Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Mysticforex

Believe It . . . or Not

Recommended Posts

Have a funny, crazy, stupid trading story? I know I do.

 

 

One day several years ago I am intently watching eur/usd, My intention was to Buy at the bottom of a channel. I felt the right moment had come and I pulled the trigger. Now, instead of watching the chart as is my custom, I was watching the open position box. 1 pip profit, 5 pips profit, 12 pips profit. At about 15 pips profit I was starting to feel that warm fuzzy feeling. Then I noticed something not quite right. In the Buy/Sell column there was an "S" and not a "B". Holey Crap ! I had hit sell instead of buy. I closed the trade with 16 pips profit and took off the rest of the day.

Share this post


Link to post
Share on other sites

topical given your first story and JP Morgan.....all similar except different sizes.

 

Year 2000, my last day working for a firm, last expiry day before I handed over a largish options book to the next guy, we were all leaving on good terms so i left it fairly flat.

5 minutes to go till the close I managed to reduce pin risk (in options trading terms http://en.wikipedia.org/wiki/Pin_risk_(options)) by legging out the ATM strike. (for those with little options knowledge dont worry too much)

 

Problem was I needed to hedge the underlying.

Problem was I bought instead of sold and so went doubly long.

 

Managed to unwind it for a few cents loss right on the close (I know I did the main volume of selling) but the brain explosion from such a simple thing right at the end of everything after a lot of experience always makes me nervous about checking which button. I now use pretty colours more.

Share this post


Link to post
Share on other sites

yes, i've done the wrong button thing... however, my story has to do with slippage... no, not the kinda from filling pants after hitting the wrong button :-)

 

several times i've had the good kind of slippage where the market will actually move fast enough that it will jump my profit limit order and i'll get an extrat tick or maybe two???

 

a few weeks back i was in a scalp trade on GC gold for 5 ticks and it took off so hard i got 20 ticks... couldn't believe it.

Share this post


Link to post
Share on other sites

I sat waiting to trade oil and I had a fedex envelope on my desk. I got up and accidentally clicked the mouse with the corner the mouse and was filled and lost $200. I moved the envelope away and waited for a trade got distracted moved things around, then got up and accidentally clicked the mouse with the corner of the envelope. Another $200 loss. The envelop perished.

Share this post


Link to post
Share on other sites

I was way up on 400 shares of KSU and it was starting to look toppy... time to take profits. I chose to scale out with 300 shares and let the 100 run a bit further. Keyed 399 instead of 300 and hit send.

Share this post


Link to post
Share on other sites

My story is of a wrong button as well, but happen to a colleague and wasn't exactly during trading.It was during an online meeting.

 

The boss wasn't present, so we we're skyping with him. the colleague next to me wasn't liking what he was hearing and wrote some pretty bad insults on the text box. It was not intended to be sent, just to tap me in the shoulder and show me quietly what he was thinking, without anyone else seing. The meeting carried on. The text was left there, one click in the Enter and everyone would see it. The meeting ends, he was taking his headphones out and... they slipped. Where did they hit? The enter button.

 

He was gone at the end of that same week.

Share this post


Link to post
Share on other sites

This is not some "Strange stories ... Amazing facts" revelation.

 

But if true, it will be quite a spectacular achievement.

 

Remember all of that annoying spam that used to trickle into your email box ... some still does get past the filters and ISP walls.

 

But now ... if we are to believe the story, about 50% of the world's 40-billon emails a day are now G-O-N-E!

 

The cyber monster - the "Grum botnet" ... is dead ... finished ... gone, thanks to a concerted effort by ISP's and security firms. The mule computer system - using zombie computers infected by malware - usually without the owner being aware, has been stopped.

 

Read the story here ...:

 

Grum takedown: '50% of worldwide spam is gone' - Jul. 19, 2012

 

Believe it or not!

 

It feels like some kind of revolutionary coup!

 

EDIT: Out of place here ... mods - if you can find a better spot feel free to move this post. I've been away too long!

Edited by Ingot54

Share this post


Link to post
Share on other sites

Oh. Yea i got one

 

I was trading Eur/Usd and had a long position open

And i wanted to close the trade wich didnt played out

 

But instead of closing the trade i entered a short position!

And as i realized the mistake and acted under a shock and hurried

To get out of that short , guess what? I entered another long position !!!

 

As soon as i realized that i made the same mistake again , i was backing off

The screen abit took a deep breath and closed those 3 positions.

 

That WTF moment , taught me to keep a cool head even if u made a mistake

Share this post


Link to post
Share on other sites

Kind of funny... I wasn't going to share, but WTF. I entered a long trade today by mistake... hit "buy" instead of "sell". I realized what I had done and tried to cancel the trade, but too late. The trade filled... it went so quickly against me; within .02 of my stop, reversed and went in my favor... I closed with $340... cool. A dumb ass moment that worked out (rare).

