Steven Dux
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Honesty
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Quality
(4)
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Cost
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Support
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Verified Trades
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User Experience
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Summary
Xiuxan Du is a true ‘rags to riches’ story. He came to the United States as a 15 year old foreign exchange student, with no money, and nearly zero understanding of the English language.
He was a mediocre high school student and not particularly good at math or science. Certainly not the stereotypical Asian student.
With nearly no financial resources, he scraped together a few thousand dollars by working odd jobs and began investing in the stock market. Fast forward a few years, and Xiuxan Du is now a multi millionaire stock trader. No kidding.
His life story is very compelling. All of his performance summaries have been audited and verified by TradingSchools.Org.
Pros
Performance is 100% authentic
Unique approach to investing
Is a kind person, and cares about his students
Cons
Trading style is highly speculative
Trades the extremes of sketchy penny stocks
Students should not attempt to shadow trade
Educational products are perhaps confusingly presented and pricey
Thanks for reading today’s review of Steven Dux of StevenDuxi.Com. Who is Steven Dux and what is Steven Duxi selling? The Steven Duxi website is selling the following products and services:
- Tier 1: $99 per month live chatroom. This includes Steven’s live trades and possible setups for the day.
- Tier 2: $149 per month live chatroom. The additional fee gives access to Steven’s 8 core strategies with historical backtesting and the potential probability of each trade.
- Tier 3: Market Mastery Bronze $2,000 per year.
- Tier 4: Market Mastery Silver $3,500 per year.
- Tier 5: Market Mastery Ultimate $8,500 per year.
Each “Tier” builds upon the previous tier, like a pyramid. The more you spend, the more individualized attention and mentoring the trader will receive directly from Steven.
Steven is also selling a “DVD” for $1200 which reveal yet more ‘trading secrets.’
However, there is actually no “DVD” at all. I am curious why he would even describe his product as a DVD? Instead, what he is actually selling is an online educational portal that teaches the 8 core strategies that Steven uses on a daily basis.
My initial impression is that there are too many ‘tiers’ and compartmentalized options. It is confusing. It’s too commercialized. It is capitalism run amok. In fact, I would say that these sorts of pricing schemes appear to be predatory.
As a reviewer of trading products and services, I should not have to “peel away” the layers of capitalism to find the sumptuous truth. As consumers, we should be offered elegant and simple solutions that quickly help solve our problems. Unfortunately, as it currently is presented, Steven’s product offering is clumsy and confusing.
Regardless of Steven’s clumsy and ham-handed approach to selling, we should look away at this train wreck and now focus on who this guy actually is, and whether he is actually a trader.
Steven Dux and Timothy Sykes
TradingSchools.Org first became aware of the Steven Dux website back in 2018. In total, we received over 50 requests to review the trading products and services.
However, the messages that we received were typically tagged with, “another Tim Sykes scam” or “yet another YouTube fake stock trading millionaire needs to be exposed,” or “this guy is definitely a scammer.” You get the picture.
The uncorroborated and colorful opinions had less to do with Steven Dux, and more to do with Timothy Sykes. As we have learned from past experience, nearly everything that Timothy Sykes is selling will look golden on the surface, but the more you touch his products and services, you discover that everything is actually coated with gold spray paint. The more you handle it, the quicker you realize the messy golden tarnish reveals a cheap plastic interior.
In fact, we witnessed a Tim Sykes interview with Steven Dux. On the surface, it appeared that Timothy Sykes had ‘created’ this ‘golden creature’ in which to use as a marketing stooge to sell yet more worthless DVD’s, educational packages, and some other “wizard” bullshit that Sykes is always spouting.
As a critical reviewer, Steven Duxi had the look of an exploited prostitute, dipped in gold, that Sykes was pimping out over the internet. You know how the story goes…Sykes marches out this fresh-faced kid that supposedly learned everything he knows from the master Sykes and now the padawan apprentice prostrates himself before the magical master.
Which is basically what the video portrayed. How this “kid” got rich after learning Sykes supposed secrets. I expected this stunt to quickly fail.
However, as the months passed, I received yet more requests to review this supposed “super trader” Chinese kid that somehow ended up in a small town in Ohio. Very odd. And not very believable.
Regardless, and under much pressure from readers, TradingSchools.Org decided to take a closer look in January 2019.
Contacting Steven Dux
Beginning in January 2019, we began collecting as much public information as we could about Steven Dux. Which was easy. Steven was all over YouTube proclaiming that he turned $20k into $900k. And then more videos of how he supposedly was up $1.5 million.
Incredibly, yet more videos followed of how he supposedly was up $2 million, and then $3 million, and then $4 million. Like mushrooms that magically appear on a fresh cow patty, the millions were mysteriously and quickly stacking up. But who would actually believe such nonsense? I certainly did not.
These sorts of investment returns are the stuff of social media marketers, hype specialists, carnival barkers, and petty con artists looking to make a quick buck. No reasonable person would actually believe that a mere mortal could turn $20k into $4 million in 4 years. Personally, I thought to myself, “writing about this is a waste of time” and “it cannot possibly be true.” Yet, I pushed forward. This skinny Chinese kid needed to be exposed.
