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Re: Dumb Trading Moments....
A list of my dumb trading moments could go on for awhile.
One good lesson to remember: Understand how your execution software works.
I was watching a stock with okay liquidity. It looked like it was moving up nicely, so I hurriedly clicked to get into it before it got away. I couldn't figure out what all these trade confirmations were that kept popping up on my screen. Why wouldn't the trade just go through? It took my a few seconds to realize I sent an order to buy at the offer size not at my default size. So I ended up buying 1300 shares instead of 100, ~$83,000 instead of ~$6,400. I immediately exited but took a bit of a bath in the process.
As carpenters say: measure twice, cut once.
Trader's Maxim: Check twice, click once.
Enjoy the vacation day,
Bam-Bam
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