Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Dumb Trading Moments....

Recommended Posts

List of dumb moments in my trading career. Today being one of them.

 

1. Ever get pumped up to trade, pour over your charts, create a trading plan, and get all in the focus just to find out that the markets are closed? Well today was one of them. lol

 

2. Triple clicking buy buttons just to find out that you now own 3 times your usual holding size.

 

3. Completely forgetting how many contracts you had on until the close.

 

4. Short selling on a downtick (not allowed in Japan) Ended up writing a full report to the Tokyo Stock Exchange.

 

5. My monitor went blank once and I panicked thinking it was a blackout and had my position liquidated. It turns out my pc went to sleep from inactivity.

 

Anybody have any stupid trading moments?

Share this post


Link to post
Share on other sites
Saw a buy signal. Entered to find out I was looking at the wrong chart as opposed to the order window. The chart trade went well...the executed trade however, lol! :doh:

 

same thing happened to me today, fortunately I was only looking at the wrong chart after I covered my position at break even.

I was beating myself up about buying at the high of the retracement when I realized it wasn't the same chart :crap:

Edited by Sparrow

Share this post


Link to post
Share on other sites

One that comes to mind James is that I trade for a handful accounts - friends, family, etc. - and one day I put a heavy trade on and was supposed to be for just ONE of the accounts. I went into the software to find the one account to place the trade in and I thought I chose the right one...

 

:doh:

 

I put the trade in an account that should never have been that leveraged. The trade was accepted by the broker but the leverage was incredible on that account.

 

The trade delivered so the account made an incredible profit, but I was managing that thing like a hawk. There was no way I was going to lose money on it. One tick was enough for me in that situation!

 

That trade sticks out b/c I have never done it since. I don't do many 'account specific trades' now, and this is probably why. I just use OEC's block trading feature and that's it. No over loading the boat here by accident!

Share this post


Link to post
Share on other sites

I had my matrix setup for ESH08 and went to buy, saw the chart moving up and thought I was making money. I looked at my P&L and realized I was losing money. Confused I looked at my chart again, realized it was a chart of CL :o

Share this post


Link to post
Share on other sites

A list of my dumb trading moments could go on for awhile.

 

One good lesson to remember: Understand how your execution software works.

 

I was watching a stock with okay liquidity. It looked like it was moving up nicely, so I hurriedly clicked to get into it before it got away. I couldn't figure out what all these trade confirmations were that kept popping up on my screen. Why wouldn't the trade just go through? It took my a few seconds to realize I sent an order to buy at the offer size not at my default size. So I ended up buying 1300 shares instead of 100, ~$83,000 instead of ~$6,400. I immediately exited but took a bit of a bath in the process.

 

As carpenters say: measure twice, cut once.

 

Trader's Maxim: Check twice, click once.

 

Enjoy the vacation day,

 

Bam-Bam

Share this post


Link to post
Share on other sites

1. Clicking sell instead of buy vice versa

 

2. Having the chart scrolled back and glancing over a few minutes later thinking the data feed had frozen.

 

3. Forgetting what day it was and "not trading" ahead of an economic report that wasn't do out until the next day around that time.

 

 

Good thread :o

Share this post


Link to post
Share on other sites

I am sitting here laughing and cringing at the same time - unfortunately from recognition.

 

Also -entering the wrong side/price at which to deal, the software asks you to check it - stupid software, of course its right, hurry up ....... ohhh ...... not so stupid software.

Share this post


Link to post
Share on other sites

Yeah, it sucks in the beginning when I have to start trading with a new software. You think you learn to get around to execute the trades, but once you do it, you scramble to find if the trade was executed or not, almost losing your cool and execute again, duh! 2x the size, and twice the stress!

Share this post


Link to post
Share on other sites
I got confused one time with the TS matrix. I thought I was long, turned out to be short, then when I thought I had covered, I was actually long. Then I found the cancel button.

 

:o Yeah, the CANCEL button. It's probably the most useful of all buttons! Gotta have it! I wish there was a TOO LATE or TOO EARLY buttons to help us time better.

Share this post


Link to post
Share on other sites

I checked my account statement today and to my surprise I found out that I had a trade on. So I thought wtf is going on here and tried to find out what is happeninig.

Looks like I forgot to cancel a stop and was filled one day ago!

 

Luck was on my side this time, closed the position at +100 pips :D.

I'm trading very small right now so it wouldn't have threatened my account even if the trade was without a stop, but would have beaten myself up about it, which is the right thing to do.

Edited by Sparrow

Share this post


Link to post
Share on other sites

You'd think I would learn (or at least be a carpenter and measure twice). AAPL setup very strong. Short in the order window for 1000 shares. Executed and lord have mercy....a buck in a hurry, then another, then the third. Absolutely perfect setup and trade Well, the limit order was set for 10 cents higher than it should have been (.10 below support) and never filled. 3k gained and lost in my mind. Getting pretty damned good at "not" watching the P&L screen, LOL!!!!! Maybe I can program code that will allow a wav file to let me know I actually entered the trade. Something like "hey dumbass, you're up".

