To hold a stock through losses
This guy's been holding the stock for six months now. Six months! He's got the diamondest of diamond hands.
|Paper hands||To sell a stock at the first sign of trouble|
|YOLO||You only live once|
|Stonks||Questionable or meaningless financial gains|
|ROI||Return on investment|
|Bagholder||A person who fails to sell a stock before it crashes|
|Retail investor||Individual, non-professional investor|
Among the users of Reddit's r/WallStreetBets subreddit, investors who hold a stock through losses are referred to as diamond hands. Sometimes, these investors hold a stock because they genuinely believe the stock is undervalued and its price will bounce back. Other times, diamond hands hold a stock because YOLO, and they don't care whether they lose all their money to market swings.
While investors with diamond hands are praised as courageous on r/WallStreetBets, those with paper hands are derided as cowardly. Both labels, however, are often applied semi-ironically. Most investors, even the bros on the r/WallStreetBets subreddit, understand that investors have to buy, hold, and sell at the time that feels right to them.
Diamond hands, paper hands, tendies, and other r/WallStreetBets slang entered the public lexicon during early 2021's epic GameStop stock rollercoaster ride. Diamond hands held their stock through the event, while paper hands cashed out early (sometimes, at a loss).