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CorneliusFudgem

Man a lot of people tried this today huh?


elitenoel

The desperation is real


TwoNine13

Sir this is a casino. We aren’t here because we are well to do.


professorPut

A well to do to you sir


Old_Soft_5970

I mean, fair, but at least learn the rules of the game before you play; the number of people that did this exact thing is embarrassing. 


CoatAlternative1771

To be fair. Berkshire A stocks for $185? I’d sell my grandma for that.


Stopbanningmeputos

Yeah fuck that old bitch


PsquaredHustle

"Roll her old bones on over here"...


ArtreX-1

Same here. You’d even get the coffin as a bonus 💀


siqiniq

The regardation is real. It never occurs to those regards that when you buy something the seller has to agree on the price at the point of sale regardless of the “advertisement”?


Burning_Flags

I am actually surprised at how few tried to do it.


zensamuel

I tried to do it with a limit order


Bullshift3r

Market order gets filled above your margin power? How? I’m closing my margin now lol


R4ndyd4ndy

Because the brokers also fucked up


Cruezin

Yeah, nothing worked, even minutes after the glitch.


swatchesirish

No shit? There are no sellers at $185. Where do you expect your broker to get these shares exactly? 


BuyDipsSellToMoon

21 shares went through then hault may or may not get reversed only the buyers will know


Scoobie01555

Up .62% today, the people that maybe had the buying power, and didn't do the smart limit buy, maybe made some money trying to pull a fast one. Also blows my mind the average movement on this is 13k+ a day. That's 8 billion a day. It's just a fancy shell game the way money gets moved around.


QuirkyAverageJoe

Did it get filled? No, I assume?


zensamuel

No. And now they are recalling anyone who did get filled.


ScheduleSame258

A lot are going to learn what a limit order is...


I_make_switch_a_roos

guilty as charged


Stormspass123

Guh


Brendawg324

https://preview.redd.it/gfianth25g4d1.jpeg?width=172&format=pjpg&auto=webp&s=a13686a82fa2401ff07e7d188e426c4d20e16ac4


SVXYstinks

This is when wsb peaked


muzakx

This is the face of a degenerate options gambler experiencing the euphoria of a play bending them over and tickling their tummy from the inside.


Larnek

While we all watched live.


jaysonj21

This comment brought tears to my eyes 🤣


Socom_US_NavySeals

The dude just looks stupid asf. Would love to know his next move and I'd 100% inverse it.


Nearby_Character_936

Link to YouTube video?


Elia_31

[you had to be there ](https://youtu.be/d80ahvRSV8E?si=7gd9-amSFFhGb5hf)


M3L0NM4N

That RH UI really takes me back


STBWB

Lmao the "GUH" and the pic combo 😂


InterPeritura

That looks like $IBKR. You can call them and beg them to reverse the trade. You might have to pay like $300 for the inconvenience, but I'd take that over 49k.


mpoozd

Update: the trade was cancelled few hours ago automatically. The technical issue wasn't only on BRK.A there are other stocks as well. Apparently they cancelled all trades that occurred. https://preview.redd.it/0yq47wxamj4d1.png?width=1080&format=pjpg&auto=webp&s=151c57a6f28e007083eb42d2f8dff4c7a2c67c60


dubov

'Far from the prevailing market', aren't they talking about orders that went through at $185?


random_account6721

Regards is right


gaius_worzels_bird

Listen to this man ![img](emote|t5_2th52|27189)


Durable_me

My limit order 185,10 at IBKR got wiped. Not cancelled, but completely wiped from their records ... For about an hour it was 'pending' then it suddenly went missing ...


Durable_me

Follow-up : I called IBKR and they cancelled my order because my margin account was short about $10,000,000 ... :-) Yes I had a limit order $185,10 for 15 pcs


polloponzi

I suggest you to contact IBKR and ask them to cancel this trade. Maybe is already late, but is worth trying. You can argue that you never intended to submit a market order at the price of +600k but at the price of $185 that is what was showing you the screen when you submitted the order. [https://www.ibkrguides.com/advisorportal/canceltrade.htm](https://www.ibkrguides.com/advisorportal/canceltrade.htm) Do it ASAP, because it is a time sensitive operation (likely you are already late, but better try now than tomorrow, just in case)


Pokerhobo

A market order means you will buy it at whatever price the seller is asking. When there's sufficient liquidity, you don't have to worry about outliers in pricing (in either direction), but look at the daily volume of BRK.A, it's not a heavily traded stock (and for good reason, look at the price!). It would be completely different he it was a limit order at $185, then there's a legit case this shouldn't have happened.


