Dumb Trading Moments....

[torero]

	Quote:	james_gsx
	I got confused one time with the TS matrix. I thought I was long, turned out to be short, then when I thought I had covered, I was actually long. Then I found the cancel button.

Yeah, the CANCEL button. It's probably the most useful of all buttons! Gotta have it! I wish there was a TOO LATE or TOO EARLY buttons to help us time better.

[Sparrow]

I checked my account statement today and to my surprise I found out that I had a trade on. So I thought wtf is going on here and tried to find out what is happeninig.
Looks like I forgot to cancel a stop and was filled one day ago!

Luck was on my side this time, closed the position at +100 pips .
I'm trading very small right now so it wouldn't have threatened my account even if the trade was without a stop, but would have beaten myself up about it, which is the right thing to do.

[Trvlwanderer]

You'd think I would learn (or at least be a carpenter and measure twice). AAPL setup very strong. Short in the order window for 1000 shares. Executed and lord have mercy....a buck in a hurry, then another, then the third. Absolutely perfect setup and trade Well, the limit order was set for 10 cents higher than it should have been (.10 below support) and never filled. 3k gained and lost in my mind. Getting pretty damned good at "not" watching the P&L screen, LOL!!!!! Maybe I can program code that will allow a wav file to let me know I actually entered the trade. Something like "hey dumbass, you're up".

[torero]

I recently had ooppsy daisy. It was a good trade, got my profits for the day. I was in a hurry happy to end the day and shutdown my computer. Well, a few hours later I opened up to check my mail, guess what, I was in position!!!!! I had forgotten to cancel my stops from positions earlier! Damn! At least it wasn't blown open, I still ended the day in black, but still, could have been worse. Duh for me! Is there a book called "Cancel your stops for dummies" out there?!!!!

[Neopolitan]

Added a new 19 flat panel to my trading computer and forgot to disable my execution software. When I looked up, I was short 9 contracts ES that was starting a strong bull rally . Almost as much fun as having your stops gapped over.

[torero]

	Quote:	Neopolitan
	Added a new 19 flat panel to my trading computer and forgot to disable my execution software. When I looked up, I was short 9 contracts ES that was starting a strong bull rally . Almost as much fun as having your stops gapped over.

Ouch! Strong rallies (bull or bear) are hard to swallow when you're on the wrong side.

[BlowFish]

I had a dumb trading moment yesterday.

I keep the DOM open and on top down the right hand edge of my laptop. I size other window in the remaining space. Well I'm using firefox engrossed in some fascinating article and I hear "Doyyng - Order Filled". I look at the DOM and my mouse has slipped off the firefox scrol bar and into the DOM - I am now 2 ES points in the red on a new position. <DOH>

Have done it on the odd occasion before but not done that much damage before. New rule, minimise DOM when surfing.

[Neopolitan]

That 19" flat panel cost me more than my 65 hd set.

[mister ed]

Note to self: Never look at this thread before bedtime ... too much nightmare material...

[Sparrow]

Tested my system tweak today, I was upbeat and felt very smug before the start of the session. The session starts I put on my trades and the market pulls one crazy ivan after another busting all my positions. Thanks for that mr. market, trading is such a humbling experience. Despite all of this I stuck to my system and started cheering on the market to hit my stops on, I know it doesn't matter what I think but oddly it doesn't make me feel bad when my position is suck. Almost lost the trade by 1 tick but finally my profit target was hit. At least Mr. Santana & Everlast kept me in a good mood .
Ended the day with a loss, but still believe the system is sound, just misinterpreted market conditions.

One other dumb thing happened to me too: the mbt navigator is kinda clumsy when it comes to execution, so I sometimes put in a stop order when I'd wanted it to be a limit order and vice versa. I end up exiting when I wanted to add to my position and doubling size instead of taking profits, don't you just love it. The only thing that helps is double checking.