Ever push the wrong button?

peilthetraveler · Nov 5, 2009

Quote from nickdes:

I have entered the wrong side of at least 5 trades that I can remember. Two of them resulted in several hundred dollar loss, the other 3 resulted in Smaller gains. I have not had a "fat finger" this year as I am a bit more careful.

A few times in error I have hit the buy button instead of buy to cover--which resulted in a phone call and it was taken care of over the phone with no loss.

Sometimes in a fast moving market our hand and fingers are not synced up with our brains.
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I've done that before too, back when i used a direct access broker. I clicked sell instead of sell short. I made a gain, but end of the day, they took the gain away from me and the SEC gave me a 25 dollar fine on top of it.

Funny though that when you get a loss, they dont reimburse you.

mastertrader12 · Nov 5, 2009

I sure have. Sometimes it's a "happy accident" that works out to my advantage, although not as often as I'd like.

Wrongside · Nov 5, 2009

Its not very often I push the wrong button, but anyone else ever do that? [/B][/QUOTE]

Those are the trades I finally get on the right side of the market.

doubletrouble · Nov 5, 2009

many many times lol

Optional · Nov 5, 2009

Yes, I have done it..
In your case, it was God's Will..
In my case, it was because I was a fucking idiot.

dumb_mother · Nov 5, 2009

goldman's fat finger in the euro's last fall was pretty costly- a 250 tic move on a sweep in the ED's

AyeYo · Nov 5, 2009

Quote from dumb_mother:

goldman's fat finger in the euro's last fall was pretty costly- a 250 tic move on a sweep in the ED's

LOL

drcha · Nov 5, 2009

Thanks for posting. I am glad to see I am not the only one who does this. I do it at least once every couple of months. Even more stupid, I followed one bull call spread for about 3 weeks in my fancy spreadsheet. When I went to close it for a loss, I discovered that I had never actually put the trade on. So maybe things do even out, if only in my imagination.

drsteph · Nov 5, 2009

Yup. Been there done that.

Important to immediately close it out and take the loss, breathe, and move on.

Unless you did that 600,000 for 6 trade. That I might try to trade out of. Your toast either way, so might as well show your stuff and heroically trade back to flat. What do you really have to lose? You've probably lost your job at that point, so makes sense to try to save it.

AyeYo · Nov 5, 2009

Quote from drsteph:Unless you did that 600,000 for 6 trade. That I might try to trade out of. Your toast either way, so might as well show your stuff and heroically trade back to flat. What do you really have to lose? You've probably lost your job at that point, so makes sense to try to save it. [/B]

Better turn the key repeat rate down if you're adding that many zeros without realizing it.