You may have also seen вЂњtendiesвЂќ being used quite a bit, and tendies refer to the profits a trader makes off a stock. This is a person was suffering a pretty massive loss, and this is what would be referred to as a вЂњbagholder.вЂќ In the WSB's forum somebody said, вЂњGlad I found a WSB, I like the stock, and all of you guys and I donвЂ™t mind being the bagholder now or in the end.вЂќ In other words, theyвЂ™re left holding the bag.

Now, another popular term being thrown around is вЂњbagholder.вЂќ What are bagholders here? Bagholders are traders who have taken a heavy loss in a stock. I thought that being 51 years old made me apart of Gen X, but I guess boomer has become more of a generic term for anyone over 40 or so, at least in the WallStreetBets forums. Now, we are talking again about boomers and a вЂњboomerвЂќ is what the WallStreetBets crowd used to describe an older person. The term вЂњnewbieвЂќ is an easy one, and it refers to a rookie trader who is new to trading. Now on WallStreetBets, it is used as a more general term for stocks that they might be trading. Now, вЂњstonksвЂќ started as a meme a few years back and was used in reaction to what others thought were bad trading stock choices. This is why I want to show you the ten most common terms that youвЂ™ll see on this forum, and IвЂ™ll explain to you what they mean. You might have been peeking into the WallStreetBets forum to see whatвЂ™s going on, and you may have been confused by all the terms theyвЂ™re using. Now back to why IвЂ™m writing this article. Robinhood, for example, was only allowing traders to buy 20 shares of ( GME ). Wow! It went from around $40 all the way up to $418, but then the stock went down, mainly because of the extreme limitations that online brokers put on the stock. Now the most famous being talked about is ( GME ) which is GameStop. Now, ultimately, these short-sellers are the ones who are mocking the small account traders, had to close their positions at a massive, massive loss. They decided to go after hedge funds, especially short-sellers, and chose a few heavily shorted stocks as targets and drove prices up. ThatвЂ™s up from around 2 million at the beginning of the week. You see, WallStreetBets is a popular forum on Reddit with millions of followers.ДЄt the time of this writing, they have now about 8.2 million followers. Now, before I do this, letвЂ™s take a minute to recap whatвЂ™s been going on. I mean, theyвЂ™re using terms like вЂњtendies,вЂќ вЂњYOLO,вЂќ and вЂњboomers.вЂќ So today I want to help you and me to cut through the noise and define some of the terms that you might be seeing on WallStreetBets if youвЂ™ve been going to this forum. Most of it has been in the hands of the WallStreetBets crowd, and itвЂ™s really easy to get overwhelmed with what exactly these folks are saying on the WallStreetBets forum. There has been insane volatility and volume on stocks like GME, AMC, BB, and then recently Silver. The Boomers, The Gen X, & well, basically everybody above 40. I wanted to do a special episode today thatвЂ™s for us, the older people. The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically. They start trading and realize it doesnвЂ™t work this way. I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails. IвЂ™m Markus Heitkoetter and IвЂ™ve been an active trader for over 20 years.

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