POLL: What caused your WORST trade ever?

Discussion in 'Risk Management' started by rcanfiel, Nov 12, 2007.

POLL: What caused your WORST trade ever?

  1. A tip that was way off

    3 vote(s)
    2.2%
  2. My trading mistake

    55 vote(s)
    40.4%
  3. position based on another's trading system/advisory

    2 vote(s)
    1.5%
  4. Unexpected giant market move against me

    25 vote(s)
    18.4%
  5. I got in just after a news announcement

    6 vote(s)
    4.4%
  6. Nothing really sticks out

    5 vote(s)
    3.7%
  7. Went with my gut instinct

    11 vote(s)
    8.1%
  8. A problem caused by my broker or someone else

    7 vote(s)
    5.1%
  9. Autotrading gaffe

    2 vote(s)
    1.5%
  10. Something else

    19 vote(s)
    14.0%
  1. LOL
     
    #31     Nov 16, 2007
  2. Relying on IB's servers on a heavy volume day. Bought 50 contracts on the QQQ's the Monday after Saddam was captured.
    Market started to tank fast and I couldn't get out fast because IB's servers went down.
     
    #32     Nov 20, 2007
  3. trom

    trom

    I frequently have orders for 25-30 stocks at the close, and don't always get filled on all of them. I try work out of them afterhours or just hold and get out the next morning. Recently I was stuck short in a stock from 49.00. I came in the next day and it was at 70.00. Company got bought out over night.
     
    #33     Nov 25, 2007
  4. Breaking the rules, no doubt about it.

    Anek
     
    #34     Nov 25, 2007
  5. irucken

    irucken

    Was a series of trades in CNXT back in Sept 2000. Thing was upgraded to a $1000 buy from $30. Opened around $60 on a triple witching Friday. Market was strong and the thing threatened to roll all day. It was a classic relative weakness play up on BS news that I'd made money short in countless times before.
    Not this day, was down $75k by the end ... my worst day ever.
    Dumbass.

    I believe something was said earlier about "not cutting your losses short".
     
    #35     Nov 25, 2007
  6. ?
     
    #36     Dec 18, 2007
  7. timbo

    timbo

    Asymmetric information; pretty expensive.
     
    #37     Dec 18, 2007