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

547 comments sorted by

View all comments

Show parent comments

52

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.

14

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 Iā€™m the only one that got this comment šŸ†

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