An investor who is on the wrong side of a stock for an extended period of time, with the consistent belief that he or she is in fact correctly predicting its direction, despite strong evidence to the contrary. Typically, this person loses most or all of his or her money in the process.
The term comes from people in soup lines during the Great Depression, who held potato bags filled with their only possessions.
The term comes from people in soup lines during the Great Depression, who held potato bags filled with their only possessions.
"All the retail investors who bought priceline.com in early 2000 saw their investment value shrink 99% over the following year. They were the bag holders the smart traders unloaded their shares onto."
by Alex Koik-Cestone May 24, 2006
Get the bag holder mug.wife says to husband " will U be my bag holder tonight? BIG black african wants me & he doesn't like his balls to drag on the sheets " !!
husband says to wife "####@$%$@$!" this is the last time I always get STINK HAND !!!
husband says to wife "####@$%$@$!" this is the last time I always get STINK HAND !!!
by itichie_nocanpo September 7, 2006
Get the bag holder mug.Related Words
bag holder
• Merals Bagholder
• Bragholder
• bag
• Bag of Dicks
• bag head
• bag whore
• Bag Lady
• bag-o
• bag it
Noun. An investor, usually in the stock market, who's hanging on to his stock, which has plummeted appreciably.
Mo: "Kevin, did you dump that piece of shit stock yet?"
Kevin: "No, I forgot all about it. I closed my eyes for a second and when i woke up from my nap it was down 2 points."
Mo: "Oh man, you're a fukkin bagholder now. That shit's worthless. Why'd you listen to the pumptards?"
Kevin: "I know, I know. Ugh, I'm losin it...."
Kevin: "No, I forgot all about it. I closed my eyes for a second and when i woke up from my nap it was down 2 points."
Mo: "Oh man, you're a fukkin bagholder now. That shit's worthless. Why'd you listen to the pumptards?"
Kevin: "I know, I know. Ugh, I'm losin it...."
by stockman09 March 21, 2010
Get the bagholder mug.A bag holder is a trader who buys a certain stock at its peak cost. The trader believes that the stock will rebound and increase in value, so they keep on holding onto the stock. The stock will most likely never reach the price the trader bought it at so, the trader ends up losing money. This phrase became popular when some members of the subreddit r/wallstreetbets bought GME at $300 and AMC at $20. These certain members continue to talk about how their investments will rebound and even make them money even though this will never happen.
Jeff: Did you know that Jimmy bought GME at $300. He is still holding onto it. He thinks it will go to $1000
Greg: Damn, Jimmy is a bagholder.
Greg: Damn, Jimmy is a bagholder.
by Infernoflame May 12, 2021
Get the Bagholder mug.by Meral Lynch November 17, 2020
Get the Merals Bagholder mug.A person who is left behind when someone such as a parent, child or spouse leaves town unanownced and leaves behind unsettled responsibilities and/or debts.
Yeah I haven't heard from HER in a few days, I've heard a lot from her MOM and her BILL collectors, but not from her. It looks like I'm the bagholder.
by notsurewhyweneedthis December 30, 2010
Get the Bagholder mug.He was holding Bitcoin at a loss, claiming he hadn't lost any money until he sold and that he was buying all the dips, he was a bragholder
by Yakelo December 22, 2017
Get the Bragholder mug.