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

Overnight said:
The reason everyone does not believe all the 1 in 1000 traders that seem to make it is because we get scumbags like tradingschools.org who come out and promote the garbage, which is flatly FALSE.

He sells to the highest bidder, and will promote whomever pays him the most to keep quiet about their fraud.
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hi Overnight, i am new here and i didn't know that tradingschool is a scumbag by promoting the highest bidder, because i saw many bad reviews of other educators in his site, does it mean Dux also pays him big money?
 
trader99 said:
Steven Dux seems legit on but what concerns me is that he never shows his big losses except the one time I saw on his statement where he was down $200K+ on the month.

On the other hand, Madaz is legit. I've been in his chat room for a few months. I've seen him call out trades in real time. I've seen him down -$40K in TSLA in a few minutes.


Recently, he's up $167K in 2 days: https://madazmoney.com/post/epic-da...0-on-chk-imrn-in-two-days-new-personal-record

But shortly afterwards, he had a six figure loss day!

ROFL! Madaz is real, but he has bad risk mgmt in my opinion. Of course, for the month of June he's still up six figures because he has so many five figure days.

Not every trader that makes big money is fake.

BUT BUT BUT it doesn't mean they are good trader or the kind of trader you want to imitate.

He likes to swing big shares. Of course, when he's right he makes tons. but when he's wrong he can be down $40K in minutes. Last week he was down -$90K intraday and held until it turned green $12K.

It's because of that attitude let's hold losers until they turn winners is why he was down six figures in ONE DAY despite being up six figures a few days earlier.

That's why I stop subscribing to his room. Sure he can make money. But on a risk adjusted basis, it's too scary and a very risky trading methodology.

I spend my time trying to reduce risk and get the best risk/reward. I know his style because i used to be like that(not same magnitude). Lately, I have a change of heart and mind and focus on better risk mgmt. So my PNL has lower volatility.
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Trader99, i am also will not be looking to such kind of system that has so big drawdown even unrealized one, that is not good system i think.

QUESTION: if market has a probability of 50% going up and 50% of going down then why most people 95% lose money? maybe the emotion? I still need to find answer on this
 
asaladaaa said:
Trader99, i am also will not be looking to such kind of system that has so big drawdown even unrealized one, that is not good system i think.

QUESTION: if market has a probability of 50% going up and 50% of going down then why most people 95% lose money? maybe the emotion? I still need to find answer on this
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95% lose money becuase of poor risk management, oversizing position, and not have an edge. Or all 3!

People put their entire account(or a large portion of it) into one position. When it goes against them they don't cut losses. That's the most common beginner mistakes.

Also they don't have a real edge which tells you when there's a slightly higher probability of a particular move. So they are trading WORSE than random.
 
asaladaaa said:
QUESTION: if market has a probability of 50% going up and 50% of going down then why most people 95% lose money? maybe the emotion? I still need to find answer on this
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Losing trader:
Rides losers and cuts winners. Trades big. They trade against the trend.

Profitable trader:
Rides winners, cuts losers. Trade small. Trades with the trend.

Losing traders do the exact opposite of winning traders on all four counts!

There are other opposites as well.

Loser: no plan and very poor discipline

Winner: Detailed plan + strict discipline
 
I have no clue if his results are true or not but you have to be careful with those that only explain the left side of the current market ie hindsight trading. It adds to someones credibility if they can make a live call and leave it published for better or worse.
 
destriero said:
He would never sell his method if it were successful in penny stocks. He'd start a chat room, buy the shit, pump it in the room, cover, tell the room. As it stands he's scamming all wrong.
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From what I know his method is mostly shorting penny stocks that run up 200% or more and he will start to short them on the first red candle after a reversal wick candle...
 
vincentnyc said:
this steven dux guys is similar to ross from warrior trading where ross uses hot keys and trade gap and go strategy with thousands of shares. all i gotta say is most beginners don't have that much money to trade that way and even if they did, they don't have the experience and will end up blowing the account eventually. this style of trading is very dangerous for beginners.
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This style is very stressful not to mention he could be lucky..Didn't he turn $583 to $300k+ within a year? A little hard to believe though.
 
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