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r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
Day trading became a social media sensation in 2021, when young investors took to Reddit, WhatsApp and other platforms hoping to get rich quick on speculative meme stocks like GameStop and AMC.
GME Short Squeeze weekly chart in 2021 where price squeezed over %1,000 in 2021 providing numerous day trading opportunities.. Before 1975, stockbrokerage commissions in the United States were fixed at 1% of the amount of the trade, i.e. to purchase $10,000 worth of stock cost the buyer $100 in commissions and same 1% to sell and traders had to make over 2% to cover their costs, which was not ...
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
In order to make $1,000 a day by day trading, you have to have a lot of money — or margin — to start with. Rare (if not extinct) is the stock that doubles its price in a single day.
Interest in meme stocks started in 2020, [4] in what the U.S. Securities and Exchange Commission has called a "meme stock phenomenon". [12] The stock of American video game retailer GameStop has been one of the most popular meme stocks, [13] [14] with mass purchases of the stock leading to a short squeeze on GameStop in early 2021. [5]