Next, I created four separate and unique email addresses and began a series of email exchanges with Steven. Each ‘character’ behind the email was increasingly more shrill. The intention is to test the character of the vendor. One identity will be cordial and lightly probing. The next character will be slightly more angular and sharp in response. The final character is tough and prickly.
The purpose is to ‘tease’ out useful information and form a collage that reveals the deeper meaning. None of the email exchanges went well. Essentially, I wanted to get access to actual brokerage statements that verified the supposed performance claims. At every level, Steven simply refused to cooperate. I was left with only one conclusion…he must be a scam.
My final email to Steven was direct and pointed. I revealed myself directly as “that guy from TradingSchools.Org.” The shadow of death had finally arrived at Steven’s door. And I was now going to absolutely roast him. All of my evidence was in the bag, the cards were on the table, and I felt I had him cornered. Now I would deliver the killing stroke to this “Tim Sykes” fake golden creature.
But then to my surprise, Steven responded “I am familiar with TradingSchools.Org. What you do is sometimes horrible. Often inaccurate. But terribly needed.” To my shock, he consented to a full review. All of his cards would be turned, the truth would be revealed.
Dialogue, Brokerage Statements
Over the next several weeks, both Steven and I began a series of exchanges and back and forth question and answer sessions.
Truth be told, I thought he was lying to me. Trying to delay the inevitable. As I have learned the hard way, many of these so-called investment guru’s are top notch bullshit artists…they will delay and delay and delay in getting me supporting documentation. All in the hope that if they are “nice” or “friendly” that I will somehow not write the truth. It doesn’t work.
Eventually, to my utter shock. I began to receive exactly what I had asked…actual brokerage statements.
Initially, as I began to read these brokerage statements, I was absolutely shocked. Month after month, the balance kept going higher and higher. The trades listed, one after the other.
But still, I refused to believe. I thought to myself, “this clever kid photoshopped this.” And photoshopping account statements is nothing new at TradingSchools.Org, in fact, we have witnessed over a dozen such instances. I thought to myself, “this is just another photoshop.”
However, the account statements contained a key clue. The brokerage was Trade Zero. Most readers are not aware, but I personally know the owners of Trade Zero brokerage. In fact, I am on the phone with Dan Pipitone, the director of Trade Zero on a constant basis. We talk about industry changes, emerging trends, and how Trade Zero is constantly adapting to a changing marketplace.
Dan Pipitone of Trade Zero is brutally honest. He is the sort of no-nonsense type character that will quickly throw you under the bus — if he senses bullshit.
And so, with Steven’s permission and written consent, I forwarded the account statements to Dan Pipitone for examination.
Conversation with Dan Pipitone of Trade Zero
Several days later, Dan had concluded his audit of what I had presented. Essentially, I wanted to know if the statements were real. And if the statements were somehow ‘blended’ from various account statements.
What does ‘blended’ mean? Let me give you an example, a couple of years ago, I wrote a review about a live trading room that specialized in Futures trading. The trading room moderator sent me a series of account statements to verify his supposed amazing track record. The track record revealed a 90% win rate.
I became suspicious and contacted the broker. After further examination, it was revealed that the account statements were actually compiled from two separate accounts.
The scam was clever. The ‘trading educator’ would simultaneously buy in one account, and sell in another account. Every day, he would pluck the record from the winning account and then paste the winning trades together into a document that appeared to show a nearly flawless win rate.
The ‘trading educator’ was undoubtedly wasting commissions, but building an amazing track record in which to sell products and services.
This was my concern with Steven Dux, that he was somehow trading from two separate accounts, and only presenting the winning trades.
That theory was laid to rest. Dan Pipitone concluded that the account statements were indeed authentic. There was no chicanery.
It is an undeniable truth, Steven Dux has in fact earned millions of dollars ‘day trading penny stocks.’ This mystery is solved.
About Steven Dux (Xiuxan Du)
I am not going to waste even one minute talking about Steven Dux supposed trading strategies. For the purposes of this review, I feel that it is irrelevant. Why? Number one: you can watch Steven’s many YouTube video’s where he describes exactly what he is doing. And why he is doing it.
However, I do believe that it is highly relevant that we study him individually. His life story is very compelling. And as his life story is revealed, this too reveals his character and gives many clues as to ‘why’ he is successful.
First things first, Steven Dux is only his ‘American’ name. His name is actually Xiuxian Du. He was born in Chongqing, China in 1994. For those not aware, Chongqing is not one of the coastal cities that most of us are familiar with (Hong Kong, Shanghai, etc). Instead, Chongqing is located deep within the interior of mainland China.
During World War II, the Japanese invaded coastal China and aggressively pushed eastward towards Chongqing, which at the time was China’s WWII capital. As they pushed eastward, the majority of the Chinese population were also pushed eastward (those that survived). At the time, the Yangtze and Jialing rivers were considered to be the final defensive point in which the Chinese had to defend, or ultimately be annihilated by the Japanese.
From 1938 to 1943, the city was under constant terror bombing where thousands of civilians were killed. Eventually, the city was reduced to rubble.
After WWII, the city was eventually rebuilt and served as an important shipping port that moved goods down through the mighty Yangtze river. Basically, since the mid-1990’s the city of Chongqing has grown by leaps and bounds. Some describe this city as the “Hidden City” and yet others describe Chongqing as the “City of Commerce and Trade.”
