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

lol he's either got $230K to lose or it's fake. IOW if the blotter is legit he's gotta have a couple mil liquid.

I've shown one blotter with a down day. I don't typically post the down days as I cut losses at a hard-stop of 5% of net liq. So the six or seven figure days are going to be the ones that I post. I had a $320K loser this year.

IMO the blotter looks bogus. I can't imagine such a shitty front-end.
 
trader99 said:
I get what you are saying. But the analogy is not quite right. I would say his additional income stream is NOT the same as picking soda cans out of garbage bins but rather an additional six figure income.

I have a job, consulting side biz, and trading. And trading is approaching my normal job and on some days exceed the pay(on a daily basis not on total annual basis yet). So I treat trading as an additional side income stream. I wouldn't call that picking up soda cans. All about having multiple side income streams.
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But it is the same, proportionally; you're missing the opportunity cost. If (according to Dux) he can make $100k+/week trading, then spending any amount of time doing anything at less than that during market hours is a loss.

You can't scale your consulting business the way you can trading. So, for you, trading is not an opportunity cost. For someone who can supposedly pull hundreds of thousands out of the market as their primary income stream, doing anything else is.
 
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Amun Ra said:
I'm sure some of his trades are real and cherry picked now that he's suckered 10s of thousands of people into buying his course.
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I doubt he has suckered anywhere near the number of course attendees as he is claiming.

My guess his total course attendance numbers are also fake like the Ferrari pics and his PnL

'Fake it till you make it'
 
Yeah, there is no way that his marketing shit is feasible if he's making anything above $50K/week from trading. The logistics alone are prohibitive. The opportunity cost of missing a trading day...

Which means the runs and claims of $500K are bogus.
 
southall said:
Also what kind of a Chinese name is Steven Dux?

A fake identity to add to this guys long list of fakery..
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He's simplifying his complex Chinese name for the American audience. I think he's real Chinese name is Steve Duxi. As you might know Xi is a common phonetic songs in Chinese names but almost unpronounceable by non-Chinese. So he shorten his name to appeal to a modern audience of non-Chinese speakers.
 
BlueWaterSailor said:
But it is the same, proportionally; you're missing the opportunity cost. If (according to Dux) he can make $100k+/week trading, then spending any amount of time doing anything at less than that during market hours is a loss.

You can't scale your consulting business the way you can trading. So, for you, trading is not an opportunity cost. For someone who can supposedly pull hundreds of thousands out of the market as their primary income stream, doing anything else is.
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He never said he CONSISTENTLY makes $100K/week. Just only recently did all these opportunities come to make $100K/week.

But on average, he's closer to $50K-$100K a month which is quite doable. I think I might hit that goal in the next 12-18 months if not sooner. And I'm no Steve Dux.
 
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