When you have “diamond hands” it means that you hold onto an investment no matter what. You don’t sell it regardless of volatility, losses or gains. Someone with diamond hands resists panicking when prices dip, but he or she also doesn’t get greedy when prices rise.
What is the diamond hand?
DIAMOND HANDS means “someone who holds stocks adamantly.” The term is in common use on the subreddit (WallStreetBets WSB). It is typically accompanied by these emojis: “Diamond hands” contrasts with “paper hands.” A person with “paper hands” exits a position, or folds early, as soon as the stock price starts to fall.
What is Diamond hands WallStreetBets?
What exactly does diamond hands mean for stocks? Commonly depicted in its emoji form (see below), ‘diamond hands’ refers to someone who has a high-risk tolerance for high volatility stocks or assets that they own. They don’t cave under pressure and sell their stocks, essentially.
Who started diamond hands?
How was diamond hands started? It’s believed that the term “diamond hands” was first used on Reddit, specifically the WallStreetBets subreddit. That community is known for two things — touting high-risk, high-reward investments and its love of memes.
What does paperhand mean?
So now, on the other hand, and this is where we go to term number eight, which is the term “paper hands.” So what are paper hands? It’s the opposite of diamond hands, meaning if someone has paper hands, they’re nervous, and they sell their position instead of holding it.
What is Robinhood diamond hands?
Diamond hands is a slang term for an investor who refrains from selling an investment (such as stock shares) despite downturns or losses. … It can also be used negatively to refer to a stubborn investor who refuses to abandon an investment that is likely to lose value.
Where does the phrase diamond hands come from?
The phrase diamond hands was popularized early this year when r/WallStreetBets members teamed up to create a short squeeze in the meme stock, GME 一 they shorted the stock and called on each other to have ‘diamond hands’ and not sell until the stock went ‘to the moon.”
What is a falling knife?
Falling knife refers to a sharp drop, but there is no specific magnitude or duration to the drop before it constitutes a falling knife. A falling knife is generally used as a caution not to jump into a stock or other asset during a drop.
What does DD stand for WSB?
dd stands for Direct Deposit. So usually after loosing money we make our own DD before investing into a stock (a direct deposit) which happens multiple times a week for the average wsb guy.
What is Tendies WallStreetBets?
Tendies refer in general to any financial gain on the stock market and is used when traders make money from a stock. Many investors following meme stocks during the short-squeeze made a lot of cash if they timed it right, unfortunately, some people also lost a lot of their savings.
What does Stonks mean in slang?
Stonk, a deliberate misspelling of stock (meaning “a share of the value of a company which can be bought, sold, or traded as an investment”), was coined in a 2017 meme. The word is often used humorously on the internet to imply a vague understanding of financial transactions or poor financial decisions.
What is Diamond hand Reddit?
Often referenced using an emoji, “diamond hands” are how members express their belief that their position is valuable and worth holding onto for maximum profit. Conversely, a trader with “paper hands” sells out early.
What does Tendies mean?
Tendies is a slang term referring to gains or profits made on investments, such as stocks. The term tendies was originally used as a short way of referring to chicken tenders (breaded strips of chicken sometimes also called chicken strips or chicken fingers). This usage was intended to mimic the speech of children.
Why do they call Dave Portnoy paper hands?
“Paper hands” is a common term on Wall Street Bets for retail traders who don’t hold onto their investment. … To which Portnoy said: “People who are saying paper hands and this and that, they lost 5 cents; they lost a nickel. I lost 700 grand. I got out of it; I took a beating.”
What does paper hands mean Crypto?
PAPER HANDS means “someone who sells too early.” In the world of the stock market, someone with “paper hands” exits a position, or folds early because the financial risk is high. In other words, they panic sell.
What are apes in stocks?
To put it concisely, apes are social-media traders battling against powerful institutional investors by attempting to push heavily short-sold stocks higher. The term “apes” is a reference to the Planet of the Apes series of films.