Of course, most readers are familiar with the Three Gorges Dam, located in the region. In fact, from this dusty and dirty area, from this hearty soil, Xiuxan Du was born.
In my interview with Steven, he described his childhood as difficult, yet dynamic. His mother, from a dirt poor area, sought to take advantage of the rapid growth and eventually opened a small store that served the local community. The store grew and thrived. This served as an early lesson in basic commerce for Steven.
Eventually, Steven’s father became interested in real estate and borrowed money from Steven’s mother to speculate on land. Apparently, it worked out very well for Steven’s father. Unfortunately, Steven’s father never repaid his mother. And to make matters worse, he abandoned the family once he had acquired wealth. This was yet another hard learned lesson about how people change for the worse, once they acquire wealth.
To make matters worse, Steven had a little brother. And since his mother was busy running the store, Steven was responsible for caring for his little brother. Basically, from a very early age, Steven was expected to be “the man of the house.”
Xiuxan Du Comes to America
As incredible as this story already sounds, it gets even more incredible.
At the tender age of 14, Steven somehow convinces his mother that he should leave “the store” and that she should give him enough money to come to America.
So what does Steven do next? Of course, he gets on the internet and begins researching on how to become a foreign exchange student. After a good deal of research and effort, he eventually finds a family in Cincinnati Ohio that would be willing to accept him, until he finishes High School.
One thing leads to another, and the next thing you know, Steven has convinced his mother that “its a great idea!” and that she should hand over her meager savings so that he can buy a plane ticket to this strange place called “Cincinnati” in a state that he could not even pronounce (Ohio).
Now consider this…Steven speaks no English. And yet, at the age of 16, he boards a plane with only a backpack of clothes suited for 80-degree weather. And he arrives in Cincinnati in the dead of winter. Wearing shorts and sneakers. Apparently, he thought he was flying to Hollywood but quickly discovered that Cincinnati and Hollywood have little in common, especially in the winter.
Steven then arrives at his new foster families house. They thought he could speak English. Boy, were they surprised when he didn’t speak a peep of English. This was not your average exchange student.
The next evening, the family prepares a “special meal” to celebrate the arrival of Steven. When Steven took a look at the plate of food, he had no idea what this strange brew of meat and vegetable matter could possibly be. He quickly learned that he liked the local delicacy, something called “mashed potatoes.”
A few days later, his wonderful new foster family drives him to his first day of High School. He arrives overjoyed but speaking absolutely no English. However, after only a few hours, he is pulled out of class and escorted to the Principles office. Of course, the principle speaks no Chinese and cannot pronounce Xiuxan Du. However, his ID says DuXiuxan, and so the principle of the school simply called him Dux (ducks). The name stuck.
The conversation with the school Principle did not go well. In fact, Steven was at the wrong High School altogether. So, his foster family had to pick him up and drive him to a completely different school. What a rough start.
Steven Dux: the high school years. And the need to make money.
Eventually, Steven became more and more fluent with “Ohio’s version” of English. And he did pretty good at school. All things considered, he did well enough to be accepted into University. He mentions both environmental engineering and accounting, but I believe the truth is probably a bit more complicated.
However, from the time that Steven arrived in America, he worried about where he was going to get money. He couldn’t rely upon his mother, and his father was providing absolutely no assistance whatsoever. So, while in high school, he took on odd jobs and began saving.
While cruising around the internet, and still barely able to understand English…he stumbled on Timothy Sykes. Like all of us, he was mesmerized by the orange Lamborghini and the bikini models that Sykes flaunted. Did he buy any of Sykes products or services? No. As he explained to me for this review, he didnt buy any of those products “Because I couldnt understand what Sykes was saying.”
Instead, everything that Steven has learned is from simple observation and the backtesting of different ideas using nothing more than common spreadsheets.
From these simple observations, he opened a trading account with his $2k savings and while in high school, parlayed this into $10k and then $20k.
A short time later, he heads off to college and while studying, he gets even more active in the stock market. He then pushes his $20k into $100k. Next, he submits his track record onto that swamp pit known as Profit.ly and then Tim Sykes takes notice of what is happening.
The next thing you know, Tim Sykes is parading his new pet across the internet, claiming that he “trained” Steven with his secret methods.
According to Steven, nothing could be further from the truth. In fact, in retrospect, Steven feels that he was incredibly lucky to avoid much of the misinformation available on the internet. Not because he sought to actively avoid it, but because he simply could not understand what they were selling.
Steven Dux: the here and now. And random observations.
This article has gone far longer than expected. I will wrap this up with a few random observations regarding Steven Dux.
Observation A: Steven Dux uses NO INDICATORS whatsoever. He believes they are worse than useless. That they only seek to trick the mind into believing something is happening, when actually the indicator is only interpreting an irrelevant past.
Observation B: Never place a stop loss on public display. He believes that if you rest a stop loss order, the market is going to naturally attract to fill that order. Instead, use mental stops and exit when your exit point has been touched.
Observation C: Every single trade needs to have three components. The entry, the stop loss, the profit target. You never deviate away from the original plan. And when I say never, I really mean never.
Observation D: Don’t be afraid to trade into extremes. When the market is unsustainable and parabolically moves higher — don’t be afraid to short. When the market crashes, don’t be afraid to be a buyer.