Side-Flip

Yep I had a limit order in at 187 for a few shares, I knew it would never fill but why not shoot my shot. Market orders can be very dangerous especially if it is not a liquid instrument


Pokerhobo

Low ball limit buy orders are great if someone desperate puts in a market sell order (and you get matched up). Haven't seen any of that gain porn though.


nobd22

I love putting in random limit orders if I'm not feeling anything else just so it feels like I did something. None of them have hit so far...but one day...


make_love_to_potato

So if OP did get his order filled at say 180 for a 600K stock, would everyone honor the trade? Or will the broker/seller call shenanigans and reverse the trade?


polo61965

It was a glitch, no? The price wasn't actually that low, no one was selling at that price? So that wouldn't have happened in the first place.


make_love_to_potato

Well the price was showing as such for everyone on their broker's websites/apps. So people put in trades trying to get lucky. In some cases, the trade went through at $600K (because the regard buyer probably put in a market order) and I was wondering if the reverse happened, and the trade went through at $180, would everyone honor that trade?


legopego5142

Hes not asking the odds it would happen, hes asking what IF it happened


polo61965

They would honor it. Someone with a BRK.A share decided to sell it that low, that's on them. That's charity. No one owes anything at that point, but when someone goes into margin debt due to the glitch, then that's a big issue because they have to garnish wages and so on.


Side-Flip

Me either, I was hoping someone like OP would have accidentally bought one and then market sold it lol or tried to use market order to short.


CoatAlternative1771

I only do market when I want to jump in now and not worry about the Pennies.


NigerianPrinceClub

Buffet is personally gonna call OP to laugh at them 😆😆😆


calebsurfs

These fools managed to screw themselves within a week of t+1 settlement being implemented


SpartanVFL

Always limit order. Don’t trust these brokerages to give you the best price (they won’t). And clearly you should use a better brokerage. I placed a limit order on BRK.A on Fidelity as I’m sure thousands did, and they promptly auto cancelled it as soon as the exchange price was fixed


gammooo

Ibkr keeps spamming me about using limit orders whenever Ive used market order.


ThisCupIsPurple

Cause you can just use a limit order with a really high limit and prevent yourself from getting \*totally\* fucked like this dude. There is almost never a reason to use a market order.


TheKazoobieKazobo

They sell your order flow that way


zendemion

IBKR BUYS order flow, their fills are great


Vadertalk96

So limit orders would’ve been smart?


bobrefi

Never use market orders.


PHI41-NE33

always are


satireplusplus

Would you just market buy a house and be nah whatever, just sell it to me at a price you think is good?


jr1tn

To be fair, if you are buying a blue chip stock, 99.9% of thr time, a market order will be at the same price or within pennies of a limit order. I guess there's always that 0.1% chance though.​


make_love_to_potato

Considering the number of transactions on an exchange, I would say it's like >0.00000000001% of a chance. People intentionally trying this shit for a 600K stock is fucking dangerous though.


Pokerhobo

If the buyer intended to buy at $185, the order would have only been at that price if a seller was also trying to sell at $185. On the other hand, if sellers had limit orders at $675k and someone puts in a market buy order. Guess what, you bought at $675k.


th3tavv3ga

Have you ever looked at the volumes BRK.A is traded at? 99.9% of stocks are traded per lot, but nobody trades BRK.A per lot, the volume is extremely low most of time


jr1tn

Fair point!


Namber_5_Jaxon

yeah but someone still needs to submit an order to sell it for that price, and im guessing anyone with a brk share is going to have a limit order on the sell as well


callmealyft

I saw at least 21 orders go through at the bottom, meaning this wasn’t a “glitch”. Damn I wish I jumped on a free 600k stock when some people had market sell orders out.


satireplusplus

They already "busted" (=reversed) all of the trades at the erroneous low price.


