WallStreetBets: Crypto and the Retail Trader Movement
Wallstreetbets , otherwise known as /r/wallstreetbets or WSB, is a subreddit for participants to discuss stock and options trading.
What are Wallstreetbets?
Wallstreetbets, otherwise known as /r/wallstreetbets or WSB, is a subreddit for participants discussing stock and options trading.
A subreddit is a hub for a specific online community and their posts, hosted on the Reddit social networking site. Each subreddit is for a specific topic and is written as /r/, followed by the name of the community or topic – for example, /r/wallstreetbets.
The reason for this subreddit’s reputation for disseminating and encouraging aggressive trading strategies is the community’s focus on highly speculative leveraged options trading. Sabreddit members are young retail traders and investors who tend not to adhere to many traditional practices, such as risk management techniques. There has also been a recent trend of the rise of commission-free brokers and mobile online trading platforms that are fostering this new online trading culture.
Members of these communities often view high-risk day trading as an opportunity to quickly improve their financial situation. Keep in mind that some members resort to using borrowed capital to bet on the stock memes gaining popularity in the community. Among the community’s most famous slang expressions are the use of “stonks” instead of stocks and “tendies” to refer to profits or winnings.