What are some tips to reduce execution mistakes for day traders?

Discussion in 'Trading' started by learner88, Oct 7, 2022.

  1. Thanks for all the replies from the elite traders.

    Some tips I gathered;
    - Trade off the charts.
    - Avoid keying in orders manually.
    - Use OCO orders
    - Use keyboard short-cut hotkeys.

    Hope I did not miss out anything else.
     
    #21     Oct 9, 2022
  2. Businessman

    Businessman

    Human error is unavoidable sadly, manual trading maybe you can eliminate 99% of errors through diligence, but say 1% will always remain.

    Automation helps eliminate say 99.9% or even 99.99% of human errors. But still 0.1% or 0.01% remain. Especially when doing a software upgrade of the automation software, new software upgrade code is always a bit untested and could contain new bug let in by the human developer.

     
    Last edited: Oct 9, 2022
    #22     Oct 9, 2022
  3. %%
    Good\ because sounds like a stock like that could have just as easily ran another 50% against you.........................................................................
    I accidently spelled Sunday, an attractive woman's name 40% wrong, but 60% right.
    Good thing math is not her #1 priority:D:D
     
    #23     Oct 11, 2022