Observation E: Avoid paper trading. All of the stock paper trading platforms are slanted and biased to filling orders easily. The paper trading platforms are meant to trick you into believing that trading is easy. He likens them to “free” slot machines at a casino that creates the impression that the real machines will pay like the “free” machines. Don’t waste your time.
Observation F: Start with a real trading account and trade live immediately. The wins and losses will build the emotional foundation that you must rely upon later.
Observation G: Avoid the financial media. Its useless and totally pointless. There is no edge that will be revealed by watching a financial TV show or reading news articles.
Observation H: Let the PDT rule be your friend. Its there to protect you. It prevents over trading and refines your focus on only taking the juiciest setups.
Observation I: Avoid predatory chatrooms that “pump and dump” to their subscribers. We all know who they are.
Wrapping things up. And my final observation.
Thanks for making it this far. This article spanned over 3000 words. Way too long.
However, I want to give one final observation. And this came from Dan Pipitone of Trade Zero. I asked Dan, “what do you think is the real secret of Steven Dux?” Dan replied, “Steven is one of the best at shorting that I have ever witnessed. He sells the shitty stocks that the pump artists are always buying” and “Steven is a highly focused contrarian that dances to his own tune. Everything he knows comes from a past that is unpolluted by the hordes of trading educators pushing BS services.
Well, there you have it. Thanks for reading. And I would love to read your comments below…
I’m sorry, but it looks like the apple doesn’t fall far from the tree. According to this story his father used his mom to find success and he dumped her once he didn’t need her anymore. And Dux used Sykes for his teachings and promotion and distanced himself once he didn’t need him anymore.
I watched Dux’s whole come up as it happened, and it’s all documented on youtube. Nothing Dux does is original. All the patterns he plays are textbook Sykes and Grittani. He was a Sykes Trading Challenge student, and in his early interviews he even said his fast success came because he was able to learn from people like Sykes and Grittani. For him to say now that he didn’t learn from anymore and play it off like he taught himself is bull and extremely shady.
It’s obvious he’s trying to build is own teaching business to compete with Sykes so he doesn’t want to be associated with him anymore. His whole business model is Sykes too.
All that aside, I believe his trades are real. but I don’t know how he can give this interview:
https://www.youtube.com/watch?v=Li3-NwAj6t4&t=166s
and then act like he didn’t take anything from Sykes. He may have perfected Sykes’ teachings, but to act like he didn’t take anything from him because he didn’t know English is straight up bull when everything he does is from Sykes. He said straight up that Frameworks and Trading Tickers were his favorite dvds! He’s literally a Sykes clone, from his courses, to his patterns, to his marketing, to his chatroom, etc. Nothing he does is original.
I really don’t know how he can sit there with a straight face and act like he didn’t get anything from Sykes after he used all his teachings and Sykes promoted him.
I also want to add, in that video at 24:50 he says his dad took him traveling to over 70 countries by 22 years old. How did he have time to travel to 70 countries with the father that left him and his family to fend for themselves? How was he doing that while he was being the man of the house taking care of his little brother at an early age? He couldn’t rely on his father for money, but his father took him all over the world? Come on…
This kid’s story isn’t adding up. I believe he could trade, but he’s lying about his story.
His story has changed many times from participating in Tim Sykes program and girlfriend dumping him to I was a engineer and needed to make money for the program to I was just bored one summer and decided to trade and learned from myself. This kid’s story isn’t adding up. I believe he could trade, but he’s lying about his story is an understatement. His professionalism is horribled.
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It’s hard to believe your other reviews when you give DUX a 3.8 … this guy trades penny stocks and day trades – both signs of a scammer…
People that buy penny stocks are suckers. Steven Dux shorts penny stocks, which makes him the opposite of a sucker.
If any one can share his course for free send it to my email igvtirf@carpin.org
Anyone done the freedom challenge ?
I am a Dux’s FreedomChallenge student.
I did profit 75% in my first month but that is also because i had signed up to many other chatroom as i am hungry for knowledge.
I just want to sound out to those who are thinking of signing up for Dux’s freedom challenge to consider what i am saying. I did save you $7500.
Dux’s own profit is legit. Most of the stuff you need to learn can be learnt from the 2 DVD sold outside of the FC.
I would say you are paying $7500 for the FC mostly for the Webinar.
The “data” you get is from the FC is dated year 2018 and not updated.
But what ii felt most cheated in is the fact that the Chatroom is almost absent of Dux’s presence. And not even his associates are mostly present like other chatroom.
Many days when Dux would just pop in the chat in the morning to say “There are no good trades to play today” and disappears mostly for the rest of the day….and at the end of the day you read tweets of many other chatrooms making tons of successful trades. And when you check back on Dux’s trades at http://www.kinfo.com the next day….you realized that Dux had made several trades himself while telling his student there are no trades. I mean if you are sincere about being a mentor, this is surely not the way to go right?
I don’t think its responsible and dedicated mentorship.
I had signed up for Tim Sykes’ and Madaz’ and i can tell you they or their team are mostly there throughout the day mentoring the paid subscribers faithfully. I heard Nathan of InvestorsLive does that kind of commitment too. All for much cheaper pricing. Am doing my civic part to prep the public should they choose to jump in.
