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Day Trading GME AMC Meme Stocks - YouTube
Channel: Humbled Trader
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this whole meme stock movement started
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out with gamestop have a lot more
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significance than just the surface level
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monetary gains
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right now in the current uncertain
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market environment in 2022 with stock
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selling off high inflation and rising
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interest rates
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i cannot be the only retail trader and
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investor thinking man can we just bring
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back all the hype we had in 2021 it's
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difficult not to reminisce about all the
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crazy momentum runs like gamestop amc
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and many many other retail favorites i
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have never been so excited to wake up at
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4 00 am pacific time every single
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morning and run straight to my computer
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to get the ball rolling so i must say
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here make meme stocks great again
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while the retail hype seems to have died
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down significantly in 2022
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let's not forget the impact the stocks
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at gamestop and amc have a hat on the
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entire stock market and on many retail
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investors bank accounts in this video we
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are taking a leisurely walk down the
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memory lane and taking a look at the
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aftermath of the wall street bets
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movement and how meme stocks have
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forever changed the stock market as
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somebody who's been day trading for more
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than seven years now i can tell you this
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while history doesn't repeat itself
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exactly the same it often rhymes so the
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next time around another stock might get
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hype comes around you can be even more
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prepared to profit and be prepared to
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smash the like button to make the stock
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market great again
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i really appreciate all of your support
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and it definitely helps a lot with this
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channel and sponsoring all the bad jokes
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to start discussing this topic we must
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first understand what exactly is a meme
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stock
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well we know the word meme to mean
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something funny on the internet it
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originally came as a term used in
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evolutionary biology science who would
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have guessed
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in short richard dawkins in 1976 in
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talking about how people pass on their
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genes needed a word to describe not
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passing on genetic material but instead
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passing on an idea he was going to use
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the greek word for imitation called my
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meme but he wanted something shorter
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that reminded people of the word gene so
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he decided putting on the two words
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together to become mean
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now in modern day most of us know the
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word meme known as something funny
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humorous or video that was found on the
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internet usually some on social media
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like facebook twitter and what all the
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cool kids are using nowadays tick tock
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by the way please make sure to follow me
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on tech talk if you haven't done that
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already i just started posting a lot
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more videos there and that's how we
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ended up here with meme stocks a meme
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stock refers to shares of a company that
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have gained the code like following
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online and through social media
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platforms in this case specifically on
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reddit wall street beds people on the
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washi bed subreddit started out treating
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them as jokes and put money into these
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stocks or shall we call them stunks for
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fun and that's exactly what these og
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meme stocks like gamestop and amc were
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they were for fancy cakes however these
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meme stocks gained a huge following
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because they were essentially imitations
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or copies of what you would spend your
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money on in real life for example
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shopping and spending time at gamestop
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was nostalgic for many of the 80s and
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90s kids one over here with their
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pokemons nintendos and video game
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tradings and much like how we find memes
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to be funny a lot of people put their
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money invested in these stocks for fancy
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cakes but little did they know these
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stonks were about to change the stock
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market and pretty much change the world
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in mid-2020
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the youtuber persona keith gill aka
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roaring kitty aka deep effing value on
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reddit posted a research on wall street
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beds and subsequently a viral video
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showing how he thinks gamestop could
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potentially increase from five dollars
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to 50 dollars a share he explained that
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the stock had some of the highest short
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interest on wall street meaning that it
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was a stock with a lot of major hedge
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funds short selling it to the ground and
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milking every single cent out of this
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declining stock because they knew just
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like everyone else the gamestop was a
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dying company quick reminder for those
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who are not familiar with short selling
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when you shoot a stock you are betting
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that the stock prices are going to go
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lower because of the underlying
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company's business is failing
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essentially you are betting against the
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stock which is the reason big hedge fund
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specifically melvin capital was short
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selling gamestop because the companies
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still operated as a brick and mortar
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business in an age where internet-based
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shopping dominates the world deep effing
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value went on to describe a short
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squeeze scenario where all the hedge
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funds with the short positions on
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gamestop will need to cover their short
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positions if a short squeeze does occur
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which will mean their buying to cover
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will cause a massive rally in stock
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prices for many months no one took dfv's
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research on gamestop that seriously
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because come on who goes to the store to
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buy video games anymore everyone
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expected gamestop to head to the
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cemetery just like blockbuster
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and that's what gamestop looked like in
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2020 however as the gamestop stock price
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slowly crept up from 4 dollars to 10 and
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setting higher lows near the end of 2020
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as the stock had gained more and more
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following and washi bets remember many
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people started out thinking about this
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thesis and this stock as a joke but the
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prices don't lie
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more and more retail investors are drawn
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into this meme stock and guess what this
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meme was turning into a reality in