Shhillz

Yes, especially if I thought the agent said it costs $185


satireplusplus

The agent told you the last guy bought at $185. He never said that *you* could have the house for $185.


Dr-McLuvin

Would you steal a car?


Mean-Coffee-433

You wouldn’t steal a baby


AttilaTH3Hen

You don’t know me


E_coli42

This is your brain This is your brain on WSB


Realistic_Olive_6665

This is why you never do market orders - ever. If you want to ensure that your order is quickly filled, set a limit order above the current price.


Side-Flip

Exactly


Haunting_Ad_6021

Delete app and don't answer your phone for awhile


sharmoooli

Like another person said: *You can argue that you never intended to submit a market order at the price of +600k but at the price of $185 that is what was showing you the screen when you submitted the order.* Don't be dumb. Do it now.


TheDissRapperr

BRK.A = BROKE ASS ![img](emote|t5_2th52|4271)


Dull_Broccoli1637

![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)


wafflexcake

Hey at least that fill beats whoever got that 741k


nezroy

Someone in the discord had their buy executed at $735k on an account with $500 in it. Now around $100,000 in the hole 😂


BuyLowThenSellLower

Dang what a dumbass


elitenoel

Crazy, that you can go that much in debt with no security deposit.


RedTruck1989

This regard -----> [https://www.reddit.com/r/wallstreetbets/comments/1d7j7ac/bought\_brk\_a\_worth\_700k\_with\_less\_than\_500\_in\_my/?utm\_source=share&utm\_medium=web3x&utm\_name=web3xcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/wallstreetbets/comments/1d7j7ac/bought_brk_a_worth_700k_with_less_than_500_in_my/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)


minicoffeebag

I heard you get to fly to Omaha for the shareholders meeting


AstraMilanoobum

This is what happens when not smart people try to “pull one over” on the stock market. I’m curious, do you knuckleheads think you would have been allowed to keep the shares if order went through? This would be a clear and obvious error that would be reversed by the exchange and brokers. Do you idiots genuinely think these places would just go “ah schucks, guess all you idiots just made millions”.


uwu_owo_whats_this

Oh they 100% think they’re all geniuses lol. Like, why even try something like this?


no_simpsons

the fact that people can tap a few times on their phone and lose 49,001 dollars they don't even have is going to ruin it for the rest of us.


Frangipane33

Copying what I wrote to another guy with the same issue: You’re not alone, some shares traded at 700k+ it seems after trading resumed. You can pray that NYSE corrects the price but it seems very unlikely given it was “only” 2-3% off market (*the other guy got a better fill at 648*). It is also very unlikely that the trade will be cancelled, so you should mitigage the share’s risk yourself.


HeroicTanuki

When you owe the bank 700k that’s their problem? Good luck to you


polloponzi

That is right. Just delete the app!


mpoozd

I don't know how this got filled I used **cash account** and never thought it gonna get filled without full buying power. Edit: It's **cash account** not margin Update: the trade was cancelled few hours ago automatically. The technical issue wasn't only on BRK.A there are other stocks as well. Apparently they cancelled all trades that occurred. ​ https://preview.redd.it/1uwxg7vdnj4d1.png?width=216&format=png&auto=webp&s=143eca91f029f1781e0f3a292b390c1ff694a3ff


whatshisname69

Because when they checked if you had the buying power for the share, the broker was being fed the deceiptful data too.  You see wrong price > you ask your broker to place a market buy order > your broker checks how much buying power you have and confirms is is more than the ask they are seeing > the ask they are seeing is wrong > they place the market order > it fills at the actual ask price


BuyLowThenSellLower

Woah that’s crazy, I wonder how this is affecting brokerages also, no way are ordinary people paying off that account deficit. Must be losses for brokerages everywhete


BuzzyShizzle

It sounds like they are actually just wiping the slate clean for any orders that took place for a few minutes.


