Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

Story of How I Lost $500K Trading in 2020

20 Aug 2023 · 1 min

Watch on YouTube

0:39

A first-person account by Kardec Trader describing a major trading loss in 2020. The speaker says they held a short position of about $500,000 that briefly rose in value to $900,000 in March 2020 (at one point showing a $400,000 gain) but ultimately resulted in losing $500,000; the loss was shared publicly on YouTube and other social platforms.

Questions this video answers

2020

$500,000

Half a million dollars ($500,000)

$900,000

$400,000

Chapters

I've had terrible losing periods in my trading career. Like my in 2020, I don't know if you know, I went through a really weird time in trading and some people that are maybe watching, they probably remember too. 2020, before the pandemic, before the market tanked, I shorted the market. When I shorted the market, hey guys, I'm in half a million dollars, right? So I was in the half a million dollar position. In March of 2020 that position went up to like 900k. Like overall it was up at 400k. But long story short, I lost all the 500k and I did it publicly. So you can imagine when publicly you do something on YouTube, on Instagram, on Twitter, yada y and you're telling people, I'm not saying hey, I'm not showing people my trades after. I'm saying hey, I'm taking this trade here at this level with this much money.