r/wallstreetbets • u/TonyBerdata27 • Feb 04 '25

Gain Made $18k in less than 1 minute by accidentally sniping mispriced ask

I put in a large market order this morning, and somehow bought 1.9k shares at 75 cents each while the stock was actually trading for ~10$

I cropped out the ticker because it has <300M MC, but had to share this because this is so unbelievably regarded that I think I might have bought off one of you guys.

TLDR: I stole someone's shares for 90% discount because they probably mis-entered their limit order.

7.2k Upvotes

97% Upvoted

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6.0k

u/glitched_system1 Feb 04 '25

100% sure it was someone from here.

2.2k

u/Low_Answer_6210 Feb 04 '25

It was 1000 percent someone from here he’s prob reading the thread right now (it’s def not me)

480

u/No-Engineer-4692 Feb 04 '25

Got him!

131

u/FuturecashEth Feb 04 '25

Asking for a friend, what happens if I set my limit order waaay lower for testing?

109

u/SenileGhandi Feb 04 '25

Depends on the broker and the volume. I've listed a sell with a small typo and the order fulfilled at market price instead of my lower limit. Thanks for looking out Robinhood, life can be hard for us regards

38

u/StonkaTrucks Feb 04 '25

Yeah, I don't understand what broker sells for literally your limit price. I thought it was always just at least that price.

1

u/albearcub Feb 05 '25

Yeah ppl like to shit on RH but that's one good thing about it. If I limit buy and it keeps dropping fast, I'll usually buy at a lower price. Same for limit sell but it keeps rising.

21

u/wholovesshortshorts Feb 04 '25

Schwab wont even allow it. It'll ask you to check your amount but still ghost the submit button

1

u/geggleto Feb 04 '25

use a real broker ;)

0

u/SenileGhandi Feb 04 '25

Robinhoods the shit, I happily switched everything over to it from a "real" broker

18

u/b-lincoln Feb 04 '25

Usually, the broker will sell it at market or try to fill at best price. To me, this is a market maker error, not a broker.

1

u/OrneryZombie1983 Feb 04 '25

Right? I'm not following this but I'm no expert and I'm on first cup of coffee. Doesn't sound like a limit order.

4

u/Bruins8763 Feb 04 '25

HF’s will get the fills first 99.9% the time

1

u/nevyn Feb 04 '25

It's a lower limit not an upper limit ... as long as people have buy orders at higher prices your order will be filled at those prices.

OP needed to have a market with very low volume and be fast enough the robots couldn't react.

180

u/nongregorianbasin Feb 04 '25

If i was smart enough to think i knew how options work, i could think it was me

60

u/Cll_Rx Feb 04 '25

I have no idea how they work either. I have just been getting very lucky making a few dollars every day with them. 0dte been good to me quick in and out

69

u/ThatAlbertaMan Feb 04 '25

OK, tell me more what your plan is because I actually understand them and just lose money

140

u/stillpractising Feb 04 '25

Alright man u really want to know? There is actually one secret to investing and making money from trading, and all u have to do is just buy low, then sell high. Its really that simple. Follow me for more investment adivce

43

u/ThatAlbertaMan Feb 04 '25

Oh yes, how could I have forgotten? I’ve been buying high and selling low. Dang it.

39

u/stillpractising Feb 04 '25

Ah yes, the ol’ buy high and sell low trading strategy. Pretty common on wsb actually

1

u/astronutski Feb 04 '25

Isn’t that what Cramer told us to do?

4

u/Mantz22 Feb 04 '25

Yes, it is called snorting, I think.

6

u/Ok-Flounder-1281 Feb 04 '25 edited Feb 09 '25

Idiot. (I buy high, sell low, then watch the price double)

1

u/_Disastrous-Ninja- Feb 04 '25

Its tricky though cause people seem to think that stuff that goes up a lot is going to keep going up and those same people are pretty sure if something is going down its going to keep going down forever. To get around that just remember this tip: past performance is not indicative of future results.

