Replies to post #10138 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Zenge]

I personally never sell for a loss, and I don't "accidentally" do any buys or sells... Unless I'm drunk. Then I have to stay off eBay and Amazon.

[Ryantacular]

No I didn't misunderstand.

You don't lose it, if you buy back right after you accidental sell it, because you only lose 2-3 shares to cover trade fees.

Example. You accidentally sold 5k shares. Oh wait, buy it right back. Buy 4,998 shares back. for the same price you just sold or a few cents different. And its magically like you never sold.

Magically like you never "lost profits"


Basically what I'm saying, if you accidentally sell, just buy it right back right away. Then it's like you never even sold, and this story wouldn't exist.

[rawiron1]

What, did you fat finger a trade?

Been there done that. Luckily I was only off by a few pennies and I only lost about $14. I put a stop sell in as a limit sell giving somebody a nice little discount.

UWTI