Topic: Ugh, just executed a market order instead of a limit.... (Read 181 times)
With low volumes, the market seems to be heavily manipulated, and I suspect the stats are manipulated as well. I'm keeping away from short term trading, and just looking for buying opportunities for a long term holding - maybe a couple of years,
I spotted the market was going down in advance, so i tried to sell my coins with a limit sell order - making a teeny tiny profit.. hopefully.
Instead I simply executed a market sell order, incurred taker fees and sold at a lower price than intended.
It does happen
Instead I simply executed a market sell order, incurred taker fees and sold at a lower price than intended.
It does happen
You are not the first one man, and surely not the last one.
I once bought START instead of STRAT coin. START tuned out to be a long dead pump-and-dump project, so I lost some hundreds of $.
I left the day trading, too much stress for nothing, it was a life-lesson, tho.
I spotted the market was going down in advance, so i tried to sell my coins with a limit sell order - making a teeny tiny profit.. hopefully.
Instead I simply executed a market sell order, incurred taker fees and sold at a lower price than intended.
It does happen
Instead I simply executed a market sell order, incurred taker fees and sold at a lower price than intended.
It does happen
Well, hopefully you didn't lose that much. Probably just lessen up your caffeine intake next time so you wouldn't panic that much. Shit happens sometimes m8.
I spotted the market was going down in advance, so i tried to sell my coins with a limit sell order - making a teeny tiny profit.. hopefully.
Instead I simply executed a market sell order, incurred taker fees and sold at a lower price than intended.
It does happen
Instead I simply executed a market sell order, incurred taker fees and sold at a lower price than intended.
It does happen
Panic is bad.
Tried to quickly put in a sell limit order as things seemed to be turning south, executed a market order. Lost profit.
One click of a button, easy.
Tried to quickly put in a sell limit order as things seemed to be turning south, executed a market order. Lost profit.
One click of a button, easy.
I'm bit confused here. What has 'going south' to do with limit sell order? Do you mean "stop loss" order?And how did you lose profit? If things were going south for you, your position was already in red, you just executed it. And you could always buy back losing only fees (unless you trade market with big spread).
Anyhow, shit happens. Live and learn.
Yehp. Pays to be careful, panic not.. or drink beer on an exchange.
Scary how easy i F..d that up.
(on the upside, i think i made the right call to sell when i did. Seems this was a bull trap after all.)
Scary how easy i F..d that up.
(on the upside, i think i made the right call to sell when i did. Seems this was a bull trap after all.)
In the age of the internet, financial ruin is just a few mouse clicks away.
Panic is bad.
Tried to quickly put in a sell limit order as things seemed to be turning south, executed a market order. Lost profit.
One click of a button, easy.
Tried to quickly put in a sell limit order as things seemed to be turning south, executed a market order. Lost profit.
One click of a button, easy.
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