Bitcoin Forum

of making ordering mistakes:


Guilty:
I typed my order in the wrong box and sold 10 btc instead of bought 10 btc http://www.thewolfweb.com/images/facepalm.gif

I expected this to happen so trained myself to always keep in mind whether typing in the upper or lower box.

Consider yourself lucky you weren't typing a large catch order. Imagine someone wanting to type "Buy 8000 BTC if price falls to 8" and actually inputting "Sell 8000 BTC limit 8".

This is a major interface flaw of Mt. Gox. I consider it so dangerous that I warn people I execute trades for that the mistake might happen to me one day. Even though I know of it, when speedily inputting orders on a small screen, the mistake is just very likely. In the end, Mt. Gox is ghetto, we all know that. Be happy as long as they figure out why their trading engine displays impossible spikes.

same thing basically happened to me, but i was able to cancel my order before it was fufilled (thanks to long order ques from mtgox)

So basically... I bought for $14.23, Sold at $14.18, then re-bought at $14.05.

I'm right back where I started (a little ahead tho)

Navigating MtGox kinda tricky during a power-hour eh guys?

I once made an order to buy 1000 at 0.0199 but accidentally sold. it just sold for the highest bid though

Where on MtGox do you type using syntax like you are using above ("Buy 8000 BTC if price falls to 8")? I only know the Trade Section where you have fields for the amount of BTC and the price. Or are you using their JSON interface from your own client?

I agree though that their GUI could improve a lot. It could also be more helpful to pre-calculate fields. Say you have $1000 to invest and want to buy BTC for not more than 14.0. You currently have to calculate yourself that you want to buy 71.44 BTC.

There could also be a warning if the price is *way off* the going price both when buying and selling

Just moved like .208 or some odd number a couple of days ago.  I hate the fucked up numbers, and I accidentally sent something to the wrong place and now I've given up trying to fix at the moment lol.   Gox and even Tradehill could use some visual changes to the site to make things clearer, but I guess it's nice that there is tons of user error going on and Gox isn't the only one messing up his numbers :p

Don't they have order confirmation screen after order submit?

They don't. In any case, Confirmation Dialogs are considered by many to be a nuisance only. They are usually just clicked away by experienced users.

Lessons learned in blood are not soon forgotten :)

Same thing happened to me.  I sold ~20 BTC a few cents under my buy while setting up some step orders.  The loss was small but I did the same damn thing again later in the day.  

I really shouldn't drink and trade.  

I guess there would be one really easy improvement to the MtGox interface, that could be done within a minute or so with css:

Make the "Sell Box" red, the "Buy Box" green.

Makes sense?

Lucky enough not to have that issue because when I buy I'm spending every MTGUSD I have so it always requires a calculation to see how much BTC it is.  Selling doesn't require that(Pick your price, and amount of coins and done).