Forget the chest beating I want to know about your dumbest trade for 2006.
I'll kick it off. AVJ, AvJennings. Chart looked good for a medium term buy. Dividend yield was around 10%. Inspite of the pro-longed slow down in residential development the contrarian deep inside me wanted to get onboard and be the first to pick the bottom of the property cycle.
When it turned down instead of continuing up I commited the cardinal sin and over rode my risk management. I gave back 17% by the time good sense got the better of me.