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.

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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

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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.