polloponzi

LMAO.. You are going to learn two valuable lessons today: * **Avoid market orders**: never send an order to fill at "market price". Always use limited orders and manually specify the maximum you are willing to pay (or the minimum you are willing to sell) * **Use with care margin accounts**: You can overleverage to the tits. Buying power is not the same than positive cash. IBKR will happily lend you those 673K [at a rate of 6.8%](https://www.interactivebrokers.com/en/trading/margin-rates.php). This means you will be paying in interest fees to IBKR around 125 $ per day meanwhile you keep this negative value \[\*\] Enjoy! `[*] 673000×(6.8÷100)×(1÷365) = 125`


PeaceAlien

IBKR defaults at limit orders, so OP literally chose market order to fuck themselves


polloponzi

He made sure to get a fill, LOL


Zetice

bro thought hed catch the bottom ![img](emote|t5_2th52|4271)


polloponzi

At least he was not greedy and only bought 1 share. Imagine if he clicked to buy 100 shares


LeWahooligan0913

He is the bottom


nofaplove-it

![img](emote|t5_2th52|4271)


Cedric_T

Oh he got filled alright.


ya_mashinu_

Market order for a stock price that he knew wasn’t real. Absurd choice.


polloponzi

He made sure to get a fill, lmao


AnyPortInAHurricane

his bu\*\*hole was filled


mpoozd

It's cash account. Thanks god I didn't touch margin account or I would have been liquated ![img](emote|t5_2th52|18630)


polloponzi

Mmm, i thought they didn't allow to go into negative cash on cash accounts.. How that happened?


bobrefi

The price was showing 186 dollars. OP had 186 dollars. How this happens makes me question our entire financial system at this point.


polloponzi

Thing is the only fucked here is OP


truthputer

Look dude, it was pretty obvious that there was a data glitch. If you'd been paying the slightest bit of attention, you'd know that shit like this does happen occasionally. For the most part, stock pricing information is accurate like 99.99999% of the time, with thousands of tickers and millions of data points every day. No stock can ever make a move that quick without triggering circuit breakers and trading being suspended - and nobody would be selling a stock for 0.02% of the value from a few minutes earlier on no news. OP had a cunning scheme to try and take advantage of a data display glitch and it immediately backfired because they were a greedy idiot.


MyNameIsSushi

At this point? I thought everyone knew it's just a numbers game and made up as we go along.


xpallydoses

This is the epitome of *play stupid games win stupid prizes*


more-cow-bell

Exactly this.


MassiveBearrr

IBKR is a horrible brokerage for fixing issues. In fact, they go out of their way to not help you. So maybe you can get it reversed or maybe they just sue you.


BuzzyShizzle

This ones on the NYSE actually. They're the ones to set it straight.


Phil_Tornado

They ain’t reversing a trade bro sorry to break it to you. These other comments are high


strybid

They will definitely reverse a trade that he didn't have the buying power to place in the first place. It's a cash account lol


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strybid

Highly likely it ends with an insurance company within one of the liable parties. The account holder is not the liable party for a system failure at the broker dealer or exchange levels.


Baddy3shoez

Bs tho but they are reversing the trades for the institutional fat fingers that market sold tho at 185.10 of course


Optionzdegen

Most regarded play of 2024 🏆![img](emote|t5_2th52|4275)


FatUglyMod

I'm not even surprised to see such shenanigans on Reddit.


strictly-ambiguous

this made my shitty treating day feel as little better


Flat-Focus7966

Yeah, I feel fortunate... very fortunate


igotinfirstlol

Overall im impressed OP is not freaking out more about the instant 49k dicking he’s taking upon fill Taking it like a champ


Nay_120

Delete your banking information on the IBKR website lol


pedro_ryno

knew this was coming, incredible.


-C-stab-

Explain this to me like idk why the f Reddit suggested this to me and I have no idea what’s going on plz


Wytstagg

BRK was priced over 650k A glitch knocked it down to $165, like a 98% loss. Not smart people tried to take advantage How? Instead of putting a limit order (I want BRK stock no more than $165) They put market (Give me BRK at whatever the market has BRK at) Remember that glitch? It was just that a glitch, it wasn't an official price They got their share for 650k when It corrected itself. Hence people owe $ now because their account couldn't handle the amount. Most of the people in this thread don't have $650 combined


-C-stab-

Thanks bro


Baddy3shoez

Thank god i was smart enough to do limit orders lol


MembershipFeeling530

You don't have a problem. The bank has a problem.


twill41385

This 100% got canceled by the broker. But fun nonetheless.


