SHOW me the person who "fat-fingered" the trade that caused this crash.

Quote from wilburbear:

Technical levels and stops were legitimately hit.

And the entire market didn't sell off because of some bad prints in P&G.

We may go much higher tomorrow, but I'll believe today's sell-off was legit, until they show me who entered those trades in error. [/QUOTE

1.) Emini bounced off it's 50-day MA weekly, m/l.

2.) Selling last few days..bias was down...PG was fuel to the fire...quick snap back shows it was an error.

3.) Agreed, but busted trades will cause AM vol.
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Quote from BillySimas:

I want to hear some stories about people that got filled on standing limit orders way below the market...AAPL traded $200 for a split second today, I would've loved to have been that guy that came home and saw that his order got filled there and he's up thousands of dollars.
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I know...someone got their low ball limits filled today. It's what dreams are made of. :D
 
I think if you made money or had your best ever day today, you should be worried about your long term trading future. Most expereinced traders on the desk today i know, did not do particularly well.
 
I found him! Here is the guy who pushed the button.

macrodactyly-hand.jpg
 
While at lunch I went bankrupt and was back to normal by the time I got back.

Kind of glad I missed that.

God I hope the jobs report is good tomorrow. I'm long and damn it sucks having a cash account waiting for it to settle.
 
You did not comprehend the OP's post and point he/she was making.
Try again.

Quote from Giucco:

I really doubt this was a "legit" fat finger trade. Why? Because I'm sure it was computer program related and as such, the guilty parties should eat their mistakes for using programs to make all their decisions.
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i agree with the OP- yeah this graph looks terrible on a daily, weekly or even monthly basis- back it out a year-- can you say "profit taking at any cost"?
 
Quote from BillySimas:

I want to hear some stories about people that got filled on standing limit orders way below the market...AAPL traded $200 for a split second today, I would've loved to have been that guy that came home and saw that his order got filled there and he's up thousands of dollars.
More...

This wouldn't happen. The trade would have been tagged as clearly erroneous and broken. For high $ stocks, anything past 3% from the last verified price is broken. Given the obvious issues with a rule like this, in practice this rule is very much a guideline rather than a strict formula.

Regardless, if you were filled anywhere below 234 or so in aapl, your trade got busted.
 
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