I Lost #14 Million Naira In One Hour! - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › I Lost #14 Million Naira In One Hour! (2647 Views)
| I Lost #14 Million Naira In One Hour! by drstranged(op): 4:35pm On Jan 11, 2025 |
So I had always heard and read news about people like Dangote, Musk and their likes losing billions of dollars within a day. I never really believed such stories until it happened to me yesterday. So I had invested in some stocks in the US stock exchange and the profits were rolling in, in millions of naira equivalent per day, especially after the Trump election victory. I had invested in some QC stocks. Just yesterday, I checked my stock performance and discovered that I was losing money fast as the stock prices of QC had crashed. I lost a total of #14m in one hour! I heard it was because of the negative statement made by the CEO of NVIDIA about that particular stocks. Twas really a sad day for me. |
| Re: I Lost #14 Million Naira In One Hour! by dawnomike(m): 4:36pm On Jan 11, 2025 |
drstranged:Sorry about that... We gain some, we lose some! |
| Re: I Lost #14 Million Naira In One Hour! by budaatum: 4:38pm On Jan 11, 2025 |
You deserve to be sung to, so here.... https://www.youtube.com/watch?v=7hx4gdlfamo?si=iBwxC8acdXSy-W6E |
| Re: I Lost #14 Million Naira In One Hour! by adeoyekay(m): 4:38pm On Jan 11, 2025 |
drstranged:14million just like that when I don't have one naira in my account |
| Re: I Lost #14 Million Naira In One Hour! by mrvitalis(m): 4:40pm On Jan 11, 2025 |
drstranged:You would only lose 14 million if you sold... If you haven't sold you have gained nothing and lost nothing |
| Re: I Lost #14 Million Naira In One Hour! by SadiqBabaSani: 4:40pm On Jan 11, 2025 |
What if the stocks Rebound |
| Re: I Lost #14 Million Naira In One Hour! by tobby20: 4:44pm On Jan 11, 2025 |
mrvitalis:That's one thing about btc I can't say the same for forex |
| Re: I Lost #14 Million Naira In One Hour! by TornApart: 4:45pm On Jan 11, 2025 |
SadiqBabaSani:There's no capital preservation in stocks, you could loose profits made already and your capital wiped out like an erosion. |
| Re: I Lost #14 Million Naira In One Hour! by helinues: 4:47pm On Jan 11, 2025 |
If you did not tell us when you have been making profits, why are you telling us about your lose? ![]()
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| Re: I Lost #14 Million Naira In One Hour! by FreeStuffsNG: 4:48pm On Jan 11, 2025 |
You didn't lose. Any capital appreciation that you're yet to cash is paper profit or loss. It can reverse yet you will not come here to cry again. Stop the show off It's cringe-worthy |
| Re: I Lost #14 Million Naira In One Hour! by mrvitalis(m): 4:50pm On Jan 11, 2025 |
tobby20:He said stock it's same with stocks |
| Re: I Lost #14 Million Naira In One Hour! by tobby20: 4:54pm On Jan 11, 2025 |
mrvitalis:Ik but I don't have idea about stock |
| Re: I Lost #14 Million Naira In One Hour! by ruggedtimi(m): 4:59pm On Jan 11, 2025 |
Why do i feel you want someone to inbox and ask about investing in stocks. |
| Re: I Lost #14 Million Naira In One Hour! by SadiqBabaSani: 5:04pm On Jan 11, 2025 |
helinues:insensitive comment |
| Re: I Lost #14 Million Naira In One Hour! by helinues: 5:06pm On Jan 11, 2025 |
SadiqBabaSani:Do you want to answer my question on his behalf? |
| Re: I Lost #14 Million Naira In One Hour! by Godwin4444: 5:09pm On Jan 11, 2025 |
FreeStuffsNG:God bless u Same thing I wanted to say, it's just show off |
| Re: I Lost #14 Million Naira In One Hour! by sleek214(m): 5:18pm On Jan 11, 2025 |
You didn't lose any money jare. You invested in stocks, it went up and you made lots of money and it started going down to the original value. From your write up, you're the one that gained...... |
| Re: I Lost #14 Million Naira In One Hour! by The6thAustralia: 5:24pm On Jan 11, 2025 |
Stock is an established lie. Pull your money out and invest it in agriculture or tech |
| Re: I Lost #14 Million Naira In One Hour! by Juliearth(f): 6:26pm On Jan 11, 2025 |
