"Rekt" is actually a slang term that originally comes from the word "wrecked." It's used to describe a trader who has suffered a significant loss, usually due to poor investment decisions. If you're looking to understand more about such terms and their implications in trading, there’s a helpful glossary here https://paybis.com/blog/glossary/what-is-rekt/ that covers a lot of the common jargon. It’s pretty crucial to get familiar with these terms to navigate the markets effectively.