You've most likely heard of the recent GME price surge that captured headlines. Keith Gill, known online as Roaring Kitty, is largely credited for spiking the GameStop surge in late 2020. Recently, GameStop (GME) shares surged almost 50% as 'Roaring Kitty' teased a live stream. Keith Gill's return to social media has sparked rallies in meme stocks, making him a significant figure in the stock market world. Let's explore who Roaring Kitty is, why he became popular, and how his actions influenced the GameStop stock surge.
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Who is Roaring Kitty - The person behind GameStop's price surge?
History of Roaring Kitty - why did he become popular?
Keith Gill is a former financial analyst who gained widespread attention for his role in the GameStop price surge in late 2020. Online, he is known as Roaring Kitty on his YouTube channel and DeepF***ingValue on Reddit. Gill developed a keen interest in investing and identified GameStop as a significantly undervalued stock.
GameStop stock surge due to Roaring Kitty Reddit post
In 2019, Gill invested $53,000 in GameStop shares, convinced of its potential. He shared his analysis and belief in GameStop's value on social media, using his Roaring Kitty persona on Twitter (now X) and Reddit. His detailed posts and videos attracted a large following, inspiring many retail investors to buy GameStop shares.
Gill's conviction and the community's enthusiasm contributed to the dramatic surge in GameStop's stock price. At the peak of the frenzy, his initial investment ballooned to a staggering $48 million.
After the intense media spotlight and public scrutiny, Gill retreated from public life in 2021. However, he made a notable return to social media in 2024, reigniting interest in meme stocks and once again making headlines.
Disclaimer: Investing in stocks, especially meme stocks, carries significant risks. The information shared by Keith Gill (Roaring Kitty) and other investors should not be taken as financial advice. Market movements can be unpredictable, and past performance is not indicative of future results. Always conduct your research and consider consulting a financial advisor before making investment decisions.
How to trade GameStop (GME.US) stock online - steps
Before you learn how to trade GME stocks online, it's crucial to understand what CFDs are and why they make your trading much easier.
What are CFDs?
Contracts for Difference (CFDs) are financial derivatives allowing you to speculate on asset price movements like Silver price, Cocoa price, stocks and more without owning the underlying asset. Here's why they matter:
- Leverage: Amplify potential gains or losses with less capital.
- Flexibility: Profit or incur a loss in both rising and falling markets by going long or short.
- Diverse markets: Access a wide range of assets beyond stocks.
- Risk management: Use stop-loss and take-profit orders to manage risk.
- No ownership: Trade without owning the underlying asset, simplifying the process.
Steps to trade GME Stocks with CFDs on the Skilling trading platform
- Sign up and deposit: Register on Skilling and deposit funds.
- Research GME: Search for GME and analyze its performance using Skilling's charting tools and indicators.
- Place your trade: Buy or sell GME CFDs based on your analysis.
- Monitor and manage: Track your trade and adjust as needed.
- Close and withdraw: Close your trade and withdraw gains to your favorite payment method when ready.
Summary
Before diving into trading GME stocks, it’s important to note that trading involves risks, including potential losses. It's vital to understand the market, use risk management tools, and consider seeking advice from a financial advisor before trading GME or any other asset.
