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

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61

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

64

u/ThatAlbertaMan Feb 04 '25

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

138

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.

41

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?

3

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.

54

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!