Part 2 of Jimmy please, he is asking what beginners will ask during interview and I love it is real not some fake ass question,keep it up jimmy and dux
this video is so wholesome...just two guys, a mentor and a mentee, being transparent and open about their current trading journey, about their struggles..also tonne of nuggets for new and experienced traders..
Jimmy is asking all the right questions. We received a bunch of valuable NEW information. Great work, hope to see more with him. Also Dux thanks for the openness
No one that follows this channel can test liquidity like Dux. You need a massive account to do that. It has nothing to do with "practice", unless you have a multi million dollar account. Our 1,000-10,000 shares will rarely move the stock for more than 2-3 seconds, then it returns to the norm.
I like this new series of podcasts. Learnt quite a bit here like what its like trading alone vs following someone like Dux, mental transitions in account size, risk management. A Good point was "experiencing those mistakes before you become better" - I think a lot of us take for granted that sometimes you must fail forward this way to become better. Think of it as increasing your mental capacity to tolerate pain. Also just a side note to the Dux team: get some sound proof padding for Steven's arms because every time he shifted his arms, or knocked on the table, the mic picked it ALL up hahah. Just a thought ;) We know its not intentional.
AWESOME VIDEO! Ability to make 30 second decisions is mandatory, although not always required, but you have to be prepared. They require scanners, hot keys, and really quick charting platforms. Anyone would be wise to invest in these right up front. Even if you are a breakeven trader. These can make the difference in you being profitable or not. Dux will probably tell you that once you are comfortable with your rules and your systems, that most decisions are more like 10 seconds. I have made trades that were 6 seconds long (round trip) and bagged 4-8% within that 6 seconds. I have also been involved in 10 second trades that were breakeven or small loss, that would have been disastrous had I stayed in the trade for even another 30 seconds.
Really great interview.. you get a sense for how successful traders should think. Not many pro traders out there willing to let you see how they think. Thanks Dux
They are! Thanks for watching. Understand that Steven Dux is a VERIFIED millionaire, for proof 👉 kinfo.com/portfolio/11253/performance If you do not believe it than take it up with Kinfo, as they are a third party verification service. Outside of that, your opinion is just that an opinion, in the face of facts. To Learn all about our products and services: 👉www.stevenduxi.com/collections Join Our Free Discord to get all your questions answered: discord.com/invite/q3BGJHs ***Please note that the comments section isn't the best place for debates or detailed discussions. 🚫💬 We will also, never DM you on any social platform to ask you for money. Want to take it a step further? Consider investing in your knowledge by learning directly from a verified millionaire ! 💰🎓💪
BTW Dux -- **can you tell how you determine if a pattern has failed?** I'm trying to track winning percentages (to determine position size), but I don't know in which scenario you would consider it fail. For Gap Up Short example, if it broke PMH briefly, -- by say 20%, did it fail? (Normally in this scenario, it would only fall back down to it's open, instead of going lower). Or if it worked in the opening hour, but then began to float rotate, and breakout past PMH at noon, does that consider fail, even if you made money in the morning? I've seen First Red Days, where they break Red, and then double bottom and reclaim Green. They hang around for a bit, then drop Red again later in the afternoon, or maybe stay green. Things change so much since a couple years ago.
His criteria for gap up short is very detailed because you short without resistance. Back in the day it usually happen around 9:30 spike enough% as mentioned in DVD and then drop around 10 or if it spike over that % it’s considered failed so have to wait until the pattern form to make a trade. That’s the ideal scenario for it to be gap up short. If it does not meet those criteria, it’s considered as fail but not necessarily because you can track it on your own to form a pattern for you. It’s just his specific strategy’s criteria and he is super disciplined about that, especially in this strategy. Now the market change and so does the time it start dropping. If you are a student I would recommend watching his webinars again. DVD I can say covering just a foundation. The real knowledge is in his webinars and you have to rewatch that multiple times to fully absorbed all the info.