Share this post


Link to post
Share on other sites

I recently had ooppsy daisy. It was a good trade, got my profits for the day. I was in a hurry happy to end the day and shutdown my computer. Well, a few hours later I opened up to check my mail, guess what, I was in position!!!!! I had forgotten to cancel my stops from positions earlier! Damn! At least it wasn't blown open, I still ended the day in black, but still, could have been worse. Duh for me! Is there a book called "Cancel your stops for dummies" out there?!!!!

Share this post


Link to post
Share on other sites

Added a new 19 flat panel to my trading computer and forgot to disable my execution software. When I looked up, I was short 9 contracts ES that was starting a strong bull rally :crap: . Almost as much fun as having your stops gapped over.

Share this post


Link to post
Share on other sites
Added a new 19 flat panel to my trading computer and forgot to disable my execution software. When I looked up, I was short 9 contracts ES that was starting a strong bull rally :crap: . Almost as much fun as having your stops gapped over.

 

Ouch! Strong rallies (bull or bear) are hard to swallow when you're on the wrong side.

Share this post


Link to post
Share on other sites

I had a dumb trading moment yesterday.

 

I keep the DOM open and on top down the right hand edge of my laptop. I size other window in the remaining space. Well I'm using firefox engrossed in some fascinating article and I hear "Doyyng - Order Filled". I look at the DOM and my mouse has slipped off the firefox scrol bar and into the DOM - I am now 2 ES points in the red on a new position. <DOH>

 

Have done it on the odd occasion before but not done that much damage before. New rule, minimise DOM when surfing.

Share this post


Link to post
Share on other sites

Tested my system tweak today, I was upbeat and felt very smug before the start of the session. The session starts I put on my trades and the market pulls one crazy ivan after another busting all my positions. Thanks for that mr. market, trading is such a humbling experience. Despite all of this I stuck to my system and started cheering on the market to hit my stops on, I know it doesn't matter what I think but oddly it doesn't make me feel bad when my position is suck. Almost lost the trade by 1 tick but finally my profit target was hit. At least Mr. Santana & Everlast kept me in a good mood :D.

Ended the day with a loss, but still believe the system is sound, just misinterpreted market conditions.

 

One other dumb thing happened to me too: the mbt navigator is kinda clumsy when it comes to execution, so I sometimes put in a stop order when I'd wanted it to be a limit order and vice versa. I end up exiting when I wanted to add to my position and doubling size instead of taking profits, don't you just love it:doh:. The only thing that helps is double checking.

Share this post


Link to post
Share on other sites
I had my matrix setup for ESH08 and went to buy, saw the chart moving up and thought I was making money. I looked at my P&L and realized I was losing money. Confused I looked at my chart again, realized it was a chart of CL :o

 

