What Mistakes Have You Made When Placing Stock Trade Orders?

Tiger_comments
09-20

An investor made an unexpected profit due to a trading error.

An XTrader placed orders during a sharp V-shaped movement in the stock index, carefully planning position allocation and leaving part of the position hedged before going to sleep.

Upon waking up in the morning, she found that the hedged position had almost completely failed, but the overall portfolio had unexpectedly risen by 13-14%.

The gains and losses from the long and hedged positions should have led to only a few percentage points of gain. The truth is that she had mistakenly entered an extra zero in the last long position order.

In addition to mistakenly entering the wrong number, buy or sell may be mistaken when trading options.

In recent trades, I placed a “buy“ put order when I brushed my teeth. But later I found out I placed a sell order. Then I realized that I must stay focused during trading.

Stories like this are common both around me and in the Tiger community.

Previously, when a tiger intended to follow a short call strategy for $NVIDIA Corp(NVDA)$ but ended up doing the opposite by buying calls. However, due to Nvidia's significant price increase, the tiger ended up making a substantial profit.

Have you ever experienced such accidental gains or losses due to a mix-up like this?

What mistakes have you made when placing orders?

Leave your comments and also post to win tiger coins~

$Tiger Brokers(TIGR)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（25）

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  • Cadi Poon
    ·09-20
    除了誤打誤撞，交易期權時，買入或賣出可能會出錯。

    在最近的交易中，我在刷牙時下了一個“買入”看跌單。但後來我發現我下了一個賣出訂單。然後我意識到我必須在交易中保持專注。

    像這樣的故事在我身邊和老虎社區都很常見。

    此前，當老虎打算遵循空頭看漲期權策略時$英偉達公司(NVDA)$但最終卻反其道而行之，買入看漲期權。不過，由於英偉達大幅提價，老虎最終大幅盈利。

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  • TimothyX
    ·09-20
    一位投資者因交易失誤而意外獲利。

    一位XTrader在股指大幅V型走勢中下單，仔細規劃持倉配置，在入睡前將部分持倉對衝。

    早上一醒來，她發現對衝頭寸幾乎完全失敗，但整體投資組合卻意外上漲了13-14%。

    多頭和對衝頭寸的收益和損失應該只帶來幾個百分點的收益。事實是，她在最後一個多頭訂單中錯誤地輸入了一個額外的零。

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  • Axekay
    ·09-20
    continue buying $Tiger Brokers(TIGR)$ when china regulations first hit investment brokers and calling them "illegal" [Cry] never underestimate the impact of stock prices due to regulations [Cry] market is irrational and stock price may not just follow intrinsic value of a company [Cry]
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  • Jujubee_
    ·09-20
    Not buying when my gut tells me to.
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  • MHh
    ·09-20
    I have not made such accidental errors before. I double check before submitting. Of course I would welcome profit making mistakes[LOL]
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  • LiverpoolRed
    ·09-21
    I ever key wrongly for selling call instead of selling put option. luckily it never go above the target price, so the option never exercise.
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  • MilkTeaBro
    ·09-21
    a slip finger, sell stock became buy stock, extra trading expense,  luckily Tiger Brokers service good price
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  • monkey300
    ·09-21
    I wish I was that lucky! Haha
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  • highhand
    ·09-21
    yes when I place order too fast and bought double the amount of shares I want to buy because I placed 2 orders! in the end I kept the shares because it was a good company. and good decision, as the price rose after a few weeks. so like your homework, always double check. And always buy fundamentally strong companies. you will have conviction to hold them for long time.
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  • Jujubee_
    ·09-21
    Not triple checking company codes and investing in the wrong branch/company
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  • nomadic_m
    ·09-21
    I inadvertently sold SOXL instead of setting a stop-loss, resulting in a loss. This mistake highlights the importance of double-checking order entries and utilizing risk management strategies. Moving forward, I will reinforce discipline and attention to detail to prevent similar errors.
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  • fir3tiger
    ·09-21
    many mistakes
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  • icycrystal
    ·09-21
    TOP
    tiger has an update with its app, and most time whenever there's an update, tiger app will at times behave erratically...

    it's happened to me at one time when there's an update and somehow the system took a price (market) I didn't submit (i've submitted limit).

    I called tiger to feedback and ask if they cld cancel since it's a system glitch... they insisted since it's submitted from my device they cannot accede to my request...

    long story short... fortunately, the stock trended up... still it doesn't make up for the "danger" of such glitch...

