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Short Term Trading Weekend Lounge: 20-22 Oct, page-69

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Zandaya

3,010 Posts.

43

21/10/17

16:28

Post #: 28087332
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Originally posted by 20521 ↑

Dunce moment #2
In 2010 I bought 400, 000 of a stock called Lyc instead of entering the correct purchase price I typo'd the decimal place
incorrectly on the commsec profile page(not order page)

I wasn't using Iress at the time, so kept refreshing the portfolio page to get a valuation. To my disbelief I looked along the bottom line and saw Minus $1,500,000. Instead of paying 20 c I thought I had paid $2.
To say that I was numb from the waist down is an understatement. I didnt know whether to call commsec , my trading buddie or my mother.

Could i get commsec to reverse the order, i really panicked so much that I think my heart stopped for a second.
To give you an idea of a reaction , it goes something like this.....

I couldn't trade for a week out of fear.
Lesson learn't , always triple check before buying and selling.

Endless on the day trading thread always say check open orders as an opening line.

I saw Nxr crashing so I put what I call a "stupid buy order" way below market like 70% below current market price.
I got hit, didn't realise and 2 days later it went into a trading halt for 2 years (approx). I think I am the only shareholder in profit at an avg price of 1.4 c, lucky too it was a pilot buy of $600- another lesson learnt.
glta
ps I didn't punch my screen

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20521 mate tell us more what happened with the minus $1.5m
10 Upvote

0 Great analysis

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Short Term Trading Weekend Lounge: 20-22 Oct, page-69

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