Are you reading through Wallstreetbets Reddit Group or watching popular stock market TV show on CNCB? Member of crypto community? Well you have probably came across some strange acronyms (sleng) that stock and crypto market traders and investors like to use.
We have put together a list of most commonly used acronyms among stock and crypto market communities.
FOMO means FEAR OF MISSING OUT and refers to a feeling of anxiety that you are or you will miss out on a great opportunity to make money on a stocks like Tesla or Apple or on some crypto like Bitcoin. This feelings often lead to bad decisions and putting to much risk on your portfolio. Most of the time, the feeling is fake, this is why it is important to recognize this bad feelings and emotions, especially when trading stocks or cryptos.
YOLO means YOU ONLY LIVE ONCE and became famous in the stock and crypto community because of Wallstreetbets Reddit community members that use YOLO when entering risky and reckless trades. You wont live for ever, so why wouldn't you risk it all…this is what they say.
HODL means HOLD ON FOR DEAR LIFE is a typo for HOLD in terms of holding your investment and not selling it. The term originated from 2013 with the post to BITCOIN TALK FORUM, when price of Bitcoin was very volatile and not stable. User GameKyuubi is the author of this famous Wallstreetbets term (sleng).
JOMO means JOY OF MISSING OUT (opposite of FOMO), and it is often used by people that dont have cryptos in their portfolios and express their happiness for not being involved with volatile coins in times of prices falling or ICO scams being revealed.
BTD or BTFD meand BUY THE DIP or BUY THE FKN DIP. refers to buying more stocks or more cryptos when prices are falling.
Are you looking for gift ideas for stock and crypto market trader, investors and fans?
Other less famous:
DD means DUE DILIGENCE
FUD meand FEAR, UNCERTAINTY, DOUBT
FUDster means a person that spread FUD
ELI5 means explaining it like I am 5 years old
LAMBO means cryptocurrency sleng for getting rich, comes from Lamborghini
TLT means think LONG TERM
DYOR means DO YOUR OWN RESEARCH
NOOB is simple a NOOWBIE, a novice stock or crypto market trader or investor that lacks knowledge.
ATH means ALL TIME HIGH, this is when stock or some crypto hits highest price in its history.
ATL means ALL TIME LOW, this is when stock or some crypto hits lowest price in its history.
ICO means INITIAL COIN OFFERIN
ITO means INITIAL TOKEN OFFERING
MCAP mean MARKET CAPITALIZATION