Do take some time to ponder on this. The practice is absolutely not right and the admin person Sakuse is the most impolite i had ever met.
Don’t believe what i say if you are willing to part with your $7500. I don’t gain from commenting here.
I was an educator and i just cannot remain silent about this level of education service.
Thank you.
Thanks for sharing your experience. I too felt the price was rediculous.
Surely you should have judged him on his content? As his content must be good because, like you’ve stated, he is legit! After initially viewing his content, if you knew how to trade, surely you’d have realised he was legit? As you’ve reviewed 95% of the other sites 1 star, it leaves me questioning your legitimacy…
Interested to get Steven Dux- Freedom Challenge full course video and webinar?, email me at tradingbundle@gmail.com.
I trade penny stocks all the time. Admit they aren’t for everyone however if you do some diligence and analysis they can offer some massive returns. I congratulate Dux on his achievements. One of his strategies is too short pumps, as long as you can get the shares to short I think its a great strategy because after a penny has a spike or run we all know where it’s going and that’s down so why not short it?
Before criticizing Dux for being a seller of his methods etc perhaps people should test those methods. There is plenty of free info on Dux’s method and if your conscience will let you can purchase his courses for $80 . This why not give it a go before crucifying him. Or perhaps the ones that are crucifying him should look at themselves and hopefully find the answer why they aren’t having much trading success.
Really like your answer Paul. 😉
His course are into thousands not $80.
I would have paid $80, but $7500? That is predatory.
If your conscience will allow it, you can get his courses for 80.
Paul, more than happy to pay this amount. Let me know if possible.
Hi Paul,
Thanks for this reply, and many others you’ve put on this site.
Appreciate your feedback.
Would it be possible for you to share some good resources / books that are genuine, honest and worth reading?
I’m from India and trying to find my way out in the jungle.
You may reply here, or email me at aamitgera@gmail.com
It will be great to hear from you!
I believe in market psychology. Fear and Greed. Its so difficult to recommend anything, But what I will say is if you takecare of your risk your risk will takecare of you. So Risk and Market Psychology, your psychology, dealing with loss and firm rules when to take profit, exit a loss are the keys to trading.
90% about trading on the internet is rubbish. Don’t believe any of it.
I gave it a go. Dux seems to know his stuff as his techniques are nothing fancy but I doubt one can extract anything useful out of his courses. They are simply terrible. Total lack of structure, unintelligible drawings and charts, awful pronunciation. Unless he hires professional designer, writer and narrator/presenter it is a pass as a legit educational source.
If you’re going to short super novas or premarket gappers you may as well just buy them when they dip and average down without leverage. If you short you’ll get stopped out too much and with locate fees there is no way its profitable over any significant number of trades. There is no way his strat is profitable in the long run. No way he is a multimillionaire. Just another Tim Sykes offshoot scam, a good one with a great disguise.
Why give Steven Dux a good review when he fits exactly the same pattern as the other chat room scammers this site has exposed? Here is the pattern:
1. He claims to be a genius at trading stocks and may have an expensive training program for sale. He may have a verifiable record of success, but it is at the expense of his chat room subscribers.
2. He trades only cheap low-cap stocks that he can manipulate and never trades stocks over $10.
3. He owns a subscription chat room where members can follow his trades and makes most of his profits by dumping on them.
4. The scam in detail: https://www.youtube.com/watch?v=HxXWWjHZ7Pw
This is a great comment. And I really mean, GREAT COMMENT.
Here is my take on Dux…Yes, he is marketing a bunch of stupid “secrets.” Here is a hint: there are no secrets. And if there were any “secrets” then why would you be selling it?
The simple truth is that Dux is milking the cow for as much as possible, while the window of opportunity is present. Right or wrong, readers should be able to distinguish this, its obvious and apparent.
However, in his chat room, he is not holding positions for only a few seconds. Rather, his trades take a considerable amount of time to develop. This eliminates or greatly reduces the argument that he is front running the subs. I wish I could counter the argument with something more substantive, but I cannot.
So what’s the secret? I tried to provide as many hints, in the article as possible. The real “secret” is that DUX is a serial short seller in shitty stocks that get pumped. Its his claim to fame. He is a short seller.
Sometimes he takes long trades in extreme downtrends, but that is not his bread and butter.
In speaking with Dan at TradeZero, he pretty much laid it bare…Dux is short selling the shitty stocks that small traders, with small accounts, are accumulating.
Love Dux, or hate Dux…it is, what it is.
If you would like for me to codify his strategy and present it…I would be more than happy. Its pretty simple.
Emmet, you’ve contributed such tremendous amounts of information to protect the community already. If you find that you’ve got the time to actually COFIFY the Dux Strategy, please do so. Knowledge is power, and those of us having value in what you do, would all appreciate not being considered weak.
Good day Emmet and thank you for all your reviews, it helped me out a lot. Fantastic take on Dux, and I can’t say I don’t admire the guy. Regarding Dux’s strategy I know he plans in detail and his statistics make a huge part of it. But if you could shed some light on it …would be amazing. Cheers keep it up, you are needed. THX panaioandorin@gmail.com
If you want to trade like Dux, you need to short. And if you want to short like Dux, you need a broker with access to “hard to find” stocks. I would recommend a margin account at Interactive Brokers as they have the best inventory.