Hello Steve, Im curious to know what makes you so comfortable entering position sizes of $3mill on these pennystocks? I woudl assume you only go these sizes on larger float stock so that you are not left trading against yourself
- every consistent loss = reduce size - volume sizing - when account grows bigger, be mentally prepared that the loss will look bigger - in 30sec when going into a position: think about risk management, sizing in right size, correct risk, correct max loss, being able to cut when the stock reaches a certain point. calculate position size. how much reward and risk do i have? is it worth it to go in today? is it overextended? (overtension, volume, size, float, market cap) - most billionaire cap has fundamentals so most massive panics or spikes have a reversal. eg drop 75%, reverses around 50% back up - first go in small and then when confirmed breakdown, size in more. go in by what average i'm most comfortable. if gap is too small, it'll make you nervous. between current price and price you shorted in - regular pattern: 1 entry and 1 exit. don't try to guess when momentum is going to shift - drop a little bit to test. how much 5000, 10000 shares will make the stock drop or not. if stock drops down a lot, it's done, if it doesn't move or goes down a bit and back up = stock still has a lot of strength. go in and test a few times to see how you affect the stock before going full size. (don't put half size because that's only if you're sure it will drop)
Hey Dux Does your Freedom Challange give students access to your database, the data sets you've collected, and the criteria for different patterns by which you will enter a play or not?
33:00 "I have been doing NONE of that." lol. Dux is on Grandmaster level, charting unknown territory. Figuring out the strength of a stock also seems unquantifiable to me, because it's so dynamic. You don't know if a pumper just joined in and take over the stock. Or a news article just released, so more people flood in at that moment. So you have to adapt constantly, especially with more traders in. I've also noticed that you can't stay in too long nowadays; since stock likes to come back a lot more now. Dux: you ever think about collaborating with other top traders to figure out these higher-tier concepts? New traders advance faster by collaborating with each other to share experiences, tips, to grasp the basic and intermediate concepts. Maybe if you collab'ed with someone like Grittani or another friend, you could make faster progress. I still like to break my position in parts, because some stocks you expect a push, but they don't. Like ADGI, which just did an all-day fader -- no push or no bounce at all. Wasted my locates. Now I think you should have a small open position.
Hi Steven, referring to Mark Douglas book, do you have any fear when placing a trade? I mean fear of losing, being wrong, missing out? or just accept the probability game of trading? thank you GOAT!
Enjoyed the interview . Hey Dux , do you ever question the morality of trading ? Profiting off of suckers / noobs that enter the market ? No hate just questioning.
what would the difference be if someone knew you made 10 million vs 50 million or 100 million, i dont get why you would be fine disclosing 10 million but not more than that, anyways love the content you are the best trader i have watched
@Steven Dux, Hopefully you and Matt will do another conference in Florida 🌞 when the World opens back up. 🌴 2022 Orlando is open for business. 🆗 God Bless You and Your Family.😉
How long is jimmy has been trading for because based on how he has been trading it appears he hasn't been trading for too long time...plus has he done any simulating trading before...just curious has to how he trade. ?
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress’s in earnings?would be appreciated
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $ 460,000 in 4 months from $ 160k , somehow this video has helped shed light on some things , but I'm still confused , I'm a newbie and I'm open to ideas,
Part 2 of Jimmy please, he is asking what beginners will ask during interview and I love it is real not some fake ass question,keep it up jimmy and dux
this video is so wholesome...just two guys, a mentor and a mentee, being transparent and open about their current trading journey, about their struggles..also tonne of nuggets for new and experienced traders..
Jimmy is asking all the right questions. We received a bunch of valuable NEW information. Great work, hope to see more with him. Also Dux thanks for the openness
I enjoyed this a lot. Jimmy was the star today for sure. Dux, I am impressed with how much better your English is getting, nice job man!
No one that follows this channel can test liquidity like Dux. You need a massive account to do that. It has nothing to do with "practice", unless you have a multi million dollar account. Our 1,000-10,000 shares will rarely move the stock for more than 2-3 seconds, then it returns to the norm.
I like this new series of podcasts. Learnt quite a bit here like what its like trading alone vs following someone like Dux, mental transitions in account size, risk management. A Good point was "experiencing those mistakes before you become better" - I think a lot of us take for granted that sometimes you must fail forward this way to become better. Think of it as increasing your mental capacity to tolerate pain. Also just a side note to the Dux team: get some sound proof padding for Steven's arms because every time he shifted his arms, or knocked on the table, the mic picked it ALL up hahah. Just a thought ;) We know its not intentional.
We are fine tuning the sound, hopefully we will have it better next episode. Thanks for watching.
This lesson is invaluable.. One of the most important topics, but not discussed enough . Totally awesome. Thank-you Steven
AWESOME VIDEO! Ability to make 30 second decisions is mandatory, although not always required, but you have to be prepared. They require scanners, hot keys, and really quick charting platforms. Anyone would be wise to invest in these right up front. Even if you are a breakeven trader. These can make the difference in you being profitable or not. Dux will probably tell you that once you are comfortable with your rules and your systems, that most decisions are more like 10 seconds. I have made trades that were 6 seconds long (round trip) and bagged 4-8% within that 6 seconds. I have also been involved in 10 second trades that were breakeven or small loss, that would have been disastrous had I stayed in the trade for even another 30 seconds.
