$GME and how roaring kitty made 50 million dollars using gamestop call options. Now the mother of all short squeeze might be here, as all of the meme stocks are going crazy.
Roaring Kitty has now returned in 2024, with tweets, reddit yolo updates on Superstonk, and as of June 6th 2024, has over half a billion dollars in GameStop shares and options. He is a genius, and might be a billionaire soon. This is the first half of his story, I will make another half describing the rest of his story.
This is like the netflix documentary Dumb Money, but its shorter and its free on YouTube. Netflix has created a dumb money documentary to show the impact of wallstreetbets and gamestop, the story of roaringkitty or keith gill and how he made so much money buying gamestop call options in january 2021. Dumb money gamestop documentary costs money, cause its on netflix called dumb money. However, this is a free gamestop documentary, which is just as efficient, if not better. I think you will enjoy it.
In this we delve into the extraordinary story of Keith Gill, known as RoaringKitty, who turned a daring $53,000 investment into a staggering $47.9 million through GameStop stocks. The video chronicles his journey from June 7th, 2019, highlighting his deep due diligence, strategic use of call options, and unwavering resolve amidst market fluctuations. We explore the concept of short selling, its risks, and the ensuing short squeeze that rocketed GameStop's stock value. All of which involved the popular stock market trading sub reddit, wallstreetbets. A group of traders who essentially bet on what stocks will go up and down in value, by using call and put stock options. They want to make a lot of money, and they were a key factor in turning gamestop stock into what it became.
Additionally, my channel is relatively new, I want to focus on creating more financial documentaries. I am heavily inspired by the style of James Jani and Billionaire Bears. Both of those channel have done something unique, and my videos might have hints of their video style. Not just James Jani and Billionaire Bears, but also other channels might have small impacts on my channel not related to finance/education. Such as Johnny Harris, CNBC, Vox, and Magnates Media. Some channels focus more on crypto/stocks, while other focus on all things finance like James Jani. Overall, I have started a patreon, as inspired by Coffeezilla and Billionaire Bears, because I can think it would help me create more high quality content. I doubt you read this whole thing, but in short I am inspired by James Jani, Billionaire Bears, and Coffeezilla, in their videos where they discuss crypto, stocks, and other finance news in high quality.
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Chapters:
0:00 The Stock
1:00 Due Diligence
3:03 The Play
4:38 100% Gains
6:52 WallStreetBets
7:45 The Squeeze
Welcome to our channel, where we delve into the dynamic and ever-evolving world of finance and stock markets. Our content is crafted for those curious about the intricacies of the financial world, offering insightful video essays that explore the compelling stories behind stocks, crypto, and big tech. We shed light on the strategies of billionaires, the movements in the stock market, and the latest trends in business and investment. Our aim is to provide you with a deeper understanding of the financial landscape, helping you to navigate the complexities of investing and business with ease.
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