Diamond Hands

What does it mean to have diamond hands?

To hold a stock through losses

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).

Example

"This guy's been holding the stock for six months now. Six months! He's got the diamondest of diamond hands."
A diamond-handed Redditor

A diamond-handed Redditor

Related Slang

Usage

Last Updated: February 11, 2021

Diamond hands definition

This page explains what the slang term "Diamond hands" means. The definition, example, and related terms listed above have been written and compiled by the Slangit team.

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