The "Im an Idiot" thread

A

Anunakki

Alright.. Im an idiot.

I put in a bunch of orders last night but didnt ready my stops. Figured id get up and do that in the morning.

So I overslept and while everyone else on the planet was making bank I lost about ~1% of my capital because i didnt get up to put in my stops and while a few went up a couple went down big time.

I only write this because Ive been mopping around all day feeling like an idiot and my friend said I might feel better if i get it out.

So its out..

Has anyone else made any blunderheaded moves like that ?
 
I traded the Dec mini dow after rollover to the March contract. I bought at the market, and had Mar quotes up on my screen, even though I had placed the order for Dec contract. I could not figure out for the life of me why my fill was 100 pts lower than the current market..

I was relieved when I found out I really hadn't been somehow filled 100 pts away from the market.. but was pissed at myself for making such a careless mistake.
 
I used to trade 20 minute delay. Then I found the yahoo message boards and thought those guys had all the up to date information.
Then one day a trade was executed about one dollar under what was on my screen and I was on my way "good fill" I thought. How'd I get it so cheap? 20 minutes went buy and well... you know the rest of the story, it was selling off. I really can't remember how I discovered real time.
 
I submited about 150 opening orders, but was travelling and using my laptop. I loaded the wrong spreadsheet with prices about two months old and instead of getting the usual 6 or 8 positions I probably had 70+ before I could cancel. I bought about $15,000,000 worth of stock on a $100,000 account. My P/L was up and down $7,000 every 10 seconds. Luckily the market was stable and I worked out of it all with minimal damage. I almost vomited when I thought about how close I came to blowing out my account. Needless to say, I've never made that mistake before (but have made pleny more).
 
Back in 2003 I meant to enter 10 ES contracts short, but had set the order tablet at 100.

The trade opened shorting a pullback into resistance, and price action immediately went -1pt against me. I closed out for -$5,000 loss and was shaking from adrenaline.

That was within two ticks of swing high, price action then dropped more than what would have been +6pts in favor.

Timing (or lack thereof) is everything.
 
Quote from Anunakki:

Alright.. Im an idiot.

I put in a bunch of orders last night but didnt ready my stops. Figured id get up and do that in the morning.

So I overslept and while everyone else on the planet was making bank I lost about ~1% of my capital because i didnt get up to put in my stops and while a few went up a couple went down big time.

I only write this because Ive been mopping around all day feeling like an idiot and my friend said I might feel better if i get it out.

So its out


Has anyone else made any blunderheaded moves like that ?
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Are you that guy who has been all over the net recently giving his video commentary 'how not to trade'?
 
Quote from BlueStreek:

I bought about $15,000,000 worth of stock on a $100,000 account.

how did your broker let you do that? just curious?
More...

It's a proprietary account. They give me as much buying power as I need, but it's also enough rope to hang myself with if I'm not careful.
 
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