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january of 2021 the short squeeze that
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deep fm value said could happen
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actually happened gamestop shares
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erupted to nearly 500 a share amidst the
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frenzy of hedge funds covering their
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short positions and formal buyers buying
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the breakout straight to the moon what
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happened immediately during and after
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the gamestop short squeeze was some of
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the wildest times i've ever seen in a
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stock market and i've seen a lot over
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the last seven years with all the crazy
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short squeezes as you can see it's not
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an exaggeration to say these og meme
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stocks like gme change the stock market
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it also woke up many subsequent runs in
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other meme stocks like amc bbby and ok
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and the list just goes on and on while
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not every retail investor made money
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because as we all know many are still
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holding on to these meme stocks as they
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slowly declined at the end of 2021 and
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now 2022 and i personally know many
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people who are still holding on my
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ex-husband mike bagholder will be one of
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those people however this whole meme
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stock movement started out with gamestop
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have a lot more significance than just
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the surface level monetary gains there's
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always been this division in the stock
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market between the big dogs and the
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retail investors the big dogs are the
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hedge funds and the market makers that
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have billions of dollars they have so
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much power on wall street that they
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could manipulate the market and make it
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do whatever they wanted to do with a
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naked short selling the activists
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investing coordinating prs and the list
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just goes on and on because they have
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the monopoly or close to in a stock
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market
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the retail investors are like you and me
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we don't work on wall street in some
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high-rise offices for some fancy
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financial firms we are at home trying to
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carve out a life for ourselves and most
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of us study invest in trade in a stock
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market part-time and often we are
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subject to market manipulation and lost
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some of our money when the big dogs
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bully their way around we are often
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known as the chumps in the room with
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this meme stock movement so began this
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kind of david and goliath story the
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subreddit wall street bet rallied the
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little guys across the globe and wanted
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to stick it to the big dogs the goliaths
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in the stock market and none of the big
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dogs thought this was going to work
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nobody took retail investing and trading
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seriously until after the game stopped
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short squeeze even citron research often
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known for the profits like bearish
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predictions in the stock market quickly
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dismissed this movement and called these
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little guys the suckers at this poker
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game instead what happened is that
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gamestop started surging as a little
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guys the retail investors started to
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pile on shares of gme in an attempt to
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make the hedge funds cover their short
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position these retail investors and
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traders they were doubling quadrupling
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their positions by the day enchanting
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diamond hands and making it rain
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attendees
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man they make my reigning lamborghini
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jokes shy in comparison i gotta give it
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to these people i'll pick fried chicken
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over my imaginary lambos any day what
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transpired really changed the stock
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market forever and here is the aftermath
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of the retail movement well citron
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research the short-selling oracle of
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wall street shut down its short-selling
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publications online as a result of the
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aggregated losses from gamestop short
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melvin capital one of the most elite
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hedge funds had to be bailed out by two
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other firms however i know what the real
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million dollar question is here have
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retail traders taken over wall street
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unfortunately no far from it the big
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dogs they'll sit in the doghouse high up
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there on wall street but what did happen
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is that wall street learned it could no
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longer afford to dismiss retail traders
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and investors as the buzzing fly in the
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room they should learn some expensive
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lessons and there is strength in numbers
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and persistence the original washi bed
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subreddit had more than quadrupled in
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size from less than 2 million prior to
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2020 to over 11 million now retail
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traders and investors have forever
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solidified their place on wall street
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and are now recognized as a force to be
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reckoned with as for the meme stocks
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where are they now one year later
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well sadly they are in the toilet where
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most of their fundamentals truly belong
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but many stock prices are still a lot
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higher than they were before the
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movement thanks to the diamond hand
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investors even though gamestop stock
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price had dropped quite far from 500
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it's still 900 percentage points higher
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than before its rally
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as for amc it had a high of 75
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and it's now settling down around 15
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as we speak which is still over 500
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percent since the beginning of 2021.
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most people saw this time period as a
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revolution and that's exactly what it
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was a movement a statement that retail
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will not be ignored anymore however this
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movement should not be taken as good
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financial advice let's keep in mind that
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gamestop and amc rallies was just part
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of a movement and diamond handing is not
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real trading nor investing
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while the hoping and holding strategy
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worked for a short period of time it's
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not a repeatable strategy day after day
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and year after year for professional
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traders if you would like to see these
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momentum stocks make a comeback in 2022
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remember to smash the like button to
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make these meme stocks great again
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hopefully you really enjoyed this brief
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summary of the wall street bets movement
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and the aftermath one year later thank
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you guys so much for watching as always
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i'm the humble trader and i'll see you
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guys next time
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[Music]
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[Applause]
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[Music]
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you
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