This morning I was attempting to place stop entry orders near the market just before a news release. I hit the CTRL key and accidentally hit the left button about 1 point above the market on the ES on the buy side. Obviously I meant for this to be a stop because a buy limit order that far above the market is invalid. But since I hit the left button instead of the scroll wheel, it placed and filled it as a limit. Not only did I lose money when I closed the bad position, but I missed my bracket order that would have paid very well.
Is there any setting on the DOM to adjust and place a stop in that instance or at least for the order to simply be rejected when this mistake happens? I have to place the orders very quickly, so confirming them isn't an option. Had the order been quickly rejected, I could have at least tried placing the order again instead of having to close a bad position.
Thank you.
Comment