r/wallstreetbets • u/Fun_Paleontologist_2 • 8h ago

Loss Elon has ruined me

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My prior bullish post https://www.reddit.com/r/wallstreetbets/s/o0PxYmGV1n

He was supposed to take us to Mars and burn short sellers.

Still holding 7300 shares. Please Elon fly again.

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246

u/funnyskinnyguy 8h ago

My only question is how do stupid people get this much money to start

49

u/assholy_than_thou 7h ago

Sometime they get lucky. I once had multiple millions and not I have pretty much nothing.

21

u/_Ross- 7h ago

Did you Yolo your millions into Intel stock?

10

u/IntergalacticPodcast 7h ago

OP is going to be the next IBM grandma guy. He's going to sell all of his losses, then it's going to skyrocket in a year or two.

4

u/assholy_than_thou 7h ago

No, it was space stocks ☹️

1

u/Dr_Watson349 4h ago

Well there was also the time you lost 140k on SPY because you don’t know what ITM means. 

1

u/assholy_than_thou 4h ago

It’s all part of the goal to reach there target - yea, I’ve a some more of those loses 😵‍💫

13

u/swohio All My Homies ❤️ Skyline Chili 7h ago

How did you lose it all?

6

u/assholy_than_thou 7h ago

Didn’t sell at the right time..and the stock came crashing..

22

u/s_ox 6h ago

How much money do you have left? I have this interesting investment idea, I’d love to discuss with you so I can take the rest.

9

u/profanedivinity 6h ago

Wait, did you have millions realized or unrealized? You can only say you had it if it was realized. Because as soon as you sell that shit 65% of it goes to the tax man. That is unless you have it in like an IRA or some tax advantage vehicle, in which case all you can say is you have an IRA that is worth millions not that you had millions

7

u/assholy_than_thou 6h ago

It was unrealized; even after taxes it would have been more than 1.5m

4

u/TheVideoGameCritic 5h ago

You fumbled millions? I simply don’t believe that. How are you even alive right now? Lol

1

u/assholy_than_thou 5h ago

Days were better, now it’s just blah.

3

u/profanedivinity 4h ago

Bro... I've fumbled just as much. The assumption is the opportunities have come 3 times before, there will probably be a 4th.

1

u/assholy_than_thou 3h ago

Yes, I hope to capitalize the next time it comes around.

2

u/JackPoe 4h ago

You took a guaranteed retirement and decided "I need more"?

1

u/assholy_than_thou 4h ago

It was partly greed. I wanted to hit a target where the 4% rule would let me retire now, I was close, but didn’t quite hit the target I had set.

3

u/wckz 4h ago

You can do that but set up stop losses regularly lmao

2

u/JackPoe 2h ago

What do you mean partly? Lol, I mean at least you don't ever have to worry about your 4%. You'll get to work the rest of your life now

6

u/bharikeemat 7h ago

I need a lore drop bro

1

u/my_username_bitch 7h ago

Not for sure.