Originally posted by NotAllThere
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Can be dangerous though. On Monday just gone, I placed a sell limit-order onto the order book to sell a load of shares , but I put the price down in pounds when it should have been in pence. It traded immediately.
Just as well there was a healthy market in this particular stock and a well populated order book - had there not been, I could have lost up to £100K
A lesson learned..
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