Really great interview.. you get a sense for how successful traders should think. Not many pro traders out there willing to let you see how they think. Thanks Dux
i just love hearing Steven. please share more
I love this type of content. Great job Steve and Jimmy. Thank you for sharing
Glad you enjoyed it
I have been studying this video and it has helped tremendously. I appreciate the content.
The cats are so cute!! Thank you for your honesty, Steven.
They are!
Thanks for watching. Understand that Steven Dux is a VERIFIED millionaire, for proof
👉 kinfo.com/portfolio/11253/performance
If you do not believe it than take it up with Kinfo, as they are a third party verification service. Outside of that, your opinion is just that an opinion, in the face of facts.
To Learn all about our products and services:
👉www.stevenduxi.com/collections
Join Our Free Discord to get all your questions answered:
discord.com/invite/q3BGJHs
***Please note that the comments section isn't the best place for debates or detailed discussions. 🚫💬 We will also, never DM you on any social platform to ask you for money.
Want to take it a step further? Consider investing in your knowledge by learning directly from a verified millionaire ! 💰🎓💪
Great video, minor criticism -please work on the mic
Thank you guys for everything you do
Working on it!
interview straight gold! thank you dux for all of your insight and your always helping out with these videos, really appreciate it !
your english gotten much better steven u r a great podcast host
love this
Steven is a master shorter! It’s interesting to me to see the other side of the trade. I’d like to have a short strategy…. Much to learn.
Always great content. Wish you nothing but more success and 💰 🤑 💸
BTW Dux -- **can you tell how you determine if a pattern has failed?** I'm trying to track winning percentages (to determine position size), but I don't know in which scenario you would consider it fail. For Gap Up Short example, if it broke PMH briefly, -- by say 20%, did it fail? (Normally in this scenario, it would only fall back down to it's open, instead of going lower). Or if it worked in the opening hour, but then began to float rotate, and breakout past PMH at noon, does that consider fail, even if you made money in the morning? I've seen First Red Days, where they break Red, and then double bottom and reclaim Green. They hang around for a bit, then drop Red again later in the afternoon, or maybe stay green. Things change so much since a couple years ago.
His criteria for gap up short is very detailed because you short without resistance. Back in the day it usually happen around 9:30 spike enough% as mentioned in DVD and then drop around 10 or if it spike over that % it’s considered failed so have to wait until the pattern form to make a trade. That’s the ideal scenario for it to be gap up short. If it does not meet those criteria, it’s considered as fail but not necessarily because you can track it on your own to form a pattern for you. It’s just his specific strategy’s criteria and he is super disciplined about that, especially in this strategy. Now the market change and so does the time it start dropping. If you are a student I would recommend watching his webinars again. DVD I can say covering just a foundation. The real knowledge is in his webinars and you have to rewatch that multiple times to fully absorbed all the info.
Thanks Steven n Jimmie. What is your favorite trading pattern?
wise man, the best short seller, all my respect to SD
These podcasts are great, keep them up please!
thanks for being a blessing to this world
Steven dropping some heat 🔥
Thank you.
Jimmy. You got this
Hello Steve, Im curious to know what makes you so comfortable entering position sizes of $3mill on these pennystocks? I woudl assume you only go these sizes on larger float stock so that you are not left trading against yourself
this lesson was so valuable. I like being in FC!
Glad to hear it!
Yes bro keep up this podcast! I love it
- every consistent loss = reduce size
- volume sizing
- when account grows bigger, be mentally prepared that the loss will look bigger
- in 30sec when going into a position: think about risk management, sizing in right size, correct risk, correct max loss, being able to cut when the stock reaches a certain point. calculate position size. how much reward and risk do i have? is it worth it to go in today? is it overextended? (overtension, volume, size, float, market cap)
- most billionaire cap has fundamentals so most massive panics or spikes have a reversal. eg drop 75%, reverses around 50% back up
- first go in small and then when confirmed breakdown, size in more. go in by what average i'm most comfortable. if gap is too small, it'll make you nervous. between current price and price you shorted in
- regular pattern: 1 entry and 1 exit. don't try to guess when momentum is going to shift
- drop a little bit to test. how much 5000, 10000 shares will make the stock drop or not. if stock drops down a lot, it's done, if it doesn't move or goes down a bit and back up = stock still has a lot of strength. go in and test a few times to see how you affect the stock before going full size. (don't put half size because that's only if you're sure it will drop)
Thank you for this awesome content 💯
you are BALLER, thanks for sharing
Any time!
