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lozina

Lifer
Sep 10, 2001
11,711
8
81
yeah, sorry officer. i didnt mean to hit the guy. its just that when i meant to pat him on the back i punched him in the face. and instead of applying a small amount of force i gave it everything i got.
 

KeithTalent

Elite Member | Administrator | No Lifer
Administrator
Nov 30, 2005
50,231
118
116
I wonder if they can call and break the trade? Our traders make mistakes here sometimes and they are often able to call have the trade broken.

I guess it may be more difficult to do that with online trading.

KT
 

darkxshade

Lifer
Mar 31, 2001
13,749
6
81
Originally posted by: KeithTalent
I wonder if they can call and break the trade? Our traders make mistakes here sometimes and they are often able to call have the trade broken.

I guess it may be more difficult to do that with online trading.

KT

I have and use Scottrade myself and you don't need to call to cancel pending/queued trades. And since whatever executed cannot be reversed you can only cancel what hasn't executed yet. But it says he lost 50k in 7 mins so it's his fault for not paying attention, the loss could've been minimal had he noticed and cancelled immediately.
 

KeithTalent

Elite Member | Administrator | No Lifer
Administrator
Nov 30, 2005
50,231
118
116
Originally posted by: darkxshade
Originally posted by: KeithTalent
I wonder if they can call and break the trade? Our traders make mistakes here sometimes and they are often able to call have the trade broken.

I guess it may be more difficult to do that with online trading.

KT

I have and use Scottrade myself and you don't need to call to cancel pending/queued trades. And since whatever executed cannot be reversed you can only cancel what hasn't executed yet. But it says he lost 50k in 7 mins so it's his fault for not paying attention, the loss could've been minimal had he noticed and cancelled immediately.

No doubt it's his fault. I just know our traders, on occassion, are able to call the other house and have the trade broken if it's a larger error. It must be only a real-world, non-internet trading thing though.

KT
 

rh71

No Lifer
Aug 28, 2001
52,844
1,049
126
And I thought placing orders on big electronics was scary if I ever changed my mind.