What Is WallStreetBets (WSB)?
WE SEEK ALPHA AND MASTER BETA!!!!11 La-li-lu-le-lo. Are funds SAFU or SNAFU? Is Bitcoin your safeword?
Here is the tl;dr of the $GAMESTONK 2 STRONK SQUEEZE - When your broker is as reliable as a Cyberpunk 2077 launch day patch, does the GAME have to STOP? #cwutididthere
R/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its profane nature, aggressive trading strategies, and role in the 2021 GameStop short squeeze.
The subreddit, describing itself through the tagline "Like 4chan found a Bloomberg terminal", is known for its aggressive trading strategies, which primarily revolve around highly speculative, leveraged options trading. Members of the subreddit are often young retail traders and investors who ignore fundamental investment practices and risk management techniques, so their activity is considered gambling. The growing popularity of no-commission brokers and mobile online trading has potentially contributed to the growth of such trading trends. Members of the communities often see high-risk day trading as an opportunity to quickly improve their financial conditions and obtain additional income. Some of the members tend to use borrowed capital, like student loans, to bet on certain "meme stocks" that show popularity within the community.
The subreddit is also known for its profane and juvenile nature, with members often referring to themselves as "autists" and "degenerates."