What Is Wallstreetbets (WSB)?
Wallstreetbets, also referred to as /r/wallstreetbets or WSB, is a subreddit dedicated to discussions surrounding stock and options trading.
A subreddit is a specific online community hosted on the social media platform Reddit. Each subreddit focuses on a particular topic and is written as /r/ followed by the community or topic name, such as /r/wallstreetbets.
WSB gained popularity due to its utilization of slangs, memes, and reputation for aggressive trading strategies. The community played a significant role in the GameStop short squeeze, which led to substantial losses for various companies and short sellers in early 2021.
The subreddit is renowned for promoting and circulating aggressive trading strategies, particularly in highly speculative and leveraged options trading. Its members consist of young retail traders and investors who often deviate from conventional practices, including risk management methods. The emergence of no-commission brokers and mobile online trading platforms has further fueled this new online trading culture.
Many members of these communities perceive high-risk day trading as an opportunity to swiftly enhance their financial situation. It’s important to note that some members even utilize borrowed capital to speculate on meme stocks that gain popularity within the community.
Some of the well-known slang used in the community includes replacing “stocks” with “stonks” and referring to gains or profits as “tendies.”