mistrade

noun

1. (countable, uncountable)A trade that is made at an obviously incorrect price; or the act of making such trades.

   “The proposed rule change would also add language that would make it clear that the party responsible for a mistrade would be required to report to the OOM Help Desk the details of any transactions conducted pursuant to Part A or B of the Error Trade Policy that occurred outside of the OneChicago system.”

   “With the rise of electronic trading, such 'error trades' or 'mistrades' have turned out to be a major regulatory challenge, even long before the 'flash crash' (2010). In Germany, the handling of mistrades belongs to the few trading details that retail investors care about and that, as a consequence, marketplaces use to differentiate their trading systems from the competition.”

   “The difference between a mistrade and an erroneous trade confirmation is that with a mistrade, the trader agreed to trade at an off-market price.”

2. (countable, uncountable)A trade that does not turn out well and is a cause for regret, or the act of making such trades.

   “Looking at failures and mistrades in the markets is just as helpful as showing how profitable a strategy may be.”

   “When the vows are purposively made, Why is there a curse of mistrade?”

   “For example, by analyzing his mistrades, one can discover what typical patterns of action and belief are hidden behind them.”

verb

1. To trade badly or unfairly.

   “In his own interest the owner of a brand should not allow any distributor to mistrade upon a reputable name.”

   “For what can he have done with all that money taken upon me which I have accepted, besides 100l. sterling there taken the 10th January of Samuel de Fisher which I must protest, since he cannot have misspent nor mistraded already so much?”

   “The Engs allege that their trading advisor, Marketarian Incorporated, mistraded their account in a number of ways: (1) churning; (2) failing to lock-in profits by using moving stop-loss orders; (3) breaching a promise to use $300 stop-loss orders in connection with certain day and overnight trades; […]”

   “Antonio tries to stop her trading her body by saying that his body is actually the one that was mistraded: "I once did lend my body his wealth," but his body was saved by "him that had your husband's ring," so Antonio "dare be bound again,/My soul upon the forfeit"”