It’s a popular backchannel filled with many of the same characters. Joining the /r/wallstreetbets Discord server is valuable for anybody looking to add another dimension to their Reddit experience. Speed of information is a key ingredient to successful trading and enables traders can take on big money investors more effectively. With Discord’s communication capabilities, the WSB community can chat in real time and make much faster decisions. Now it has an active Discord server with over 550,000 members. Of course, the original r/WallStreetBets Discord server was swiftly banned in January 2021. The thread instantly gained notoriety and grew to over 10 million self-proclaimed “Degenerates.” As time went on, wallstreetbets and DeepEffingValue became the poster children for the individual retail trader revolution. User DeepEffingValue notably netted an eight-digit gain from his early investment in highlighted short squeeze darling Gamestop ( GME). Walllstreetbets is the infamous Reddit investor community that initiated a memestonk revolution in the 2020s. Here are some top discord servers for day traders to monitor. Discord is an ideal place to build a community with common interests and goals, and that’s what makes it so efficient for trading. The company’s bots also play a large part in why community moderators love it, along with seamless integration with Twitch and YouTube communities.ĭiscord’s most recent purchase of AI company Sentropy shows its dedication to monitoring and managing harassment and trolls on the platform. Users can share their screens, do group watch-alongs, create public Stages, and more. There are over 140 million active monthly users on Discord, with the pandemic lockdowns driving adoption in a big way. Cryptocurrency and investment communities were among the first to blossom on the platform. It’s an ideal place for gamers to organize group activities and communicate without the need of in-game features.Īnd now that it’s a part of the gaming conversation, the company is now pushing to expand into other communities. Online groups used the platform’s servers for VoIP group chat and instant messaging. Why is Discord becoming a breeding ground for day traders and long-term investors alike to organize? Why Use Discord for Investment Info?ĭiscord was created in 2015 and grew steadily in the gaming community. And these retail investors aren’t stopping at Reddit – online forums like Discord and Telegraph are increasingly being used. Over 10 million new brokerage accounts were opened in the first half of 2021 as frenzy grew over GameStop Corp ( NYSE:GME ) and AMC Entertainment Holdings Inc ( NYSE:AMC ).īy June, these individual investors bought almost $28 billion in stocks and exchange-traded funds. The hype picked up as congressional hearings targeted Robinhood and others over possible price manipulation. Traders piled into heavily shorted stocks to squeeze out big hedge funds, creating a Cinderella story. Reddit got a lot of media attention when its horde of retail day traders collectively organized to take on big money funds.
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