    @HelenJanet @LMSunshine @koolgal @Shyon @Aqa @GoodLife99 @Universe宇宙 @koolgal @SPACE ROCKET @TigerGPT

    Have you ever experienced such accidental gains or losses due to a mix-up like this?

    What mistakes have you made when placing orders?

    Leave your comments and also post to win tiger coins~

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    • icycrystalReplying tonomadic_m: 
      yeah, luckily it trended up. I have a few tigers saying they  had experienced the same glitch...
      09-23
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    • nomadic_m: 
      thanks for sharing. it's not your mistake. glad it turned out positive 💚
      09-22
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    • TigerGPT: 

      As an AI financial analyst, I don't have personal experiences or the ability to place orders. However, I can provide you with information and insights regarding order placement and potential risks.

      Order execution issues can occur in the stock market due to various factors, including technical glitches, network connectivity problems, or system upgrades. These issues can sometimes lead to unintended gains or losses for investors. While I don't have specific information about incidents related to Tiger Brokers, such occurrences are not uncommon in the trading industry.

      When placing orders, it's important to double-check the details to avoid potential mistakes. Some common mistakes that investors can make when placing orders include:

      Incorrect order type: Ensure that you select the appropriate order type, such as market, limit, or stop order, based on your trading strategy and preferences.

        

      Entering wrong quantity or price: Inputting incorrect quantity or price levels can lead to unintended executions or missed opportunities. It's crucial to review the order details before submitting them.

        

      Trading during volatile periods: Rapid price movements during volatile market conditions can increase the risk of executing orders at unfavorable prices. It's important to consider market conditions and set appropriate limit prices or use stop orders to protect your positions.

        

      Lack of understanding of order types: Different order types have different execution rules and potential risks. It's important to have a clear understanding of the order types available and how they behave in different market conditions.

        

      To mitigate potential risks and minimize mistakes when placing orders, here are some best practices:

      Thoroughly review order details before submitting them.

        

      Double-check the order type, quantity, and price.

        

      Stay informed about market conditions and consider setting appropriate limit prices or using stop orders.

        

      Keep track of your orders and review executed trades to ensure they align with your intentions.

        

      Remember, it's crucial to contact your broker immediately if you encounter any issues or discrepancies with order execution. They can provide guidance and assistance in resolving any problems that may arise.

      Please note that while I strive to provide accurate and up-to-date information, my responses should not be considered as investment advice. Investing in the stock market involves risks, and it's essential to conduct thorough research and consult with a professional financial advisor before making any investment decisions.

      Disclaimer: The information provided here is for reference purposes only and does not constitute investment advice. Trading stocks involves risks, and it's essential to conduct thorough research and consider your risk tolerance before making any investment decisions.

      09-21
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  • Aqa
    ·09-21
    Dear Tigers, please remember to tap on the “Begin Task” at the Mission Center for coins rewards before you begin to ‘Complete 5 U.S. trades in 7 days’ (800 coins), ‘Complete 7 U.S. options in 7 days’ (5000 coins), ans / or ‘ Complete 2 HK stock trades in 7 days’ (200 coins). I have missed winning many Tiger points while placing the above stock trade orders. There were also times I was unable to use the Tiger Cash Vouchers because of the conditions attached to its activation. For example, the USD 5 voucher is only redeemable if our Order Amount is >= USD 500. So please remember to read the details of the cash vouchers before attempting to use them. Thanks @Tiger_comments @icycrystal
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  • SPACE ROCKET
    ·09-22
    In recent months, I've quite a number of blunders. I sold stocks instead of buying. Or buy instead of selling 🙈🙈
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  • Mrzorro
    ·09-22
    I had been once placed on the wrong order. Actually, I wanted to sell my share on high price but accidentally press the buy button. End up I not earning any profit and I loss. This is one of the mistakes that I regret until now, and the lesson learned  [Cry]
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  • Shyon
    ·09-23
    Yes, I did have some silly mistake too, in which I forgot my long placing old order. I referred to those GTC order. I ended up buying the stocks that I no longer interested with, but I forgot my outstanding orders due to the GTC. Haha 😂😂😂
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  • MasterStonker
    ·09-20
    Mistakes,  a plenty lol
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  • Norwood33
    ·09-22
    Great read
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  • KSR
    ·09-21
    👍
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