Diamond Hands: How "Wall Street Bets" started a rebellion in Stock Market.

:::This post is not intended to be substituted for financial advice the information provided is for mere entertainment and historical purposes. If you want to invest properly please consult a professional financial advisor or CPA.:::


* Degenerate

* Apes

* Retard

* Autists

* I borrowed money from my wife’s boyfriend

* Hold the line!

* DIAMOND HAND!

If you find these terms offensive than obviously you haven’t heard of “Wall Street Bets” a forum found on Reddit.

To be more precise the terms mentioned above is a description of a young retail trader and investor who has no idea of the fundamentals of investment practices and doesn’t have any knowledge of risk management techniques when investing in the stock market. There activities are often considered as a form of gambling.

A growing group of young retail investors or as they like to be called “Aps” is becoming more popular.
To describe it in a nutshell you have a lot of uneducated people with a lot of money investing in the stock market.

Now that new platforms with no-commission like Robinhood and WeBull are becoming a common place. It has open Wall Street doors for the average joe to invest.

No longer do you need $1,000 or $5,000 dollars to buy in and start investing you can start investing with as low as $5.

This created a unique social experiment, one that would be highlighted when the corona virus came to our US borders in 2020.

You see during the shut down it created a high unemployment rate and Donald Trump being at the helm during his administration. We Americans had a once in a lifetime opportunity.

Free money!!!

Due to the back log of UI cases when the money finally got to the American people, they would get a direct deposit of $10,000, $15,000 and up to $20,000.

Now keep in mind these are people who worked at Walmart, McDonalds and were Uber drivers and suddenly overnight they felt like they were Warren Buffet.

I am not saying all of them are foolish and I am sure there were many who spend the money responsibly.

But since we are talking about young retail investors, we can safely say that intelligence may not play a part in this story. Or so they like to portray themselves as.

In February of 2020 there was what I call the The GME squeeze. GameStop was about to go out of business and Hedge fund investors saw an opportunity to make money by doing what is called a Short squeeze.

And Wall Street Bets seeing this opportunity created a plan to screw over the big financial giants by buying and holding GME stocks.

By doing so the Hedge Fund investor took heavy losses and some even went bankrupt.

I won’t get into too much detail on the topic of investing since it is too complicated to explain on one post.

But any investor or someone who at least participated in the market has some idea of the rivalry between WSB and Hedge Fund.

I posted links below to explain the history of these two.

The question I have is this.

Do you believe the 2020 corona virus, stimulus checks and UI free money was a contributing factor in the WSB vs Wall Street revolution?

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Please watch these video first before commenting. It will help you understand the point of my post.

GameStop stock short squeeze: Reddit traders take GME on a wild ride I FT Film
https://youtu.be/ZzL5OLCwSPY

Gamestop Short Squeeze Hype video $GME STOCK
https://youtu.be/0hXBI0lhlKY

Gamestop Drama Portrayed by The Avengers Endgame Finale
https://youtu.be/YHeiQMleNfQ

Reddit vs Wallstreet – GameStop, The Movie
https://youtu.be/YFQ-v1jCpF0