: 40's
Xerox (which by coincidence is my astrological sign),, The great Republic of Texas UNITED STATES
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I can only speak for myself. It has taken a year of trading before my profits outweigh my losses. I have had to change and refine my strategy as I have gained experience. Losses have taught me, more than anything else, to be flexible in my thinking and decision making. Some people jump into this and make money right away and continue to do so. This was not the way it happened for me. . I listened to, and followed everything any one said to do. Now I value others opinions to a limited degree regarding investing. I have had to learn to trust and value my OWN opinion as it is my money on the line. 
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Will Profit

Member since: Mar 07

Trades Not Shared
Trade Notes 77
Blog Posts 229
Unemployed pearl and sponge diver in south central Texas. This leaves me quite a bit of time for marathon poker games and binge drinking.
Age: 40's
Xerox (which by coincidence is my astrological sign),, The great Republic of Texas UNITED STATES
Will Profit Brokerage Account
P.S. Perhaps the word "judgement" instead of "opinion" would have been more appropriate in my post.
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djk

Member since: Dec 07

Trades Not Shared
Trade Notes 0
Blog Posts 0
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people new to investing, such as myself, in a market like this one do not have much of a history of gains to buffer any losses at all so the overall picture will most likely be heavy in the *red* colors.  I have 10 different securities all aquired within the last 6 months and there has not been enough time to witness any substantial gains that may have help offset recent drops. The net affect being that only 3 of my positions are showing profit. The other 7 have been positive, but due to the overall bear market pysche seemingly adversely affecting a lot of otherwise healthy stocks I show an overall loss in the portfolio. On my total investment of $25,000, I have been been from $1,500 up to $3,200 down in the last 2 months. The biggest issues for me are retailers showing heavy losses, an IPO settling to whatever, gold trying to continue a bull run, and commodities having reached a plateau of sorts recently. Of course there is a healthy dose of poor management, profit taking by big players, and the Feds refusing to show diligence on the Sirius/XM merger.

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Woody

Member since: Apr 08

Trades 19
Trade Notes 0
Blog Posts 0
Retired - Stay at Home Dad
Age: 40's
San Antonio, Texas
Woody Brokerage Account

Wellllll!! 

On the stock side, profits outweigh losses.  I got lucky really.  I moved my IRA over to trade with, cashed out one of the funds, and began.  But the brokerage I began with only allowed covered calls.  So the stocks I picked traded flat and/or down to begin with.  Then moved up.  

 However, on the options side, losses dominate profits (right now).  I tried short term puts, bad idea. Now am long on a couple calls which are picking up momentum.  I just wish I had a $40 put on BSC when it collapsed.

Goals:  To be able to send my kids to college (all seven). To be able to buy my house (in CA). Food after that. :)

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MALOLO

Member since: Sep 08

Trades 0
Trade Notes 0
Blog Posts 0
none
Age: 50's
Makawao, Hawaii
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Hi all. I am new to this group, and new to TK. I have another online account that I participate in, but have come here for low cost trades. I am a very long time drip invester.

I would like to offer a different view of profit or loss.

This is a difficult year for investing, and many securities that you invest in will go down in value after you purchase them, others hopefully will go up. Some pay dividens, but you never have either a profit or a loss until you cash out.

For the year I think I am up in stocks (cashed out), holding some that I hope I bought cheap and will increase in value.

I am down in my IRA's (mutual funds), but still putting money in for the future.

Always trying to learn, and searching for winning investments.

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CoolJoe

Member since: Sep 08

5 Day 3.02%
15 Day -0.73%
1 Month -23.10%
3 Month 118.40%
6 Month -45.02%
1 Year 492.60%
As of: 11/21/09
How is this calculated?
Trades 104
Trade Notes 3
Blog Posts 1
Student/Proffessional
Age: 20's
Cedar Rapids, IOWA
CoolJoe Brokerage Account

I hope I don't lose money my first year!  I invested my savings in FRE @ .98 and have made 215% already.  I think I really need to deversify....otherwise if the bailout doesn't go through....BAM! :)