What is your funniest trade, or trading story you’ve got or ever heard? I’ll start with one
Iwas scalping down to the last second of a trading day, and waited until 3:59:57 to dump my position. In the heat of the moment, I got mixed up, forgot that I was short. Instead of covering, clicked “SELL SELL SELL...” until I’d margined up to my max, and the clock flipped to 04:00:00. Market closed!
My scream of “SHIT!!!” must have been heard for miles around.
Terrified that it might move against me and I’d get hit with a margin call, I scrambled to unwind the position in after-hours trading, and I took a real beating.
It did move against me the next day, and upspiked at the open. I would have been clobbered, margin-called. At the time I was close to the 25k limit, and also would have gone below and had my account limited to 3 trades in 5 days. Eek!
Iwas scalping down to the last second of a trading day, and waited until 3:59:57 to dump my position. In the heat of the moment, I got mixed up, forgot that I was short. Instead of covering, clicked “SELL SELL SELL...” until I’d margined up to my max, and the clock flipped to 04:00:00. Market closed!
My scream of “SHIT!!!” must have been heard for miles around.
Terrified that it might move against me and I’d get hit with a margin call, I scrambled to unwind the position in after-hours trading, and I took a real beating.
It did move against me the next day, and upspiked at the open. I would have been clobbered, margin-called. At the time I was close to the 25k limit, and also would have gone below and had my account limited to 3 trades in 5 days. Eek!
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