#DiamondHands
r/WallStreetBets slang for holding stocks through volatility, refusing to sell despite losses.
Quick Facts
- Origin: r/WallStreetBets community
- Peak Usage: January 28, 2021 (GameStop peak)
- Opposite: “Paper hands” (selling early)
Historical Context
The r/WallStreetBets slang term for investors who hold stocks or crypto through volatility, refusing to sell despite losses. The opposite of “paper hands” (those who sell at the first sign of trouble), diamond hands became a badge of honor during the GameStop and meme stock frenzy of early 2021.
The hashtag and 💎🙌 emoji represented conviction, community solidarity, and sometimes stubborn refusal to accept losses. It embodied the retail investor rebellion philosophy: hold the line, don’t let hedge funds win, apes together strong. The term spread beyond WallStreetBets to all retail investing communities.
Cultural Impact
- Created new investment terminology
- Represented retail vs. institutional investors
- Badge of honor in meme stock communities
- Mixture of conviction and stubbornness
Related Hashtags
- #WallStreetBets
- #GME
- #HODL
- #Stonks