done something similar some mins ago...bought gbp/usd instead of selling...guess it is time to take a nap :roll eyes:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • GFL Environmental stock, watch for a top of range breakout at https://stockconsultant.com/?GFL
    • PLBY Group stock watch, nice trend with a pullback to 1.83 gap support area, bullish indicators at https://stockconsultant.com/?PLBY
    • Date: 24th February 2025.   German Markets Surge as Friedrich Merz Set To Be Chancellor, Euro Gains on Fiscal Shift   Germany’s stock index futures and the euro rallied after opposition leader Friedrich Merz secured victory. Investors expect a shift toward increased government spending. US-China trade tensions rise as Trump tightens restrictions on Chinese investments. AI optimism fuels Chinese tech stocks despite regulatory concerns. Nvidia’s earnings report on Wednesday is expected to impact market volatility. German Markets React to Election Results Germany’s stock market and currency experienced a sharp rally in Asian trading after conservative leader Friedrich Merz won the country’s federal election. This victory aligns with pre-election polls and signals a potential departure from Germany’s traditionally strict fiscal policies. Futures tied to the DAX Index surged as much as 1.5% on Monday, recovering from early losses in a session marked by thin trading volume. Meanwhile, the euro strengthened against most major currencies, climbing 0.7% against the U.S. dollar. Market analysts believe Merz’s leadership could mark the end of Germany’s tight fiscal stance, with expectations that his administration will prioritize economic stimulus. This shift comes at a critical time, as Europe’s largest economy grapples with sluggish growth, geopolitical uncertainties, and the threat of a global trade war under U.S. President Donald Trump. The euro’s strength also reflects optimism that Merz will form a government quickly, which wasn’t a widely held expectation before the election.     US-China Trade Tensions Intensify While European markets gained, US-China trade tensions escalated as Trump ordered stricter regulations on Chinese investments in key sectors, including technology, energy, and infrastructure. The move is part of a broader strategy to limit China’s influence in strategic industries. Although not legally binding, the directive strengthens oversight by the Committee on Foreign Investment in the United States (CFIUS), a panel responsible for reviewing foreign acquisitions. JPMorgan strategists warned that this decision could reverse gains in Chinese tech stocks, which had rallied earlier in the year. Despite geopolitical headwinds, Chinese technology stocks have posted strong gains this year, largely driven by optimism in artificial intelligence (AI) and key policy shifts. The market remains under-owned by global investors, suggesting potential for further capital inflows. The growing AI industry has helped offset risks from US tariffs, with investor sentiment remaining bullish on leading Chinese firms like Alibaba and Tencent. Chinese officials reacted strongly, with Vice Premier He Lifeng raising concerns about Trump’s recent 10% tariff hike on Chinese goods in a call with US Treasury Secretary Scott Bessent. Additionally, sources revealed that Trump’s administration urged Mexico to impose tariffs on Chinese imports as part of broader trade negotiations.   Despite these challenges, investor focus remains on Nvidia’s earnings report on Wednesday, a key event that could drive market volatility.   Gold Nears Record Highs on Inflation and Central Bank Demand Gold prices held near $2,940 an ounce, just shy of last week’s record, as ETF inflows surged and the US dollar weakened. The precious metal is on its longest winning streak since 2020, fueled by rising inflation expectations and mounting geopolitical uncertainties under Trump’s administration. Lower US Treasury yields have also boosted bullion’s appeal, with traders now expecting the Federal Reserve’s first rate cut in July rather than September. Markets will closely watch Friday’s inflation data, a key indicator for Fed policy direction. Final Thoughts Markets are reacting to a mix of political and economic shifts, with Germany’s election outcome boosting European equities while US-China trade tensions create uncertainty for Asian markets. Investors will be closely monitoring fiscal policy changes in Germany, Nvidia’s earnings, and further trade developments for insights into market direction. For more financial market insights and updates, stay tuned. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news.   Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • INO Inovio Pharmaceuticals stock, holding strong, watch for a bottom breakout above 2.36 at https://stockconsultant.com/?INO
    • Date: 21st February 2025.   European PMI Disappoint, Weighing on Euro Before German Elections   The Euro is the first currency to witness the volatility on this month’s PMI reports. The French, German and British PMI data have resulted in the Euro being the worst-performing currency of the European Session so far. However, will the Euro continue to decline throughout the day? European Purchasing Managers’ Indexes The French Purchasing Managers Index was the first European index to be made public. The release resulted in the Euro instantly declining 0.24%. The main concern from the French data was the Services PMI which fell from 48.2 to 44.5. Previously the market was expecting the data to remain more or less unchanged. The weak data triggered the decline which came to a halt after Germany’s PMI was released.     The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief for Euro investors and the price rose 0.12% higher. However, traders should note that the price of the EURUSD continues to remain 0.20% lower than yesterday’s close. The price of the EURUSD will now depend on the PMI data from the US. The value of the US Dollar will depend on its PMI release this afternoon and the Consumer Sentiment Index. Analysts expect both the US Services and Manufacturing PMI data to remain above the 50.00 level in the expansion zone. German Elections 2 Days Away Germany is set to hold a general election this Sunday, February 23rd, following the collapse of the coalition of social democrats, liberals, and greens. Given the country's highly proportional electoral system, German polls provide a strong indication of potential government formations post-election. The main concern for Germany is the AFD party who are Far-Right Nationalists. Currently, ahead in the polls are CDU (centre-right), and AFD (far right), followed by the SPD (centre-left). Traders should note that the results of the elections are likely to trigger strong volatility on Monday, but also influence volatility today. Economists may become further concerned if the far-right gains power for the first time due to uncertainty. If the government, similar to France, is unable to form a coalition, this would also be a concern for the Eurozone. Furthermore, the Euro this week is also under pressure from comments from members of the European Central Bank. ECB Governing Council member Fabio Panetta said to journalists that officials need not slow interest rate cuts, as January's 2.5% inflation is still expected to reach the 2.0% target this year. He also advised the European economy is weaker than previously expected. EURUSD - Technical Analysis and Indicators The EURUSD is trading above the 75-bar Exponential Moving Average and 100-bar Simple Moving Average on the 2-hour chart. However, the price is moving away from the key resistance level at 1.05058 indicating the price is losing momentum. The short-term volatility is indicating the price is retracing downwards. On the 5-minute timeframe, the price is trading below the 200-bar SMA and is also forming clear lower lows and highs. Simultaneously, the US Dollar Index is trading above the 200-bar SMA on the 5-minute chart confirming no current conflicts. Currently, the US Dollar is the best-performing currency of the day attempting to regain losses from the past 2 weeks. Watch today’s Live Analysis Session for more signals as they develop!   Key Takeaway Points: Weak French Services PMI triggered an initial Euro decline, but German PMI provide a slight relief. However, EURUSD remains lower than yesterday’s close. The Euro’s direction now depends on the US PMI reports, with analysts expecting US data to stay in expansion territory. Sunday's German election could drive volatility, especially if the far-right AFD gains power or if coalition formation proves difficult. ECB official Fabio Panetta suggested no need to slow rate cuts, citing weaker-than-expected economic performance and expected inflation decline. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.