The key is shorting crappy stocks.
But the one thing I never wrote about is the cost to borrow some of these stocks — which can be interest rates as high at 600-700 percent, per year.
In my experience Trade Zero has a much better inventory for hard to borrow stocks. I use both IB and TZ . TZ consistently has a better inventory. Just dont hold overnight beacause the borrow fee increases x5.
You think TZ is better? I never had much luck locating the really hard to borrow stuff on TZ, though its a great brokerage.
Actually, I thought IB had a deeper pool of hard to borrow’s. But man, the interest can sometimes reach a 1500% annual percentage rate!
I have both up. I always try IB first as they are cheaper. Tz usually has what IB does not have. Pretty rare for it to be the other way around.
Emmet, are you holding overnight? Or am i unaware of fees implemented by IB?
Yes, you pay the interest per day. Just take the amount, multiply by the interest rate, and then divide by 365 to find your daily cost.
Emmet for example today.
MCEP not avail at IB. At TZ its 34bux per thousand. This fee can and will change depending on demand.
Someone should do a study on this. Get everyone together (IB, TZ, Lightspeed, etc) and just flesh it out. Then post a comprehensive review and attempt to answer “who is the best for hard to locate shorts?”
Actually, I should do a study on this.
And this would be yet another pain in the ass article with an extremely narrow readership of interested parties. So is my life.
How did he learn to trade? I mean, besides this spreadshit thing?
Sth I think meriting emphasis is this Dux characte represents an extreme *anomaly*. You can’t replicate or even draw a squiggly outline of what he does. As a burgeoning trader in a foreign land with a foreign language, he effectively *shut down* the finance media’s spewings during his formative years trading.. He’s never had to unlearn a mental storehouse of some guru’s verbiage for the simple reason he’d no freakin’ idea what was being spouted—a tremendous advantage.
Not to discredit him, he picked up the requisite tools in a market he obviously dominates. If only the rest of us were so lucky. Being a penny stock trader, his market is the murkiest of them all. Are you sure that’s where you’ll get jack-loaded rich?
I’m not surprised he’s turned to the guru-turned-coach circuit. It’s how so many turn their biggest profits. Dux’s record stands out b/c it’s reportedly legit. However, I don’t think Dux stands apart from his kind in one esp. obvious area: *greed*. Rather than enrich a dubious chinaman take a page outta his book & soak up as much niche market info as is freely avail.
A great inspiring story and your narrative second to none, a Hollywood hit.
Thanks for an excellent job, really appreciated Emmett !!
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Hi Emmett great review, but one observation which is puzzling from Steven dux, he told you in 2019 he never bought and product or service from Sykes.yet in his trading techniques dvd released in 2018 he mentions he first bought a dvd from him in early 2016 and then joined the Tim challenge which is like $7000. Obviously this can’t be a misunderstanding . So I winder what is the real truth?
Hi Emmett,
Nice review. Just wondering how Dux is able to trade with TradeZero since he is an American citizen after all?
there is tradezero usa,
I wonder if he front runs the frontrunners? Maybe subscribes to Tim Sykes penny stock picks. Buys the picks. Waits for them to spike and sells very quickly.
No, if you look at his profit.ly, you can see he is a masterful shorter… He does unbelievable shorts that most people wouldn’t even THINK to attempt… He will take some $5000 – $25,000 losses sometimes but he has several trades where he makes $70,000-$150,000… He shorts the dump after the pump on many garbage penny stocks as the article said. You can see his whole trading history for the past 3 years, it’s pretty incredible. There is a period where he makes almost no money, but it appears he struggles in low volatility markets.. Which would make sense given that he is shorting penny stocks half the time.. However, it is definitely worth noting, during the 6 month stretch where he made almost no money, he also never lost money. Meaning, despite several attempts to short stocks or not finding the right setup, he never got emotional and desperate to make more than what he had.. Incredible trader. I love this guy.
Why haven’t you reviewed Tim Sykes???
Guys, in the beginning of the ‘’DVD’’ Dux said ‘’that there is a big problem with the education’’ and yes I agree, he have a big problem with the education, because his English it’s a disaster and I don’t know how he came up with this idea of making a DVD without knowing how to speak English.
It is very difficult to understand him that will confuse you more! Believe me! He say many things in the webinars that after a minute or more go against him , even trades we took with him, sometimes he will say ‘’I am 100% sure on this one’’ then it will end up to be a loss!!! You can’t say 1000 things wrong and 1 good because that is not teaching!! But cheating!! You took 8K dollars for a dvd that can’t be understood and for patterns that we barely can see and happen! Who buy your dvds will lose time and money just to make someone like you happy! Shame on you man! Fake!
I learned the lesson 10 years ago, thank god im not with any gurus. I’ve never seen Warren Buffet, George Soros, Peter Lynch, Ray Dalio etc charged thousand of dollars for seminars, books, webinars etc.
These guys are definitely scams imo, if they can make 3 million dollars profit, they should atleast not charge that amount of money on their seminars, webinars, videos etc. It’s ridiculous.
so, there is a guy, with like 3M USD in his pocket that he made trading penny stocks and now he sells the whole bunch of stock trading training BS, right?
Training my ass, he barely speak English! We lost a lot more then we made with him!!!
