What should I do if my trade get busted unexpectedly

Quote from SethArb:

does the ecbot really adjusts trades in their metals complex outside of the no bust ranges ?

I did not know that ... if true .. thats a good thing for the small spec. when "fat finger" strikes ...

:)
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yaa.they determine a price that they decide was the" real price"then add/minus $4(eg.gold). thats the price you would get,if your the person getting the bonus or the poor bugger who screwed up.
 
Quote from sprstpd:

It is unfair if you are being busted on, fair if you are doing the busting. I am more sympathetic to the person being busted on, but other people have different views on this topic.
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Agree!
I'm sympathetic to these "fat-fingered" persons too. The error trade policy is good at this point.

However the error trade policy should take care of another party too. It is wrong to let the careful party suffer from their silly mistakes. :(

Why won't the exchange simply set if the price range is outside the specific amount, the trade will be rejected straight away?
 
Quote from Trader_Herry:

Agree!
I'm sympathetic to these "fat-fingered" persons too. The error trade policy is good at this point.

However the error trade policy should take care of another party too. It is wrong to let the careful party suffer from their silly mistakes. :(

Why won't the exchange simply set if the price range is outside the specific amount, the trade will be rejected straight away?
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what if you don't want to watch the screen all day so you put a order in above/below the range? with gold $4 is not a huge move nowadays. people need to be responsible for what they do.if a market is thin,don't use market orders. check what the trade is before you submit.i have almost screwed up a number of times but i checked before i submited and it saved my butt.i've seen "people?" screw up and i feel for them but that adjustment has helped them also.
 
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