#Wallstreetbets lingo bloomberg series#

On January 29th, 2020, /r/wallstreetbets founder and moderator Jaime ' jartek' Rogozinski published a book 'WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials' about the subreddit. In March 2020 the subreddit was featured on the cover of Bloomberg Businessweek. Upon seeing his major loss, /r/ControlTheNarrative uttered 'Guh,' with the exclamation becoming a major meme in the subreddit. After effectively raising his leverage 25:1, he bought Apple put options and lost nearly $45,000 in one day, posting a recording of himself watching his loss on /r/wallstreetbets. In late October 2019 Redditor /r/ControlTheNarrative discovered a loophole in Robinhood that allowed to increase his leverage indefinitely.

#Wallstreetbets lingo bloomberg series#

Robinhood later removed the option for using box spread trading on the platform.īetween July 2019 and August 2019, 19-year-old /r/wallstreetbets user Analfarmer2 gained and subsequently lost nearly $700,000 in a series of YOLO call and put options. He was subsequently assigned short calls, and his account was suspended by Robinhood, although 1RONYMAN managed to withdraw $10,000 before the suspension. In January 2019, Redditor 1RONYMAN abused stock trading app Robinhood's poor risk management and lost nearly 58,000 USD on what he thought was a risk-free box spread trade. In 2015, the subreddit experienced a 'modpocalypse,' with hundreds of random users being added as moderators for several months. In 2013, jartek and another user americanpegasus had a competition in which jartek traded options and americanpegasus traded penny stocks. Over the years, a number of users acquired iconic status in the community due to their extreme gains or losses, with the subreddit forming its own lingo and memes. On January 31st, 2012, Redditor jartek (real name Jaime Rogozinski) created /r/wallstreetbets, with the community shaping up to become a forum for discussion of risky market trades and memes about stock trading. In January 2021, the subreddit achieved global recognition following the events of the GameStop Stock Surge in which it played a defining role. Similar to 4chan's /biz/ board, the subreddit spawned multiple memes about stock trading and has been featured in a number of mainstream financial outlets.

WallStreetBets or /r/wallstreetbets is a subreddit which primary focus is risky stock market trading and memes about it. Stock market, memes, trading, puts, calls, robinhood, jerome powell, guh, gay bears, gay bulls, fd, bagholder, autist, americanpegasus, 1ronyman, analfarmer2, jerome hayden powell