Agree
Emmett,
The depth of your review is awesome…and very well written. As a consumer looking for trustworthy learning resources, your work is invaluable. Thank you.
I’m curious though…
As someone looking to invest money into Steven’s products, why did you only give him 4 stars for Honesty and Verified Trades?
Based on the facts of your review, especially pertaining to those points, and how the CEO of Steven’s own brokerage verified his account statements were real, why would those not be 5 stars? What held you back?
Is there something more you’re not telling us?
I think he gave him only 4 stars because of his possibly predatory tier scheme for his trading education he sells.
As a long time Algorithmic Futures Trader and System Designer I do not believe any pricing scheme is predatory IF IT YIELDS POSITIVE RESULTS.. None of us are required to buy such a system.. he should be free to charge what the market will bear!!
Loved the review.. I came to the conclusion that he was authentic a while ago based on his deailed analysis and understanding of patterns.
My feedback is took Steven’s course few months ago… for that price to be honest I expected much more, he barley speak to us on the chatroom, watch list not always posted, tracking not working, late monthly report, never saw all that patterns he spoke about just 2, the DVDs are a disaster, noises, Chinese accent very difficult to understand, he don’t have the skills to teach I’m sorry and we had some losses with him too. Overall he is a good trader and I think that if he will be more updated would be great. Better videos, better voice, replay to your students if you are really there too help!! thanks.
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Trader1 I am curious as too how any person young and old will get the knowledge to learn how to trade or the building blocks on their own? before you say google , you tube or books think about all the world class Olympic athletes or professional ones that win the “gold” or championship…. I do believe they had some form of basic to advance coaching to get to their peak performance don’t you think? I don’t hear them saying I won this Gold medal thank you to ” how to win Olympic gold medal for dummies book” I bought at Walmart… I used to think trading courses were a waste of money but it Is a start because colleges are not teaching day trading curriculum and Goldman Sachs “aint” hiring Joe from the 8th street to teach how too trade financial markets… you get the idea now?
“I am curious as too how any person young and old will get the knowledge to learn how to trade or the building blocks on their own? ”
I have no idea, but the standard answer is probably to meet and learn from others online in forums, etc. and spend countless hours of “screen time” honing your skills. In reality, day trading is almost completely a pipe dream sold by vendors. There are much better and higher-probability ways of making money…but they require work and not just sitting in front of your screen. I bought into the day trading myth about 13 years ago and tried trading S&P 500 eminis. I realized it was a loser’s game pretty quickly and that gurus (those who sell courses and random people on the internet offering free advice) never gave proof of their results.
I wish you well, but it’s a huge uphill battle trading against high frequency traders and algos designed by teams of PhDs with millions of dollars of research at their disposal. And they get smarter all of the time. If Dux has discovered some winning patterns, they’ll go away as algos discover them and arbitrage the profits. I’ve never seen a day trader continually profit through all sorts of markets. One guy (Dan something?) made huge profits during the late 90s dotcom era, but never replicated it afterwards, though he tried selling newsletters, courses, etc. The market has frequent regime changes, and when trends, volatility, etc., change, these intuitive traders are lost. Like I said earlier, if these guys could continue making 100%+ returns year after year, they’d dominate the Fortune 500 list…but there’s not a single day trading guru on there.
Oh your talking about Dan Zanger. True, he made a fortune in late 90’s tech bull. Then probably lost it all. Now he just sells shit. Living on the fumes from another era.
OhBOY here we go again….
So another day trading wonder that only “HE” can replicate the profits.
reminds me of daytrading power, dekmar ect ect the list goes on and on
what happened Emmet to getting redacted 3rd party audited broker statement from.. guess who… THE SUBS or student, sheep, fanboy whatever you guys call it these days.
Every person that features the ultimate GURU somehow we get the broker statements from them “with much to our surprise”
and yes Congratulations Mr. DUCK but it appears your trading systems is working for YOU and on your way to ultimate fortunes abound but i would love to know if other students take 20k and end up with million in 4 years.
I am willing to bet that, that white whale is still mysteriously lurking the ocean depths..
I am sure your students Mr. Duck have been marginally successful but we have NEVER in the HISTORY of tradingschools.org has seen any evidence of sub service students making millions and endless shrimp cocktail celebration with a plethora of Brazilian Bikini swim suite models overflowing the 80 foot yachts.
I want to eat crow so bad on this one but prove me wrong guy please do and I will happily do so because the guy seems genuine and appears to try to show his teachings of the pennystock trading world.
and when the fanboys show up and start banal talk back ,my question is are you a Millionaire student from Steve? I would love to know!
Nobody puts it out there like BigLou. He just says it as he sees it. And its always fun to read.
Trust me BigLou, I didn’t want to write this review. In fact, I dragged my feet on it for a couple of months. However, I had to report what I found, as I found it. He deserved a good review.
And so the next question…is this a front running gimmick? I don’t think so. Xiuxan’s trades last for an extended period of time. So the notion of front running the subs does not seem feasible. I believe he is the real deal.
Thank you Emmett and by no means I am reducing Steve’s accomplishments I mean coming from obscurity in another country with language barrier to 4 short years make it or rather say make it BIG TIME in an arena that thousands of not millions have desperately tried and failed is a day traders wet dream. It’s what every sub service furu out there really preys upon like what Timmy boy tried to do.
