r/wallstreetbets 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

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u/Acrobatic-Wolf-297 Feb 04 '25

Let me Re-math that. I read 1,900,000. Its actually 1,900.000 for the quantity. Meaning he sold 1900 at .75 when likely he meant to do 1900 at 10.75

The Loss was close to 20k not 20 million lol!!

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u/Brothernod Feb 04 '25

Thanks. That’s more like what I thought :)

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u/Huge_Catcity6516 Feb 04 '25

Come on man, the seller lost exactly what OP gained. The answer already on the pictures. Why do you regards have to make it more complicated?

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u/Acrobatic-Wolf-297 Feb 04 '25

Reading comprehension of a grade schooler does that.

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u/VitaminOverload Feb 04 '25 edited Feb 04 '25

Could it be that the loss for that guy is the same as OPs gain?

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u/Acrobatic-Wolf-297 Feb 04 '25

You are correct, my initial misseead of the screenshot had me thinking something else entirly.