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Author Topic: Bump when you're guilty  (Read 1602 times)
GeniuSxBoY
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July 08, 2011, 09:19:14 AM
 #1

of making ordering mistakes:


Guilty:
I typed my order in the wrong box and sold 10 btc instead of bought 10 btc
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Vandroiy
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July 08, 2011, 09:34:38 AM
 #2

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.
evolve
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July 08, 2011, 09:59:35 AM
 #3

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)
GeniuSxBoY
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July 08, 2011, 10:06:29 AM
 #4

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)
lacedwithkerosene
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July 08, 2011, 10:09:16 AM
 #5

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

bitbot
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July 08, 2011, 10:12:02 AM
 #6

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

Anonymous BITCOIN Exchange: https://www.TRADEHILL.COM
aeroSpike
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July 08, 2011, 10:44:58 AM
 #7

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".

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
BitcoinPorn
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July 08, 2011, 11:43:40 AM
 #8

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

Serge
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July 08, 2011, 01:30:54 PM
 #9

Don't they have order confirmation screen after order submit?
aeroSpike
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July 08, 2011, 01:37:00 PM
 #10

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.
bitcoinminer
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July 08, 2011, 01:41:35 PM
 #11

Lessons learned in blood are not soon forgotten Smiley

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
KMBTC11
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July 08, 2011, 02:49:05 PM
 #12

of making ordering mistakes:


Guilty:
I typed my order in the wrong box and sold 10 btc instead of bought 10 btc

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.  

18ag54cB87XxmYwcUFGw55Ft5kzx63MpV2
qwk
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July 08, 2011, 02:56:50 PM
 #13

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?

Yeah, well... I'm gonna go build my own blockchain, with blackjack and hookers. In fact, forget the blockchain!
TheGer
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July 08, 2011, 03:11:05 PM
 #14

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).
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