Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

From Losing $500k on a Trade To Making $7.5M+ 🔥

11 Aug 2023 · 1 min

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0:43

A first-person YouTube narrative by trader Kardec Trader recounting a major $500,000 public short-loss in 2020 and the subsequent turnaround: learning from that failure, overcoming ego and mental strain, and achieving a 2021 trading profit of $7.5 million. The clip emphasizes emotional resilience, preparation, and increased position sizing as keys to later success.

Questions this video answers

$500,000

2020

$7,500,000

2021

Chapters

Year after 2020. 2021, I had my biggest trading year, seven and a half million dollars. 2020. Before the pandemic or the market tanked. I shorted the market. I publicly shorted it. Hey, guys, I'm in half a million dollars. But long story short, I lost all the 500k. And you know, mentally, that that gets to. And it got to me. But from there, I learned the most valuable lesson of not allowing outside no's to, you know, alter my ego. Yes. At that current window of a period, it was a loss. Year after2020,2021, I had my biggest trading year, seven and a half million dollars. Right. So that came from that loss of preparation and me going through that and being ready to take bigger positions, being ready to take bigger size and trades and just the comfortability of other position.