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Exercise utmost caution when placing buy and sell orders

Mistakes made while placing orders can result in losses, though with brokers the risk has reduced

Priya Nair 

Have you ever placed an order to buy 100 shares of a company but your broker bought 1,000 shares, instead? Or, clicked the sell button when you wanted to buy? Let us look at what happens in such cases.  If your broker punches the wrong share price or number of shares, he bears the loss. “The broker will call the customer after market hours to confirm the order. If you realise that the order is wrong, point it out. The broker will then check the call (all calls between brokers and clients are recorded). If the mistake was made by the broker, he will take the ...

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