Beginner / Sell instead for the Buy

[jk90029]

Dear-

As a IB beginner, I was holding 100 CAT until yesterday.

As you know there is big fall in CAT today. So I was trying to buy more CAT.

100 BUY CAT at $78.6 / was miss-typed to SELL.

Probably it is due to my lack of knowledge in BLUE/BUY and RED/SELL.

Is there any way to avoid this kind of accident next time?

-Jay

 

[rmorse]

We all do it at one time or another. It might help to read the order out loud before your hit send.

 

[jk90029]

If possible, I hope there is alarm (sounding "BUY" or "SELL"), before complete order.

Although many use same room together, it is for single person in ONE room like me.
Is there any broker (machine) which can work like that, by each trader choice?

 

[loyek590]

we all do it especially getting stop prices backwards and then getting filled immediately. I just learned for myself, whenever something like that happens, eat the commish eat the spread, put it on the correct way and move on and never think about it again.

 

[lindq]

Dear-

As a IB beginner, I was holding 100 CAT until yesterday.

As you know there is big fall in CAT today. So I was trying to buy more CAT.

100 BUY CAT at $78.6 / was miss-typed to SELL.

Probably it is due to my lack of knowledge in BLUE/BUY and RED/SELL.

Is there any way to avoid this kind of accident next time?

-Jay

Set up your preferences so that you are forced to confirm the order before it is transmitted. This has saved me from many errors.

And take your time creating an order. Rushing into it is the biggest contributor to mistakes.

 

[jk90029]

Set up your preferences so that you are forced to confirm the order before it is transmitted. This has saved me from many errors.

And take your time creating an order. Rushing into it is the biggest contributor to mistakes.

Of course, I double confirm before it is trasmitted.

Is there NO broker with SOUNDING ALARM?

In the mean time, I better program IB API myself to make a sound, in the next few years.

 

[jk90029]

Further more, since 100 CAT are sold at $90.00 even accidentally.

I am waiting to buy those at $78.60 this afternoon. If so, my profit is 1.4*100=$140 today in some sense. (???)

 

[lindq]

Of course, I double confirm before it is trasmitted.

Is there NO broker with SOUNDING ALARM?

In the mean time, I better program IB API myself to make a sound, in the next few years.

Well, if you double check your orders...and still feel you need a sound alarm to protect you from errors...then possibly you may want to have your vision checked?

 

[jk90029]

Well, if you double check your orders...and still feel you need a sound alarm to protect you from errors...then possibly you may want to have your vision checked?

Here is my suggestion for alternative.

Make two screen into one, not by color but by location, something like this.
Instead black scree, upper is BLUE and lower is RED.

Can we do that?

 

[loyek590]

Here is my suggestion for alternative.

Make two screen into one, not by color but by location, something like this.
Instead black scree, upper is BLUE and lower is RED.

Can we do that?

no, you can't do that, the order is keyed off the symbol. You would need to display the symbol twice. I don't think you can do that. It shouldn't be a big deal. It happened to you once. Now you know to be very careful before you transmit. good luck