You may have also seen “tendies” being used quite a bit, and tendies refer to the profits a trader makes off a stock. “Glad I found a WSB, I like the stock, and all of you guys and I don’t mind being the bagholder now or in the end.”Īs you can see this person here is suffering a pretty massive loss, and this is what would be referred to as a “bagholder.” 5. As you can see in the picture above, somebody said, In other words, they’re left holding the bag. Now, another popular term being thrown around is “bagholder.” What are bagholders here? Bagholders are traders who have taken a heavy loss in a stock. I thought that being 51 years old made me apart of Gen X, but I guess boomer has become more of a generic term for anyone over 40 or so, at least in the WallStreetBets forums 4. Now, we are talking again about boomers, and a “boomer” is what the WallStreetBets crowd used to describe an older person. The term “newbie” is an easy one, and it refers to a rookie trader who is new to trading. On WallStreetBets, it is used as a more general term for stocks that they might be trading. Now, “stonks” started as a meme a few years back and was used in reaction to what others thought were bad trading stock choices. This is why I want to show you the ten most common terms that you’ll see on this forum, and I’ll explain to you what they mean. You might have been peeking into the WallStreetBets forum to see what’s going on, and you may have been confused by all the terms they’re using. Now back to why I’m writing this article. Robinhood, for example, was only allowing traders to buy 20 shares of GME.
Wow! It went from around $40 all the way up to $418, but then the stock went down, mainly because of the extreme limitations that online brokers put on the stock. Now the most famous being talked about is GME which is GameStop. Now, ultimately, these short-sellers are the ones who are mocking the small account traders that had to close their positions at a massive, massive loss. They decided to go after hedge funds, especially short-sellers, and chose a few heavily shorted stocks as targets and drove prices up. That’s up from around 2 million at the beginning of the week. You see, WallStreetBets is a popular forum on Reddit with millions of followers.Īs you can see, at the time of this writing, they have now about 8.2 million followers. Now, before I do this, let’s take a minute to recap what’s been going on. I mean, they’re using terms like “tendies,” “YOLO,” and “boomers.” So today I want to help you and me to cut through the noise and define some of the terms that you might be seeing on WallStreetBets if you’ve been going to this forum. Most of it has been in the hands of the WallStreetBets crowd, and it’s really easy to get overwhelmed with what exactly these folks are saying on the WallStreetBets forum.
There has been insane volatility and volume on stocks like GME, AMC, BB, BlackBerry, and then recently Silver.
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