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So instead of a yes/no confirmation, you force the user to explicitly type what they are doing, i.e. "Sell 610,000 shares of stock X for 1 yen each." This is s
by enraged_camel 11y ago
So instead of a yes/no confirmation, you force the user to explicitly type what they are doing, i.e. "Sell 610,000 shares of stock X for 1 yen each."
This is similar to how Github forces you to type the name of a repository when you try to delete it.
You can also configure a threshold such that the "hardcore" prompt kicks in only if the system detects that the user is trying to do something unusual, i.e. sell a stock for much cheaper than it is.
- funtober 11y agoThese sorts of mistakes happened when I was trading options more than a decade ago. In most transactions, such a confirmation would have cost money on every transaction since speed matters. Back in the old days, I feel the broker would have gone to the market makers, said there was an error, and gotten out of the trade.
- enraged_camel 11y ago>>In most transactions, such a confirmation would have cost money on every transaction since speed matters. Which is why I said you would enable it based on a threshold and/or only on unusual threads. These systems are capable of extremely complex decision-making at very high frequency. Surely something like "sell 610,000 shares for 1 yen" would have stood out as strange.
- achr2 11y agoThough I wish Github didn't do that for forks that are less than a few minutes old or have no commits...
- StavrosK 11y agoI like what mycelium does. You type the amount, and there's a button that will change state on every press, and cycles though "generous", "normal", "economical" and "stingy" or something like that. That way, a user doesn't have to know what value to use. You can also set this once in settings and never see it again, except as a report.