what does this prove? He has a website that he sells his trading services. Big deal. I'm not a subscriber and my trading style is totally different than his.
But I have yet to see solid evidence that he's a fake.
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what does this prove? He has a website that he sells his trading services. Big deal. I'm not a subscriber and my trading style is totally different than his.
But I have yet to see solid evidence that he's a fake.
So, he makes less than $900K from trading. But his website probably pulls in 7 figures. Why not? The website is a stable income stream whereas his stock trading is volatile income stream.
I have a job and I trade too. My job is a stable source of income just like his website is a stable source of income for him. My trading is volatile income just like his trading is volatile income. So we are doing exactly the same things except I'm on a smaller scale than he is and not as successful (yet). What's the difference?
I'm trying to be as OPEN MINDED as possible. I'm not saying he's NOT a fake. I'm not saying he's real either. But so far, I have yet to see evidence that he's definitely a fake. I've seen more evidence that seems to point to him being legit than fake. That's all I'm saying.
Tim Sykes seem borderline scammy. So perhaps he did make those millions initially. But I read he made maybe max $5M in the market and $15M from his website. Now he only trades with a $12K account(red alert to me?!!!). He oversells and overmarkets himself.
But perhaps Steven Dux did find a small niche in the penny stocks world. He even said he could NEVER run a hedge fund because his edge is not scalable enough. Making less than a $1M a year trading is not too outrageous? He didn't claim he's the next Rentech with 60% annual return running a $10B fund.
He's basically eke out some gains in a small corner of the market. Sounds legit to me.
Non-scalable strategy but making ok money. In the fund worlds, $900K is nothing. But on a personal level, it's a good living.
I don't see real evidence that he is fake.
By inference. 27K to 3 million. Seriously?
Dan Zanger took $11K to $18M. I know these people are one in a million. But that doesn't mean they are fake.
I saw couple of his videos in the past and like him too.
I don't see anything wrong with his statements either, and really he doesn't make so much money to make it unbelievable. He seems a very good trader. If he claimed to make $10M on penny stocks then I'd have issues believing him.
Have you watched his videos? He basically short scammy penny stocks. He's shorting scam stocks. Not pumping them. That would be Tim Sykes.
Yep. He even stated outright in one of his videos that his strategy has capacity issues. There's no way he can make $10M. Maybe make $1M or $2M max he said. Given the small capacity of his edge, why shouldn't he capitalize on it and sell the dream to subscribers? That's just being a good businessman.
Now, some purist traders think they can rely 100% of their income from daytrading. Go ahead and live that fantasy.
I trade but I also have a job. Nothing wrong with that to even out the ups and downs of the equity curve. In the real world, people got bills and mortgages to pay. Family to support.
Makes total sense to me. Having a website to sell his trading services does not necessarily invalidate his trading ability or legitimacy.
Steven dux is a scam artist.
His most recent video shows he lost $25k in may, but on twitter claimed he made $76k in profit that month.
Also interesting how in this video he said he had a pretty decent Jan, feb, and march, but in his latest video he had a $150k loss in march.
Did you ever look at his channel? Why is he desperate to put out soooo many videos? That's also a red flag. Think about it.
By the way, you never answered my questions. Are you staying out of GC?