Very interesting topic, many thanks to both of you for having great questions as well as honest answers and sharing !!! :-)
THE LEGENDARY DUX
14:48 People have no clue how much experience it takes to get good when it comes down to this point 😅👌
i like the time u took on share/position size ..thx
Hey Dux
Does your Freedom Challange give students access to your database, the data sets you've collected, and the criteria for different patterns by which you will enter a play or not?
Thank you for the video!
Glad it was helpful!
does it work for crypto traeding
Dropping golden nuggets 👏👏
33:00 "I have been doing NONE of that." lol. Dux is on Grandmaster level, charting unknown territory. Figuring out the strength of a stock also seems unquantifiable to me, because it's so dynamic. You don't know if a pumper just joined in and take over the stock. Or a news article just released, so more people flood in at that moment. So you have to adapt constantly, especially with more traders in. I've also noticed that you can't stay in too long nowadays; since stock likes to come back a lot more now. Dux: you ever think about collaborating with other top traders to figure out these higher-tier concepts? New traders advance faster by collaborating with each other to share experiences, tips, to grasp the basic and intermediate concepts. Maybe if you collab'ed with someone like Grittani or another friend, you could make faster progress. I still like to break my position in parts, because some stocks you expect a push, but they don't. Like ADGI, which just did an all-day fader -- no push or no bounce at all. Wasted my locates. Now I think you should have a small open position.
Are statistics for long trades as consistent as shorting? Thanks
Steven, could you please do a video from long's perspective. Some reliable long patters and things to keep in mind as a long biased trader.
Thanks Dux
These are good Steven 👍
Jimmy is a great guest.
2️⃣x
Gather your own statistics is what you do
Hi Steven, referring to Mark Douglas book, do you have any fear when placing a trade? I mean fear of losing, being wrong, missing out?
or just accept the probability game of trading? thank you GOAT!
I always have that sense of fear but it’s part of the game. Gotta stick to what works. As long as you have an edge it will work out in the long run 👍
Thank you!
You're welcome!
Thanks for this!
My pleasure!
Jimmy GOAT 🐐 2023
Enjoyed the interview . Hey Dux , do you ever question the morality of trading ? Profiting off of suckers / noobs that enter the market ? No hate just questioning.
Steven, can you please make a video on how you made your 6 million day?
thanks
what would the difference be if someone knew you made 10 million vs 50 million or 100 million, i dont get why you would be fine disclosing 10 million but not more than that, anyways love the content you are the best trader i have watched
@Steven Dux,
Hopefully you and Matt will do another conference in Florida 🌞
when the World opens back up. 🌴
2022 Orlando is open for business. 🆗
God Bless You and Your Family.😉
We will be doing a conference in Cali in March. Haven't set the dates yet. Will keep Florida in the future too.
Experiential learning
Wash Out Rule, Read about it learn about it study it! I am having to pay Short term Capital gains on 60k that I didn't make!
How long is jimmy has been trading for because based on how he has been trading it appears he hasn't been trading for too long time...plus has he done any simulating trading before...just curious has to how he trade. ?
Not to be an asshole but this comment is exaclty why 90% lose!
DId you even watch the video? They go over this question....
Where is episode one
ua-cam.com/video/IDBh9M7PGI8/v-deo.html
Guy looking at Steven's hair: God, I wish my hair is like that.
How to take your classes Steven?
www.stevenduxi.com/shop/ Hope this helps.
What breed of cat do you have? Scottish?
Finally, we get to see the greed and the FOMO vs the rationale “statistical” confidence!……….edit: vs gut feeling
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress’s
in earnings?would be appreciated
longer episodes!
fix mic issues
Still working everything out on mic and camera views. Thanks for watching
You don’t know how he does it because your account size is a fraction of Steven’s.
To sum it up, there’s no shortcut bro. Do the work
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $ 460,000 in 4 months from $ 160k , somehow this video has helped shed light on some things , but I'm still confused , I'm a newbie and I'm open to ideas,
Love Jimmy's transparency.
But that means you are not learning 😂😂 Don't just follow people blindly... It won't help you in the long run
The dude on the right is one scary looking dude