I´m so pissed off right now. Was trying to take SUN long when it was taking 39.5 this morning,it didn´t looked as a good trade, so I sent a sell order to get out with a loss of only 2 cents, and forgot about it. 1 hour later.... I realize that I had a long position with the double of my initial size.. wrong hotkey pressed..... SUN was already 1 point down, and I was really RED. Tried to average size to a loss of 5 cents, and hope for a small rebound to minimize loss but, markets were all the way down, lost 2 cents more and got out, with my hope lost and 10% of my account down. 3rd day trading on sterling.... Tryed to recover from that, shorted DB, but then I realize that the numbers are red instead of green. WTF, same shit AGAIN, I´m cursed!! Got out with a very small lose (thnx to the DB specialist who filled my orders 4 cents above market price), and mad as hell watched the stock go down 20 cents... I would recover 50% of my loss if I´d pressed the right keys..... ADVICE FOR BEGGINERS: PUT SOME COLOR STICKERS ON YOUR KEYBOARD HOTKEYS!!!!!!!! Damn, I´m really frustrated ................................
Yeah, that´s true too. But I think, that the main reason was that my hotkeys where too close one from other. F1 Sell MKT F2 Buy MKT F3 Short LMT F4 Buy LMT Now I changed it to F1 Short MKT F2 Short LMT F4 Buy LMT F9 Sell MKT F10 Cover Short F11 Cover Long F12 Buy MKT
holly molly, hahahha, sorry i couldnt stop laughing, this is very funny. sorry for your lost money, but shit happens..... LOL trading is not a game. you have to treat it serious, it is a business, it is your business, or do you just gamble in the markets. then you better play in the casino...................... Think first, before you do something. Dont use hotkeys. If you have then still problems, dont trade online, call your broker for your deals, maybe than you are in the focus of what you are doing. good luck
I did that one day back when I was scalping ES. I couldn't hit the broad side of a barn that day and was about to go on full tilt, so I just said "Fuckit!" and I hit the sell hotkey and turned off the computer. I thought about it all night and woke up with full determination to stay cool and calm. When I turned my computer on in the morning, there it was, a huge profit from a double short position. I thought about it for a few minutes and just closed it out and quit for the day, figuring it was a pretty good day.
So you'll only make 1 million dollars this year instead of 2. File under everything that can go wrong will go wrong at some point. You only get to be a real trader after you make every mistake going,some several times. Only 10% ? Compared to Lehman you're doing really well Always look on the bright side of life.. tada, tada, tada tada tada
you pressed the button and then went to take sunbath,eh?now your frustrated,eh? for 1 grand per hour i could beat that shit habit out of you!
I did that once. I was long some fade, one of these double or triple leverage bear ETFs. Hardly had traded them so far. And I'm thinking to myself #@*&, there's my exit. So I hit the buy button, LOL. I had a big sign in my head that said I was short. But I wasn't really. I turned away to make notes, then looked up to my monitors a few minutes later and noticed I was still making money even though I theoretically had no positions! WTF? Turned out I doubled down on a loser! Yikes. But it moved in my favor a bit. A very valuable lesson and very cheaply learned. Most of my other lessons have cost me dearly .