Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

I lost $900,000 in my trading...

14 Jan 2024 · 0 min

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A YouTube video by Kardec Trader (uploaded Jan 14, 2024) in which the speaker recounts a major trading loss in 2020: roughly $500,000 of cash losses plus about $400,000 unrealized (about $900,000 total). The speaker emphasizes public transparency—announcing positions publicly, admitting mistakes when wrong—and argues that showing both wins and losses gives a more truthful picture of trading.

Questions this video answers

2020.

About $500,000 ("a half million").

About $400,000 unrealized.

Approximately $900,000.

People see, like, hey, like in 2020, I've had my biggest loss, which was about a half million of my cash and 400k unrealized, which is about 900k of realized unrealized. And when I took the position, I publicly announced it, and when I lost, I publicly showcase, hey, I was wrong. And it does still hurt when you lose money. But I think showing people the real raw truth of trading, which, you're going to have losses, you're going to take big wins, big losses, whatever the case is, people kind of admire that more because that's the truth of trading.