Ah how can i be so stupid! :)

if it opens down 300 points you are finished bro.

 

The simulator is not as strict with capital!

 

I usually only trade 1-2 contracts! rarely i trade 3. Plus this trade i had a tight stop 15 point stop with a total loss of 2% of account. But still i agree i should not have traded 3 contracts!

I have no idea why my positions were not closed. Maybe because i have other accounts with tradestation? my accounts are linked with one platform and the combined total should easily cover margin requirements, not sure though if thats why.

I will paste a big -4k sign on my monitor so to never make this mistake again and ofcourse use some kind of OCO!

 

don't sell yourself short..

i'm sure you can be more stupid than this.

 

Shit like this happens .. you just have to pay extra attention to details. I usually use OCO orders and also hit the "Cancel All" button whenever I leave (w/o positions) or I know there shouldn't be any orders.

Your main objective now is to get out w/o further losses. Log in for Sunday night open. Hope market doesn't gap down Sunday night given the weak close.

 

Sorry to hear about your problem.

At least you know what to do, I remember the time I could not accept the loss and the red kept growing as I was fully aware of my losing position.

Now, that's the real sin.

Daniel

 

I've done the same thing a dozen times. I'm usually trading a few different markets so it's easy to forget. 20 years of ganja use doesn't help either....

 

Why do you think they call it dope?

OP, sounds like this has happened to many folks including me.

 

Actually the markets are due for a sharp rebound.

If you have other accounts and can wait it out, there's a possibility that you can see this trade move back into the green (yep, this and plenty of other crap has happened to me also).