Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

This Is Very Risky, This Is Not Financially Advice and I Don’t Recommend Anyone Doing This

26 Jun 2023 · 1 min

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0:39

Kardec Trader funded early trading by opening credit cards at 18 and pushing limits to $70,000–$90,000 by age 20, using 0% promotional offers to get cash. They admit it was risky and don't recommend it, but say they used a system and limited risk per trade.

Questions this video answers

By age 20; about $70,000–$90,000 across multiple credit cards.

"0% for 16 months or 18 months" (speaker phrasing).

Chapters

What I did at 18 is I applied for credit cards. By the time I was 20, I requested credit increases and I had maybe like 70 to 90,000 in multiple credit cards. So I was like, you know what? They're giving me 0% for 16 months or 18 months to take the cash out. Now, looking back at it, that was very stupid because if that didn't work out, then you have a big debt on your head. And you know, I'm stuck in this cycle for a very long period of time. I took the money, but I was very cautious with it. It wasn't like, oh my God, I'm going to take it out and be stupid. It was like, okay, what's the most I can risk? This is how much I can risk. I can't take more trades in this. I kept like a very systemized plan to follow because I was also scared of losing that money. So that's where the capital came from.