Steven Dux is 25 years old and has verified over 6.5 million dollars in trading profits, through the penny stock market, over the last three years.
I wanted to bring Steven on the podcast because I think we share similar ideas about what it takes to become a profitable trader. In this episode, we will dive into Steven’s early life, how he got started, his backbone in trading, what questions he gets asked the most, how he formulates his strategies and many other aspects of his trading.
In the comments section/blog post, there will also be links to prove he has made this amount of money and other videos that show you how different verification sites work, plus some of his account statements.
Steven is one of the most transparent traders I know, and a very authentic human being, who has traversed the world and has become an American success story.
A little background about Steven: Steven was born in Chongqing, China, in October of 1994.
He has one brother that he loves very much. He has two loving parents, but he would say that he is closer to his mom than his dad. His mom is a very hard-working lady who raised two boys while having her own business.
At the age of 16, Steven came to America to attend his remaining years of High School in Ohio, with a host family, through an exchange program.
When Steven first arrived in America, he could not speak English that well, but eventually got better at it, just by being around other people. He then graduated from High School and went to College, where his study of the markets began.
My Own Thoughts
Steven offers useful insight into trading for those who want to become penny stock-day traders. His world is colored by data first, intuition second, and ultimately, that is what makes him successful in the trading world.
I have often said through many podcasts and interviews myself that day trading does not work; however, under certain conditions, my assertion seems to be wrong. Given specific volatility conditions like you find in the penny stock market and more significant stocks, day trading seems to be a profitable endeavor. As always, there are no rules on wall street, and anytime you think something is false, there always seem to be outliers among the heard.
Steven is this exception to my viewpoint. The other aspect I love about Steven is how transparent he is in his trading results. Many self-proclaimed gurus of the financial space say they make a lot of money but can never prove it. Steven has not only verified his claims third party via Profit.ly and Kinfo, but also has had one of his million-dollar accounts audited by a third-party vendor.
Despite his transparency, when you research Steven, many people claim he is a fraud without really giving evidence. When Steven’s team has responded to these outlandish falsehoods, the person never takes down their content or apologizes. However, as Steven said to me, “I use to care, but I still have the money in my account, no need to fight ignorance at the end of the day.”