The stock market can be a cold place. Most people outside of the stock market view trading as gambling, or as something that could only help the rich get richer. When you succeed, “you got lucky”, and when you fail, “well did you know 90% of day traders fail!” (A trope beginning in the 90’s that has been repeatedly disproven).
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And if you’re trading meme stocks — forget it. The level of dismissal from people who “know what they’re talking about” is absurd. Hedge fund managers who deploy thousands of analysts just to scrape for 3% year gains will balk at the gains you’ve achieved from holding shares of a company you believe in. That’s how we get articles like this one:
The writer goes on to reference how other bubbles, like the supposed “bowling stock bubble of the 1960’s,” did lead to good and “help” people…
More bowling alleys? Thank god.
But not the meme stock rally. The article wraps up with this assertion:
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Rather than picking apart the argument on display in this article, we’re going to take the positive route. Here are 8 times that meme stock investors and retail traders used their gains for good or made a lasting impact in someone’s life (even their own). (All images sourced from r/WallStreetBets)
8 Times Retail Traders Did Something Amazing
“Unlike other bubbles, meme-stock mania didn’t really help anyone.”
2. $RKT Trader Uses 6-Figure Gains to Afford Wedding
3. Trader Pays Off House With Short-Squeeze Gains
4. Trader Celebrates the Birth of his Second Child With 6-Figure Profits
5. Gamestop Meme’ster Uses Profit to Pay Off Student Loans
6. GME Trader Donates $5,000 to Children’s Hospital
7. GameStop Trader Donates Table Full of Consoles and Games to the Children’s Hospital of Atlanta
8. Apes Together Strong — “Apes” Donate Thousands to the Dian Fossey Gorilla Fund
Donations to Dian Fossey Gorilla Fund Reach $77K
Conclusion: Meme Stocks Did Help People, After All
Looking back on the short squeeze trades from yesteryear, it’s clear — doing the right thing just feels good. Meme stocks clearly helped many people to pull themselves and others out of a hard spot — whether we’re talking about a 4-figure donation to a food bank, or a table full of brand new consoles for a children’s hospital, or the largest quantity of individual donations in the Dian Fossey Fund’s history.
After all, many people who traded GME during its heyday weren’t just blindly following trends. They were simply traders who took a calculated risk, and it paid off.
Did you know: Days before GME began its first meteoric rise, Jon Najarian publicly announced that he saw unusual bullish call buying in the stock.
Curious how you can get in on the next short squeeze trade or meme stock miracle before the rest of the market? Check out Unusual Option Activity to get started today.
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