What a day!
Made an error at work, entered to buy 20,000 shares of a stock instead of 2,000 shares. I caught it right as it was going in but the system wouldn't let me cancel it.. :doh!:
So instead of it being $43,100 dollars, it came out to $431,000. After trying to cancel the order for a good minute and a half (the order was being executed at 100 shares at a time, so took a while), I just laid my head on my desk and closed my eyes. My boss came over and I told her what was up and she started trying to cancel the order too..
In desperation I called the trading desk, pleaded my error asked for help! He said he would look into it and get back to me.
In the end, the client got their 2,000 shares, and we made a $13 dollar profit. *WHEW*! What save. It could have been a bad day, instead we turned around with a small profit.
How bad things can go right.. or at least not as worse as originally thought.
Made an error at work, entered to buy 20,000 shares of a stock instead of 2,000 shares. I caught it right as it was going in but the system wouldn't let me cancel it.. :doh!:
So instead of it being $43,100 dollars, it came out to $431,000. After trying to cancel the order for a good minute and a half (the order was being executed at 100 shares at a time, so took a while), I just laid my head on my desk and closed my eyes. My boss came over and I told her what was up and she started trying to cancel the order too..
In desperation I called the trading desk, pleaded my error asked for help! He said he would look into it and get back to me.
In the end, the client got their 2,000 shares, and we made a $13 dollar profit. *WHEW*! What save. It could have been a bad day, instead we turned around with a small profit.
How bad things can go right.. or at least not as worse as originally thought.