What are some tips to reduce execution mistakes for day traders?

[learner88]

Thanks for all the replies from the elite traders.

Some tips I gathered;
- Trade off the charts.
- Avoid keying in orders manually.
- Use OCO orders
- Use keyboard short-cut hotkeys.

Hope I did not miss out anything else.

 

[Businessman]

After nearly 30 years, I still make this mistake. In fact, that's what happened this week and I paid dearly for it. Not sure if I want to laugh or cry.

Human error is unavoidable sadly, manual trading maybe you can eliminate 99% of errors through diligence, but say 1% will always remain.

Automation helps eliminate say 99.9% or even 99.99% of human errors. But still 0.1% or 0.01% remain. Especially when doing a software upgrade of the automation software, new software upgrade code is always a bit untested and could contain new bug let in by the human developer.

 

[murray t turtle]

My biggest fat finger I bought $10000 position on a volatile MEME stock with only $3000 capital and had to get out immediately for a $500 loss. Ofc, it ran like 50%+ as soon as I exited.

%%
Good\ because sounds like a stock like that could have just as easily ran another 50% against you.........................................................................
I accidently spelled Sunday, an attractive woman's name 40% wrong, but 60% right.
Good thing math is not her #1 priority