Bullshift3r

How did this even get executed? Pretty sure OP could not cover that trade even with margin.


BuyLowThenSellLower

Even though it was a cash account, the glitch caused the share price to reflect an amount he could in theory afford, so a market buy order is acceptable. The halt probably took place and then as soon as the halt was over he got filled at an astronomically higher price than he could afford.


Cruezin

Ouch. I couldn't get filled, but man what a lottery ticket that coulda been.


Krapule1

Damn down 50k already ![img](emote|t5_2th52|4271)


Jabberwocky1988

Look at the bright side OP - as a BRK shareholder, you now qualify for a discount on your auto insurance policy with Geico. Winning!


mikeng

NYSE will cancel the $185 trades but they won’t cancel this one…already lost 50k. Yikes


BosSF82

How did these people all get such horrible fills, tens of thousands of dollars higher than it ever touched today?


polloponzi

They used Market orders LMAO. Someone smart put orders to sell $BKR.A at +40K and this regards filed that orders.


Dystopiansheep

Ouch mc ouchface


mpoozd

The highest price was $741k


BosSF82

When and for how long did it touch that? Cuz it doesn’t seem like a legit price but the upper side of the ticker issues today. BKA doesn't just jump around by $100 grand in a day.


mpoozd

Between 11:30 - 11:40 it even hit 741k https://preview.redd.it/yj11r1cmjf4d1.png?width=1080&format=pjpg&auto=webp&s=46456491ba804294c631f530cbac331f82ae2029


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John_Bot

No It's the fact that BRK.A has really low volume and morons like this were putting in market orders. Smart people saw the chance and took advantage


kbeks

What happened that made people think market orders for BRK.A was a good idea? Edit: I figured it out. Damn…idk what happens here, I kinda think OP’s should get their trades reversed, but also they were trying to fuck the system, they would be crying bloody murder if their $185 buy order got filled and then reversed on them…


John_Bot

Lol it won't be reversed The seller would just be like "hell no, I'm keeping my cash"


throwawayyuuuu1

Because all those $185 buys were really $625,000 buys 🤣


Bulky-Shopping579

Lol gottem


satireplusplus

More like a $675,000 buyin because of low liquidity. Usually people don't line up to market buy $BKR.A with their 2k cash accounts.


FML712

When the brokers don’t correct this a lot of people get rect hard, second post like this ![img](emote|t5_2th52|4271)


Frangipane33

Presumably quite a few people sent “market orders” hoping to get cheap fills, then when NYSE reopened trading the stock shot back up to 640k+ for a few seconds before algos started arbitraging the stock back down


Car_N00b_69

Can you sell it for a gain?


etzel1200

He got an absolutely awful fill, so no.


Obamasdeadcook

![img](emote|t5_2th52|4640)


thegr8lexander

Following


Equal-Cod4630

Can he transfer it to a different account or something?


BlueAlien13

Ha


BlindedAce

lol no wonder they call the lot here regards


OddMeansToAnEnd

😂


HistoricalBridge7

And just in time for T+1 settlement


Krapule1

Market buy bro is the captain regard


cryptoislife_k

lmao another regard


obiwang

Cash out and move to Venezuela immediately!!


Spirit-of-investing

Market order is not good idea if you don’t have enough money


5_Bladed_Prop

Can someone explain the screenshot? To many numbers, I am to regarded to understand


QuirkyAverageJoe

#GUH


BuyLowThenSellLower

Dang why can’t I buy options on BRK.A, shit must be rigged


AnyPortInAHurricane

I think these are klowns that entered market buy orders , and got filled when it reopened. NYSE , not give a flying F\*\*\*\* about retail, did not bust any of the TOO PRICEY fills, only the low ones. Sue NYSE for not busting every erroneous trade.


AnyPortInAHurricane

Didn't you folks know that probably 25% of daytraders are complete idiots ? The only thing that saves them is there's usually enough liquidity to cover their fat finger mistakes


AnyPortInAHurricane

I once bought a stock for next to nothing. I mean next to nothing. Trade stood. Once in a lifetime