How This Redditor Made $46M With GameStop – And Sparked a Revolution Along the Way
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The trader known as DeepFuckingValue on Reddit’s WallStreetBets forum has become the face of a movement standing up against Wall Street hedge funds.
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Keith Gill is probably best known by his online pseudonyms,
Roaring Kitty
on YouTube and
DeepFuckingValue
on Reddit.
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GameStop operated thousands of retail stores that bought and sold games and gaming equipment.
GameStop – The Next BlockBuster?
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Keith embraced his role as a contrarian value investor and began posting monthly screenshots of his GameStop trading account.
YOLO
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Without getting into too much technical detail, shorting a stock involves “borrowing” shares of the stock and selling them in the hopes of buying them back.
The Short Squeeze
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At the end of September, he owned 10,000 shares of GameStop stock and another 5,000 long call options worth over $1.3 million.
Keith Gill’s First $1 Million Net Worth in GameStop
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By early January 2021, what started as a value play by one investor on WallStreetBets had become a rallying cry to millions of followers.
GameStop Reddit Mania
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