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

    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Date: 8th April 2025.   Markets Rebound Cautiously as US-China Tariff Tensions Deepen     Global markets staged a tentative recovery on Tuesday following a wave of volatility sparked by escalating trade tensions between the United States and China. The Asia-Pacific region showed signs of stability after a chaotic start to the week—though some pockets remained under pressure. Taiwan’s Taiex dropped 4.4%, dragged lower by losses in tech heavyweight TSMC. The world’s largest chipmaker fell another 4% on Tuesday and has now slumped 13.5% since April 2, when US President Donald Trump first unveiled what he called ‘Liberation Day’ tariffs.   However, broader sentiment across the region turned more positive, with several markets rebounding sharply after Monday’s dramatic sell-offs. Japan’s Nikkei 225 surged over 6% in early trading, rebounding from an 18-month low. South Korea’s Kospi rose marginally, and Australia’s ASX 200 gained 1.9%, driven by strength in mining stocks. Hong Kong’s Hang Seng rose 1.6%, though still far from recovering from Monday’s 13.2% crash—its worst day since the 1997 Asian financial crisis. China’s Shanghai Composite added 0.9%.   In Europe, DAX and FTSE 100 are up more than 1% in opening trade. EU Commission President von der Leyen repeated yesterday that the EU had offered reciprocal zero tariffs on manufactured goods previously and continues to stand by that offer. Others are also trying again to talk to Trump to get some sort of agreement that limits the impact.   Much of the rally appeared to be driven by dip-buying, as well as hopes that the intensifying trade war could still be defused through negotiations.   China Strikes Back: ‘We Will Fight to the End’   Tensions reached a boiling point after Trump threatened to impose an additional 50% tariff on all Chinese imports unless Beijing rolled back its retaliatory measures by April 8. ‘If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow... the United States will impose additional tariffs on China of 50%,’ Trump declared on social media.   If implemented, the new tariffs would bring total US duties on Chinese goods to a staggering 124%, factoring in the existing 20%, the 34% recently announced, and the proposed 50%.   In response, China’s Ministry of Commerce issued a stern warning, stating: ‘The US threat to escalate tariffs is a mistake on top of a mistake... If the US insists on its own way, China will fight to the end.’ The ministry also called for equal and respectful dialogue, though signs of compromise on either side remain scarce.   Beijing acted quickly to contain a market fallout. State funds intervened to support equities, and the People’s Bank of China set the yuan fixing at its weakest level since September 2023 to boost export competitiveness. Additionally, five-year interest rate swaps in China fell to their lowest levels since 2020, indicating potential for further monetary easing.   Trump Talks Tough on EU Too   Trump’s hardline approach extended beyond China. Speaking at a press conference, he rejected the European Union’s offer to eliminate tariffs on cars and industrial goods, accusing the bloc of ‘being very bad to us.’ He insisted that Europe would need to source its energy from the US, claiming the US could ‘knock off $350 billion in one week.’   The EU, meanwhile, backed away from a proposed 50% retaliatory tariff on American whiskey, opting instead for 25% duties on selected US goods in response to Trump’s steel and aluminium tariffs.     Volatile Wall Street Adds to the Drama   Wall Street experienced wild swings on Monday as investors processed the rapidly evolving trade conflict. The S&P 500 briefly fell 4.7% before rebounding 3.4%, nearly erasing its losses in what could have been its biggest one-day jump in years—if it had held. The Dow Jones Industrial Average sank by as much as 1,700 points early in the day but later climbed nearly 900 points before closing 349 points lower, down 0.9%. The Nasdaq ended up 0.1%.   The brief rally was fueled by a false rumour that Trump was considering a 90-day pause on tariffs—rumours that the White House quickly labelled ‘fake news.’ The market's sharp reaction underscored how desperate investors are for any sign that tensions might ease.   Oil Markets in Focus: Goldman Sachs Revises Forecasts   Crude prices also reflected the uncertainty, with US crude briefly dipping below $60 per barrel for the first time since 2021. As of early Tuesday, Brent crude was trading at $64.72, while WTI hovered around $61.26.   Goldman Sachs, in a note dated April 7, lowered its average price forecasts for Brent and WTI through 2025 and 2026, citing mounting recession risks and the potential for higher-than-expected supply from OPEC+.       Under a base-case scenario where the US avoids a recession and tariffs are reduced significantly before the April 9 implementation date, Goldman sees Brent at $62 per barrel and WTI at $58 by December 2025. These figures fall further to $55 and $51, respectively, by the end of 2026. This outlook also assumes moderate output increases from eight OPEC+ countries, with incremental boosts of 130,000–140,000 barrels per day in June and July.   However, should the US slip into a typical recession and OPEC production aligns with the bank’s baseline assumptions, Brent could retreat to $58 by the end of this year and to $50 by December 2026.   In a more bearish scenario involving a global GDP slowdown and no change to OPEC+ output levels, Brent prices might fall to $54 by year-end and $45 by late 2026. The most extreme projection—based on a simultaneous economic downturn and a full reversal of OPEC+ production cuts—would see Brent plunge to below $40 per barrel by the end of 2026.   Goldman noted that oil prices could outperform forecasts significantly if there was a dramatic shift in tariff policy and a surprise in global demand recovery.   Cautious Optimism, But Warnings Persist   With both Washington and Beijing showing no signs of backing down, markets are likely to remain volatile in the days ahead. Investors now turn their attention to upcoming trade meetings and policy decisions, hoping for clarity in what has become one of the most unpredictable trading environments in recent years.   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.   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.
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
×
×
  • Create New...

Important Information

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