drstranged:Consider it a loss if you sold your stocks. Give it time. |
| Re: I Lost #14 Million Naira In One Hour! by sreamsense: 6:30pm On Jan 11, 2025 |
drstranged:I hate stock exchange investment on a personal note due to my previous experiences. Creating time to watch your stock on daily performance is problematic for me as it can cause distraction and high blood pressure especially when you are loosing or when the market remain stagnant for about a week. I prefer making my money and keeping my money in the bank and let them do whatever they like with my money so far I can get my money at any unannounced time. At times when you have greedy broker like my previous experiences, tell them to sell at right time; they purposely delay with unwarranted excuses and sell at wrong time. Since I did away with stock exchange, I have rest of mind and makes lots of money for myself without minding stock investment in like manners of yours although my own then was local NSE |
| Re: I Lost #14 Million Naira In One Hour! by starpower(m): 7:07pm On Jan 11, 2025 |
sreamsense:know thyself |
| Re: I Lost #14 Million Naira In One Hour! by drstranged(op): 7:18pm On Jan 11, 2025 |
sleek214:I didn't take out much of my profits before the dip. That's my regret |
| Re: I Lost #14 Million Naira In One Hour! by drstranged(op): 7:21pm On Jan 11, 2025 |
ruggedtimi:I'm a doctor by profession. Stock investment is more like a side thing for me. I don't even have enough time for myself, so why would I have time to look for investors whom I'd teach about stocks? |
| Re: I Lost #14 Million Naira In One Hour! by Curious345: 7:22pm On Jan 11, 2025 |
Come to mutual funds .thank me sreamsense: |
| Re: I Lost #14 Million Naira In One Hour! by ogaemma: 7:23pm On Jan 11, 2025 |
The stock market is like 9ja bet. You win some, You lose some. Take heart. Life goes on. |
| Re: I Lost #14 Million Naira In One Hour! by mcjohny(m): 8:04pm On Jan 11, 2025 |
Lot of angry souls Someone just lost a fortune, if you don't have any thing meaningful to say why not shut up If feels really bad I can relate with you because I have been in your shoes but not that size ooh! Take ❤️ dust it and move forward, you already got a lesson you can leverage on and make profit tomorrow. That's the comparative advantage some loosers have over some winners |
| Re: I Lost #14 Million Naira In One Hour! by Looking4Trouble: 8:17pm On Jan 11, 2025 |
helinues:I have asked Angel Gabriel to remove your name from the Book. You are not going to Heaven again |
| Re: I Lost #14 Million Naira In One Hour! by cloud(m): 8:37pm On Jan 11, 2025 |
Trading us stock could be another way of becoming extremely rich, at the same time it could make you wretched especially if you're impatient. Trading stock requires a lot of patience and unfortunately, most Nigerians don't have that attribute. We prefer instant cash. Buy penny stocks in viable companies if you don't have too much resources, set a price alert and forget about it. At the right time you could make a fortune. |
| Re: I Lost #14 Million Naira In One Hour! by yommen: 8:43pm On Jan 11, 2025 |
The6thAustralia:Stop condemning what others are doing because you don't have interest in it. That's bad! |
| Re: I Lost #14 Million Naira In One Hour! by Nobody: 8:54pm On Jan 11, 2025 |
drstranged:How did you make the money because i know doctors are not paid well |
| Re: I Lost #14 Million Naira In One Hour! by INTEGRITYA1(m): 9:14pm On Jan 11, 2025 |
drstranged:Sorry about that. Every business men have experienced such at some point are still experiencing it, but in the long run profits will outweigh the loss and it will sure pay off. Let do Real Estate, I have some promising offers in Lagos Island through Ibeju Lekki down to Epe. Ibadan, Ogun State and Abuja are also part of equations. |
| Re: I Lost #14 Million Naira In One Hour! by jesmond3945: 10:42pm On Jan 11, 2025 |
TornApart:thats if the company works hard to beat the statement made by jensen. Quantum is here to stay. Jensen is scared. |
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It's cringe-worthy