1

u/ThatAlbertaMan Feb 04 '25

Had them reversed this whole time!

1

u/tommy-turtle-56 Feb 04 '25

No, you forgot the upsell, “you want fries with that?” Don’t make us take back the Wendy’s name tag.

1

u/unsure230 Feb 04 '25

How do I tell when the price is above my buy price? The decimals make it hard

1

u/fatalrip Feb 04 '25

You can also just buy and hold really long periods of time without selling while continuously buying more at regular intervals regardless of market performance.

53

u/dumazzmudafuka Feb 04 '25 edited Feb 04 '25

It's easy. Just wait until the price action is volatile and buy calls if it's going up and puts if it's going down. I like to go maybe about 2-3 $ otm. Bet 100% of your account. If you're wrong, cut your losses short and try again the next day. If you're right, get high off the thrill of winning until it starts moving against you or you think it's done moving then secure your gains. Simple. I don't even understand any of the greeks. Nor do I factor them in at all, or want to.

13

u/Key_Net_2682 Feb 04 '25

This but I bet the opposite direction of current movement, 50% of the time it works 100% of the time

1

u/AgentDrop Feb 04 '25

I feel like I’m the only one that got this comment 🐆

2

u/dumazzmudafuka Feb 04 '25

Nah we get it

2

u/TraderG43 Feb 04 '25

My options account was up 250% last year and the only Greek I understand is a gyro with extra tzatziki sauce.

1

u/dumazzmudafuka Feb 04 '25

I've gone from $500 to $2500 so far with this strategy in the last month. Most of my trades were actually losers, but I cut them all short and let the winners ride.

1

u/Cll_Rx Feb 04 '25

100% this

14

u/Tiny_Seaweed_4867 Feb 04 '25

Plan? What plan?

1

u/F34RFoO Feb 04 '25

What’s an exit plan?

3

u/Carlosfantastico Feb 04 '25

I don't know, just look at lines and swoosh draw the rest.

1

u/Cll_Rx Feb 04 '25

Get in set limit sell get green and get out

8

u/Low_Answer_6210 Feb 04 '25

Bruh you’re either really lucky or so stupid you’re smart because that’s a quick way to burn all your money

1

u/mark1forever Feb 04 '25

ask him about his ath portfolio 😆

1

u/East-Description-243 Feb 04 '25

That is amazing. Fit right it here!

1

u/Merisuola Feb 04 '25 edited Mar 03 '25

snow work continue payment cooperative quack head pot late middle

1

u/nongregorianbasin Feb 04 '25

My point exactly.

1

u/addandsubtract Feb 04 '25

No, no... you see, in order to sell something at 10% of it's worth, you don't need to know how options work.

1

u/ng181 Feb 04 '25

Over heree

1

u/Extra-Account-8824 Feb 04 '25

he read the thread and is punching the air rn 😭

42

u/ExtremeEffective106 Feb 04 '25

Measure twice, cut once!

6

u/well_actuallyyyy Feb 04 '25

No no you've got it all wrong. It's measure once, cut twice

4

u/seamus_mc Feb 04 '25

I keep cutting and it is still too short to fit

2

u/benaugustine Feb 04 '25

Fuck that's super efficient. You're 4 times as efficient as the other guy

1

u/valvegameplayer Feb 04 '25

Makes sense you have to cut one side then the other.

23

u/Odd_Donkey8241 Feb 04 '25

On here reading this and still don't realize it is them they are talking about .

3

u/ARatOnPC Feb 04 '25

Some highly regarded from here

1

u/TroubleshootReddit Feb 04 '25

Probably that kid who lost like $100k of his grandfathers money

1

u/ModeForJoe Feb 07 '25

trader on wsb using robinhood on ipad over a phone/cellular connection

1

u/ModeForJoe Feb 07 '25 
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