![]() Similarly, locking in gains after a 25% return on your investment isn’t exactly stupid if you feel as though the stock in question has reached your target price and you can see opportunities elsewhere.ĭo your own research and make your own decisions. With their 34 ETH floor, Bored Apes definitely mooned. Selling a risky penny stock that is falling off a cliff isn’t the same thing as selling your shares in Apple because the price dropped by 5%. It means to hit that ever-elusive valuation for an NFT that everyone hopes for. The idea here is that people will be less likely to sell if you accuse them of being cowards. Traders will sometimes use this phrase to insult others who are “taking profits” or bailing on a stock that is struggling. Supposedly one who refuses to sell despite temporary downturns and marginal gains to hold on long enough to hit the big win and attain fantasy stock-picker-genius status. The problem with this is that they end up missing out on even bigger gains. diamond hands A delusion self-congratulatory label for someone who has not idea when to buy and especially when to sell a stock. Someone with paper hands will also sell at the first sign of a measly profit. All because he panicked and decided to sell. Johnny Paper Hands has basically given $60 away for nothing. Two days later, the price of Apple stock recovers. And in some cases, they are gamblers who inevitably. Essentially, people with diamond hands are risk takers. When posted together, the diamond emoji and the hands emoji mean diamond hands. As a result, Johnny panics and sells, even though Apple is a successful company with strong fundamentals and a bright future. On Reddit, Twitter and Stocktwits, users will sometimes post the diamond emoji and the hands emoji together instead of actually typing out the phrase. The following day, the market has a “down day” and his shares lose 6% of their value. Johnny Paper Hands buys $1,000 worth of Apple stock. In other words, a person with paper hands has such a low appetite for risk that they end up losing money and missing out on “gains”. This is also known as having “weak hands”. They are also more likely to sell as soon as their investment turns green or breaks even. Just make sure that you’ll be OK if things go pear-shaped and you lose all of it.Ī stock trader with paper hands will sell at the first sign of trouble. If you want to YOLO $1,000, then fair enough. In this crazy market where stocks only go up, a lot of people seem to have forgotten that the word “risk” means exposure to danger. We and our partners store and/or access information on a device, such as cookies and process personal data, such as unique identifiers and standard information sent by a device for personalised ads and content. And in some cases, they are gamblers who inevitably end up wiping out a large chunk of their investment account.įor every story of a diamond-handed trader that made it big, there are dozens of stories about people who lost almost everything because of greed.Īlthough high risk can bring a high reward, it can also leave you with nothing. Ask your Diamond Hands: To The Moon question for PC and get answers from real gamers. ![]() ![]() When posted together, the diamond emoji and the hands emoji mean “diamond hands”.Įssentially, people with diamond hands are risk takers.
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