Fat fingers-Keystroke errors: How to deal with it...

Quote from Ivanovich:

This usually occurs because you see an opportunity in the marketplace, and you're too eager to get in, less you miss a portion of the move. So you quickly hit the trade button, establish the position and submit before you actually think about what you're doing.
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Well said -- I accidentally hit 'buy' instead of 'sell' on an ER2 contract a few weeks ago because I was in such a damn hurry, uncaffinated, and still half-asleep at the office, yet I just *had* to get into the trade.

The minute the order hit, I realized what I did -- aside from a quick "d'oh, eeediot!" muttered to myself, thankfully I got out just below my breakeven. It was only the second time in my trading history spanning over a decade that I broke my own rules and fouled up because I rushed something.

Lesson: Since I'm not a committed daytrader with professional tools and software setups, I always double-check, triple-check, use the final review screens on my order forms, and NEVER rush a trade or trade when I'm not 100% "there" mentally. I'd rather miss an opportunity and preserve $$$ than f--k one up, lose capital, and get angry at myself...especially on entering a new position. After all, there always are other opportunities down the road.
 
Quote from dhpar:

Good ones. I liked especially the one with CUSIP.
Was it all you? :D
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Just the one of the 3 fat fingers because of my polydactily...
 
Quote from Don Bright:

First thought is "why are you typing?" On our platform, you click a price, click buy or sell. Click price, click + or - to adjust price, click buy or sell.

don
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Yesterday, I made an error when entering a calendar spread on heating oil with IB. I think there's no ladder type order entry for calendar spreads.

Just typed sell at 0.0012 instead of 0.012 and got served market...
 
Quote from TraDaToR:

Hello,


I have just made a stupid error entering an order this morning and I am really pissed. It didn't cost me much but it's really frequent in my trading... I estimate it cost me 10 % of my performance annually, not kidding... Thanks god I'm mostly automated and it reduces the number of occurences..

Thanks.
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Some people are saying it's due to a lack of cous---STFU! These mistakes happen to everybody, it's just a part of the game. You try your best, but when you're sitting in front of the computer for 15 hours/day for years, you're gonna slip up sometimes. accept that and move on.
 
Quote from TimothySykes:

These mistakes happen to everybody, it's just a part of the game. You try your best, but when you're sitting in front of the computer for 15 hours/day for years, you're gonna slip up sometimes. accept that and move on.
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Yes, but if these mistakes happen with frequency like the original poster implied, then there are steps you should take to limit them. To not address the problem would be less than smart.
 
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