Steven Dux: +230k today. $500K on the week

trader99 said:
I understand your reasoning. But another way to look at it is diversification of income streams. There are weeks and month(s) where he's down over six figures. Multiple streams make total diversification sense.

Think of it as a business. GS has i-banking, M&A, wealth management, and prop trading(or at least used to before Volker Rule). Even as big as them, they can't just rely on the highly volatile prop trading only.

So, why not making $ and also have an educational biz on the side? There's a sucker born every minute who are knew to trading that he can sell infoware.

Totally legit business-minded thinking.
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It’s legit if you understand the business rationale for diversifying.

Goldman does it because
1. Synergies
2. They hire people to do the work. (They can add time invested to the new business line)

In this guys case, the synergy is supposedly negative as he’s giving away his secrets. Unless he’s more profitable front running his clients (then there is synergy).

And his Time is limited and he has to chose where he spends his 168 hours/week. Is selling courses worth it if you are making 100k/week trading? Shouldn’t you spend you time maximizing your trading or if there is no marginal return spending your time trading then spending your extra time maximizing your return by investing your excess capital in things like real estate which can diversify your income without requiring significant amounts of your time. If he can hire someone to do his trading or to teach his course then the diversification through selling education might makes sense.
 
newwurldmn said:
Is selling courses worth it if you are making 100k/week trading?
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Only 100K?
This guy is making 500K in a good week ;)

And look at that quity curve below, this guy is the words greatest trader:


Screenshot-2020-05-27-at-12.58.58-1170x658.png
 
Amun Ra said:
Yeah, and no big dips in equity to pay taxes.
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The SEC wont be interested in this guy as he only a small time snake-oil vendor. But the IRS might be.

But even if some one reported him for not paying tax on his profits the IRS would quickly smell it is all BS. They would be more interested in making sure he has paid the full Tax on his vendoring profits.

Like Larry Williams. The. IRS was once after Williams for unpaid taxes related to his vendoring. There was no mention of any tax owed related to trading profits.
 
southall said:
The SEC wont be interested in this guy as he only a small time snake-oil vendor. But the IRS might be. But even if some one reported him for not paying tax on his profits the IRS would quickly smell it is all BS. They would be more interested in making sure he has paid the full Tax on his vendoring profits.

Like Larry Williams. IRS was once after him for unpaid taxes related to his vendoring. There was no mention of any tax owed related to trading profits.
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I know he uses a broker based out of the Caribbean. That might be how he's avoiding taxes.
 
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