Share this post


Link to post
Share on other sites
This is not some "Strange stories ... Amazing facts" revelation.

 

But if true, it will be quite a spectacular achievement.

 

Remember all of that annoying spam that used to trickle into your email box ... some still does get past the filters and ISP walls.

 

But now ... if we are to believe the story, about 50% of the world's 40-billon emails a day are now G-O-N-E!

 

The cyber monster - the "Grum botnet" ... is dead ... finished ... gone, thanks to a concerted effort by ISP's and security firms. The mule computer system - using zombie computers infected by malware - usually without the owner being aware, has been stopped.

 

Read the story here ...:

 

Grum takedown: '50% of worldwide spam is gone' - Jul. 19, 2012

 

Believe it or not!

 

It feels like some kind of revolutionary coup!

 

EDIT: Out of place here ... mods - if you can find a better spot feel free to move this post. I've been away too long!

 

 

Don't really believe it is gone, but that's nice good news neverthless :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 25th April 2024. Investors Monitor a Potential Japanese Intervention, and upcoming Tech Earnings. Meta stocks top earnings expectations, but revenue guidance for the next 6 months triggers significant selloff. Meta stocks decline 15.00% and the Magnificent Seven also trade lower. Japanese Authorities are on watch and most market experts predict the Japanese Federal Government will intervene once again. The Japanese Yen is the day’s worst performing currency while the Australian Dollar continues to top the charts. The US Dollar trades 0.10% lower, but this afternoon’s performance is likely to be dependent on the US GDP. USA100 – Meta Stocks Fall 15% On the Next 6-Months Guidance The NASDAQ has declined 1.51% over the past 24 hours, unable to maintain momentum from Monday and Tuesday. Technical analysts advise the decline is partially simply a break in the bullish momentum and the asset continues to follow a bullish correction pattern. However, if the decline continues throughout the day, the retracement scenario becomes a lesser possibility. In terms of indications and technical analysis, most oscillators, and momentum-based signals point to a downward price movement. The USA100 trades below the 75-Bar EMA, below the VWAP and the RSI hovers above 40.00. All these factors point towards a bearish trend. The bearish signals are also likely to strengthen if the price declines below $17,295.11. The stock which is experiencing considerably large volatility is Meta which has fallen more than 15.00%. The past quarter’s earnings beat expectations and according to economists, remain stable and strong. Earnings Per Share beat expectations by 8.10% and revenue was as expected. However, company expenses significantly rose in the past quarter and the guidance for the second half of the year is lower than previous expectations. These two factors have caused investors to consider selling their shares and cashing in their profits. Meta’s decline is one of the main causes for the USA100’s bearish trend. CFRA Senior Analyst, Angelo Zino, advises the selloff may be a slight over reaction based on earnings data. If Meta stocks rise again, investors can start to evaluate a possible upward correction. However, a concern for investors is that more and more companies are indicating caution for the second half of the year. The price movements will largely now depend on Microsoft and Alphabet earnings tonight after market close. Microsoft is the most influential stock for the NASDAQ and Alphabet is the third. The two make up 14.25% of the overall index. If the two companies also witness their stocks decline after the earnings reports, the USA100 may struggle to gain upward momentum. EURJPY – Will Japan Intervene Again? In the currency market, the Japanese Yen remains within the spotlight as investors believe the Japanese Federal Government is likely to again intervene. The Federal Government has previously intervened in the past 12 months which caused a sharp rise in the Yen before again declining. The government opted for this option in an attempt to hinder a further decline. Volatility within the Japanese Yen will also depend on today’s US GDP reading and tomorrow’s Core PCE Price Index. However, investors will more importantly pay close attention to the Bank of Japan’s monetary policy. Investors will be keen to see if the central bank believes it is appropriate to again hike in 2024 as well as comment regarding inflation and the economy. In terms of technical analysis, breakout levels can be considered as areas where the exchange rate may retrace or correct. Breakout levels can be seen at 166.656 and 166.333. However, the only indicators pointing to a decline are the RSI and similar oscillators which advise the price is at risk of being “overbought”. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • $ALVR AlloVir stock bottom breakout watch, huge upside gap, https://stockconsultant.com/?ALVR
    • $DIS Disney stock attempting to move higher off the 112.79 triple support area, https://stockconsultant.com/?DIS
    • $ADCT Adc Therapeutics stock flat top breakout watch above 5.31, https://stockconsultant.com/?ADCT
    • $CXAI CXApp stock local support and resistance areas at 2.78, 3.52 and 5.19, https://stockconsultant.com/?CXAI
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.