I am glad for the kid if he is legit I hope more of his students can come forward and say ” hey I can do it too here are my broker statements” I don’t care if they made 30k for the year at least students can show proof of concept.
I would like to remind the readers that what appears “easy” for Stephen is actually the result of 10 hours per day of study and prep work. The actual “action” of trading is tiny….but the prep work and study and thought and planning takes hours. He is very hard working and does seem to be very self motivated.
WOW, amazing information…it really brings a lot of light into how these scammers and fraudsters operate…good job Emmett
Thanks Sydney! Great to read your comment. And I love your website.
No relation to Frank “Bloodsport” Dux, right? That would make him pretty suspect–ha!
https://martialartsfraudsandfakes.wordpress.com/2016/09/17/frank-dux/
While I have no plans to day trade or learn from this guy, it’s an interesting write-up. If this is all legit, he appears to be a very intuitive “pure price action” trader, using no mechanical systems, indicators or stop losses. If I’m correct, it’s very hard (often impossible) to teach this to others. Very few people trade profitably this way for very long…if they did, the Fortune 500 would be made up of day traders.
Another comment mentioned a complex spreadsheet with a bunch of stats…but I thought this guy was a non-stereotypical Asian kid who doesn’t like math….so I’m confused. Is there a method to his madness or does he just kind of flow with the market action and make trades?
Can you do a review for Tim Grittani now? He was supposedly Sykes first millionaire student and a huge influence to Steven Dux, based on the Tim Sykes interview of Steven.
First and foremost, we should be grateful for the contributions made towards enhancing our journey by any individual directly or indirectly. No teacher is perfect. Never in history we will rely on one individual teacher. We should not forget to be grateful once reaching the top. That’s basic human value and costs nothing!
I don’t understand why the writer calls his style “highly speculative.” All trading is speculative, and every trade Dux makes is backed by high probability statistics. His courses aren’t cheap but they’re worth every “penny”.
In fact, Steven Dux was Tim Sykes student. Steven is real but I have no idea why he is try to pretend that he has never bought anything about Tim.
I suggest you to watch this video and play 2:30 (there is 3 patterns what Sykes developed way before Steven even recognized them)
https://www.youtube.com/watch?v=Li3-NwAj6t4
and in point 4:09 Steven tolds that Tim sykes is useful
and in point 5:50 Steven tolds that he has watched Trading Tickers DVD and watched hundreds of webinars (also Tim Sykes product)
and in point 19:24 “While you want to learn you have to go almost every single person in Tim´s team. Michael Goode, Mark Crook, Tim Grittani.”
I suggest all of you to watch that whole video, it shows that Dux DEFINITELY doen´t learn everything in his own, but make incredible hard work to working with those spreadsheets and statistics. Dux is not scam, he is 100% real but it is fact that he didn’t do EVERYTHING in his own, Tim was his mentor at the very beginning.
Amazing note.. Steven I got more info I never heard before specially in your early age in your town and the correlation with Tim Sykes… but very encouraging specially from this website that Normally crashed all the wannabes… good job Dux .. looking to learn from you!
There were two touchstones that I wanted to write about — but the article would have been too long.
1) I did not mention that Xiuxan originally had aspirations of being a professional gamer. I will be writing about this in a follow-up piece. This experience played a crucial role in his current success. In particular, strategy development, adaptability, psychology, and anticipation.
2) And, the real hero of this story…Xiuxan’s mother. This is another foundational piece of the story. I wish I could speak Mandarin. Surely, she is an incredible woman.
Xiuxan is not particularly brilliant, special, or outstanding. In fact, he is quite an ordinary human. He is very relatable. However, the confluence of life experiences has produced a very effective speculator.
In the truest sense, he is the quintessential modern speculator.
Hi Emmett, I look forward to your writing more about the connection between the development of Stephen’s trading psychology and the strategies he learned while playing video games. Methinks that many young gamers will appreciate the connection.
This site is ridiculous. Buying any trading course is a waste of money.
Trading is all individual psychology, and takes years to master.
Why would any “successful trader” waste his time building a course to take money from unsuspecting newbies?
I don’t trade like this guy, but I’ve been following him for a while. My opinion of the article is that it’s a little disrespectful at points…. but overall it let me know a lot more about his background which was good. I’m also curious how he got 4 stars for verified trades if he verifies on profitly and you called his broker lol but I agree that his pricing is bad. Especially since you have guys at places like MIC that are offering lifetime passes with all their content, free meetups, and live trading for less than what he charges for a year of his top mastery session.
MIC provides no real value , just racking up in sub money
I can’t really comment on the value they provide since I’m not a member. I take a more computational approach to trading. But I’ve been following the guys who started MIC (e.g. Alex and Bao) for a while and most people probably don’t know that Bao actually trained a lot of popular gurus (e.g. sykes, michaud, etc.) before they were famous and they give him no credit…. But the main point I was making is that Dux’s prices are outrageous compared to theirs and Bao likely knows just as much or more than Dux
A true trading gem. Once his svc is gone (the way he works cannot last forever) it will be hard to replicate his mechanics and thinking ability on your own without any of his guidance. Great read and love the initial hate!