1. MY BIGGEST REGRET : Recently on a CH session, a guy asked me whether I regretted my decision to accumulate Dec Put options in end July when Nifty was around 16k. My reply : I never regret my actions made after a great amount of study so long as only I lose money.
2. Regret happens when others take my advice & lose money or don't make money. However in the past have regretted since others took my advice & lost an opportunity.
3. July 2013. Had identified a stock after a great deal of Research, which then was the most hated. Had traded a long time b/w Rs.21-24 & rapidly fell to Rs.18 when it caught my attention. Immediately alerted everyone I knew that it was a bargain for LT. Most believed me & acted.
4. It fell further to my luck.😱. Made them average further till Rs. 15, since it looked a better bargain at Rs. 15😷 which was 50 % of its 52 week high.😳. They had agreed to hold for LT, but in six weeks they panicked. I started getting angry phone calls. 😔
5. To add insult to injury, my mentor had suggested my name to his Uncle who wanted to invest in Stocks. The gentleman had sold a property for Rs. 5 cr. & wanted to invest just 10 % of the funds in stocks since he was risk averse. Suggested that he put all of it in just 1 stock🙄
6. He was naturally outraged. He knew all about the scrip & he thought I was joking. Since "everyone" knew that the Co. was in a very bad shape. I could not argue that "Market discounts the future"🤪. Told him in LT ( 3 years) it will turnaround since it had a good pedigree.
7. For every argument he put, I countered. I won each of the arguments, especially where he said it will go bankrupt in 3 years & I told him why it won't. He asked me as to what my target in 3 years. I suggested that it would double from Rs.15 & cross the 52 week high of Rs.29.
8.He laughed sarcastically & literally kicked me out.😒 Never argue with a client, more so a prospective one. He complained bitterly to my mentor😬. Most of my friends who were cursing me for selling them a lemon bailed out 9 months later b/w 18- 22.
9. And in the first instance they had all agreed to wait for 3 years.🙃 . This was what happened 3 years later. MY BIGGEST REGRET.👇 
@threadreaderapp "unroll"
I won't be surprised if the same thing happens to ITC. But this time, I am NOT advising anyone to buy ITC😷
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