Dumb Trading Moments....

[Soultrader]

List of dumb moments in my trading career. Today being one of them.

1. Ever get pumped up to trade, pour over your charts, create a trading plan, and get all in the focus just to find out that the markets are closed? Well today was one of them. lol

2. Triple clicking buy buttons just to find out that you now own 3 times your usual holding size.

3. Completely forgetting how many contracts you had on until the close.

4. Short selling on a downtick (not allowed in Japan) Ended up writing a full report to the Tokyo Stock Exchange.

5. My monitor went blank once and I panicked thinking it was a blackout and had my position liquidated. It turns out my pc went to sleep from inactivity.

Anybody have any stupid trading moments?

[Trvlwanderer]

Saw a buy signal. Entered to find out I was looking at the wrong chart as opposed to the order window. The chart trade went well...the executed trade however, lol!

[Sparrow]

	Quote:	Trvlwanderer
	Saw a buy signal. Entered to find out I was looking at the wrong chart as opposed to the order window. The chart trade went well...the executed trade however, lol!

same thing happened to me today, fortunately I was only looking at the wrong chart after I covered my position at break even.
I was beating myself up about buying at the high of the retracement when I realized it wasn't the same chart

[brownsfan019]

One that comes to mind James is that I trade for a handful accounts - friends, family, etc. - and one day I put a heavy trade on and was supposed to be for just ONE of the accounts. I went into the software to find the one account to place the trade in and I thought I chose the right one...



I put the trade in an account that should never have been that leveraged. The trade was accepted by the broker but the leverage was incredible on that account.

The trade delivered so the account made an incredible profit, but I was managing that thing like a hawk. There was no way I was going to lose money on it. One tick was enough for me in that situation!

That trade sticks out b/c I have never done it since. I don't do many 'account specific trades' now, and this is probably why. I just use OEC's block trading feature and that's it. No over loading the boat here by accident!

[james_gsx]

I had my matrix setup for ESH08 and went to buy, saw the chart moving up and thought I was making money. I looked at my P&L and realized I was losing money. Confused I looked at my chart again, realized it was a chart of CL

[Bam-Bam]

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

[MrPaul]

1. Clicking sell instead of buy vice versa

2. Having the chart scrolled back and glancing over a few minutes later thinking the data feed had frozen.

3. Forgetting what day it was and "not trading" ahead of an economic report that wasn't do out until the next day around that time.


Good thread

[mister ed]

I am sitting here laughing and cringing at the same time - unfortunately from recognition.

Also -entering the wrong side/price at which to deal, the software asks you to check it - stupid software, of course its right, hurry up ....... ohhh ...... not so stupid software.

[torero]

Yeah, it sucks in the beginning when I have to start trading with a new software. You think you learn to get around to execute the trades, but once you do it, you scramble to find if the trade was executed or not, almost losing your cool and execute again, duh! 2x the size, and twice the stress!

[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.