I've done that before too, back when i used a direct access broker. I clicked sell instead of sell short. I made a gain, but end of the day, they took the gain away from me and the SEC gave me a 25 dollar fine on top of it. Funny though that when you get a loss, they dont reimburse you.
I sure have. Sometimes it's a "happy accident" that works out to my advantage, although not as often as I'd like.
Its not very often I push the wrong button, but anyone else ever do that? [/B][/QUOTE] Those are the trades I finally get on the right side of the market.
Yes, I have done it.. In your case, it was God's Will.. In my case, it was because I was a fucking idiot.
goldman's fat finger in the euro's last fall was pretty costly- a 250 tic move on a sweep in the ED's
Thanks for posting. I am glad to see I am not the only one who does this. I do it at least once every couple of months. Even more stupid, I followed one bull call spread for about 3 weeks in my fancy spreadsheet. When I went to close it for a loss, I discovered that I had never actually put the trade on. So maybe things do even out, if only in my imagination.
Yup. Been there done that. Important to immediately close it out and take the loss, breathe, and move on. Unless you did that 600,000 for 6 trade. That I might try to trade out of. Your toast either way, so might as well show your stuff and heroically trade back to flat. What do you really have to lose? You've probably lost your job at that point, so makes sense to try to save it.