Fortitude in continuing to hold an extremely risky financial position. This fortitude may take the form of either refusing to sell a badly losing position (waiting for it to recover while risking even larger losses), or refusing to sell a highly profitable position (waiting for even greater gains while risking the loss of earlier gains).
I sold my bitcoins when they went from $250 to $2500, but my brother has diamond hands, he held his bitcoins until they hit $10k.
by ruapirate March 15, 2020
by GameStonks January 29, 2021
A delusion self-congratulatory label for someone who has not idea when to buy and especially when to sell a stock. Supposedly one who refuses to sell despite temporary downturns and marginal gains to hold on long enough to hit the big win and attain fantasy stock-picker-genius status. But, in reality, has no clue how trading or investing actually works and squanders the meagre life-savings accumulated from their $35,000 a year loser job, pawning their electric guitar, and stealing money from their mother's top dresser drawer.
Ed: So, you gonna sell the Game Stop shares now? Doubling your money to $10,000 in three days is pretty cool!
Norton: No way, man, I got diamond hands, I'm holding on all the way to the top!
Ed: So, now that it's crashed what are you gonna do?
Norton: I still got $350 in my account, I'm holding on till GME hits $1,000 per share. Diamond Hands, bitches!
Ed: NO, you cannot sleep on my floor.
Norton: No way, man, I got diamond hands, I'm holding on all the way to the top!
Ed: So, now that it's crashed what are you gonna do?
Norton: I still got $350 in my account, I'm holding on till GME hits $1,000 per share. Diamond Hands, bitches!
Ed: NO, you cannot sleep on my floor.
by MediumRare February 5, 2021
Occurs when you're bag-holding SPY $200 Puts , but the stock market is hitting new all time highs. However, instead of cutting your losses you choose to hold onto your highly unprofitable trade until the options expire worthless and you lose everything.
I bought all these put options right after the market crashed. I just didn't expect Jerome Powell to hit the money *brrrrrrrrrrr* printer so hard. Oh well, I'm going to Diamond Hands these options all the way down.
by WSB_GOD June 15, 2020
A gorilla that holds a stock through its ups and downs all the way to its peak Ie: $1 million then sells on the way down.
I have diamond hands, been holding for two months! Bitch you still paper, ride to AMC & GME to the peak, then hold and sell on the way down! That’s a true diamond hand!
by Nimbus_2021 May 1, 2021