Nothing new under the sun. It is an old joke by Will Rogers from 1929. âDonât gamble.â Take all your savings and buy some good stock, and hold it âtill she goes up. Then sell it. If it donât go up, donât buy it. BTW, you shouldn't be playing with knives or anything else sharp in the drawer.
It wasn't meant to be a gamble I just err.... didn't pay attention to a small detail and that's the result. Next time, it won't happen again. I'm never going to use a limit order again when I'm anticipating a breakout in the morning. Instead I ended up buying a shakeout without having a stop limit in place. Well, every trader even experienced ones make mistakes and this is definitely going into my trading system. (Proverbs 16:17) The highway of the upright ones is to turn away from bad. One who is safeguarding his way is keeping his soul.
I suggest you really educate yourself on the type of orders and how they work before making the next trade. Otherwise, you'll be screaming foul the next time you use a market order and get 10% slippage.
, you should keep your attitude when something goes wrong, sue somebody, it will help you along the way in business.
People like you ar out to destroy America. Always looking to sue somebody. Never willing to accept blame for anything. No you have no action - unless it was a limit order to SELL They bought it for you at a fantastic price. They are not mind-readers. They have no way of knowing you want to buy on upticks only. You are a crybaby Mark
I couldn't agree more, this was not a simple 'mistake', the guy has totaly no idea what he is doing ! He should and will lose a lot of money trading options.
This kind of error tells us that you should not be trading real money. Risking your trading capital to learn the hundreds of different things that traders ought to know, should be learned on a trading simulator. Work out all the kinks with play money. Open ECry and some other brokers offer free simulators. scripture: "Beware he who thinkest he stands lest he falls..."