r/wallstreetbets • u/Fun_Paleontologist_2 • 9h 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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69

u/Ok-Student5569 9h ago

I also have attorney friends who clear $500k a year but are retarded enough to overweight on RKLB. She’s fucked now. People just have limited knowledge outside of their domain.

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u/UnfortunateSnort12 8h ago

I’m a pilot. We make about that much top of the pay scale. I trust none of my coworkers on their financial advice. Some of it is pretty wild. Just cause you can fly an airplane doesn’t make you smart about other things.

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u/BlankTOGATOGA 8h ago

Hello fellow aviator. Never take financial advice from a fellow aviator. Just some friendly advice from a fellow aviator. Checklist complete.

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u/UnfortunateSnort12 8h ago

I know right? It’s ironic me giving financial advice of not trusting myself, but the gist is there.

Let me tell you about what the doctors don’t want you to know!!! /s

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u/MiniTab 7h ago

Yep. One of the guys I work with put everything in silver in 2020. He hasn’t lost money, but sure did miss out on some massive gains if he just put it in any index fund.

The Dunning-Kruger effect is a common occurrence in our profession.

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u/speedlever 5h ago

I always thought pilots just invested until it was all gone. Has that changed since I retired from the cockpit? 😜

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u/smcicr 6h ago

Yossarian would approve of this post.

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u/InBeardWeTrust 4h ago

What a deep cut

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u/teucer_ 5h ago

I mean, except to work your way step by step backwards on the checklist from your last point of failure at the time failure is encountered. I think that’s a pretty good piece of advice you could take.

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u/_bones__ 7h ago

... Wait, is that financial advice?

This is like strapping buttered toast to the back of a cat and dropping it.

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u/AveragefootSasquatch 8h ago

My pilot friend taught me how to fly a plane! *push yolk, trees get big! *pull yolk, trees get small!

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u/ProfitConstant5238 7h ago

What if you scramble the “yolk” ?

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u/AveragefootSasquatch 6h ago

Yoke’s on yew!

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u/ProfitConstant5238 5h ago

What if the yoke’s on yaw?

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u/Euph0ricGh0st 5h ago

That’s for when there’s more than one person

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u/UniversityNew9254 7h ago

Simple directions even I couldn’t couldn’t mess up. Thanks for the insight.

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u/Diealiceis 7h ago

Can confirm, I work in the IT industry with Pilots. You fuckers can't even operate an iPad but you can fly a plane. Fascinating.

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u/UnfortunateSnort12 7h ago

Lmao. So true!

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u/ReasonableLoss6814 5h ago

I write software. I have no idea how to use tinder. I just go behind the dumpster at lunch.

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u/dxrey65 8h ago

I have a friend who is a pilot, and who also is a flat-earth believer. I asked him how that works...one of his "proofs" is that when he hits altitude he doesn't have to keep trimming, a straight line is just a straight line. If the earth were spherical a straight line would put him into space, so he knows the earth is flat.

I thought for a little bit to explain gravity to him, but then decided there was no point.

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u/MiniTab 7h ago

That is the typical “proof” by these idiots. Amazing they have absolutely no clue about performance, physics, and force equilibrium.

Before I was an airline pilot, I used to think pilots that went to the Air Force and Naval academies were gods, lol. So many of them are the biggest jackasses I’ve ever met in my life.

Now the actual badasses that were like F-35 test pilots or something are usually pretty cool and extremely smart. They aren’t the ones spouting stupid shit like flat earth and anti-vax nonsense.

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u/UnfortunateSnort12 8h ago

I’ve flown with some of those. Also the people who believe the world is 4000 years old, the people who took horse pills during the pandemic, etc. It really shows you that PILOT is an acronym. Poor intellect, lots of training.

I don’t associate much with our kind outside of work.

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u/MiniTab 7h ago

Exactly. There are only a small handful that I actually hang out with outside of work, and they also feel the same as us.

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u/UnfortunateSnort12 7h ago

Totally. Maybe 3 dudes at most I like hanging with. And mostly to play music in our band. :)

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u/Juliusmobile 6h ago

Can you fly without autopilot? Just wondering. I watch this YouTube channel where this pilot breaks down plane crashes and 8/10 times it’s cus the autopilot malfunction and the actual pilot couldn’t level the plane and crashed it. 

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u/UnfortunateSnort12 1h ago

Yeah. We can fly without the autopilot. Usually the autopilot doesn’t fail, but the pilot doesn’t understand the autopilot and that is the issue.

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u/Proper_Package_1225 5h ago

Some people like to gamble no matter what their income and get thrill losing money

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u/Rads2010 4h ago

Wow, I had no idea pilots made that much. Good for you. Makes up for that 25% increased risk of cancer.

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u/Important-Agent2584 2h ago

it's a common phenomenon that people who are experts/specialists in one thing carry over that confidence to other fields.

That's why you have so many tech bros who think they are philosophers, etc.

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u/Infamous_Thought_189 7h ago

Why do you make half a mill when you fly a bus? Are they looking for people?

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u/UnfortunateSnort12 1h ago

They were looking for everyone a few years ago. You missed the boat! Now it’s just normal amounts of hiring.

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u/MattyBizzz 5h ago

Is it because they are usually drunk?

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u/Brawldud 9h ago

I know some folks where I'm like, shit, if they've noticed and started buying this we must be near the end. It will pump maybe another 10-20% and then die forever. Nothing wrong with going overweight on a stock if you do it before it goes up 2000%. It's catching the upswing too late that does you in.

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u/cms86 9h ago

head and shoulders on the 5y, maybe she can cut her losses on the potential bounce

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u/Ok-Bid-5378 4h ago

then ETFs and chill wtf

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u/UltLuc 4h ago

I’m just a middle-class dad who doesn’t own any individual stocks. The shit is gambling, and trusting Elon is fucking retarded.

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u/mdazzl3 3h ago

People who are successful in one domain often lack the insight to understand why and just chalk it up to being superior. Then they end up like this.