For all those who say he's a scammer or trading on sim, then you haven't traded small cap stocks with size! I trade big cap. But for a short while I tried my hands on small caps/penny stocks. It's the wild wild west in small cap/penny stock land. Those things can move 4000% in a day(SPI). Or BPTH whcih was 10-15x in a day. For a "normal" day, these small cap stocks can move 20%-80% intraday. That's the norm. You gotta be quick or you'll be dead. This is how Steven Dux compound his account. He shorts these POS penny stocks and he makes 20-30% a day since they pop up and then loses all their gains within hours. Do it on 4x margin and compound at 20% a day or whatever then you'll see how these guys make so much money. I think Steven Dux is a way BETTER trader than Mad Max. Max is a gambler. Dux has even changed his trading style to be patient and wait for the perfect setup. Dux now only trade once a week or even less. When his perfect setup comes along, he goes in with size and makes $200K that day. Then wait for the next perfect setup. Steven's PNL is less volatile than Mad Max. Mad Max is like a crazed gambler. Going in with size every which stocks. With 6 figures swing every fcking day. I don't like that.
One thing I noted from reading trading success stories is that people take a lot of risk initially to grow their stake to meaningful level. Once they are set, they start reducing risk and trade less often - waiting for best opportunities which don’t come as often. As you mentioned, trading these heavily manipulated stocks is very difficult. I would not say he is a gambler, just tradings super volatile stocks.
Yep. I totally concur. Steven Dux traded super volatile small cap stocks initially to grow his $27K account to millions. But now that he has millions, he changed his style to be more conservative and more of a sniper. Look for the perfect setup, then load it with size. In and out. Six figures day. Rest.
I continue to be flabbergasted that people are actually foolish enough to believe strangers on the internet claiming to make fortunes trading pos cheap stocks. Let's see audited tax return proof of annual net profitable trading. From anyone claiming to make millions. Crickets chirp. Fill in the blank: "Upon investigation, the SEC/FTC found that contrary to million-dollar profit performance claims made by defendants on Twitter and YouTube, in fact defendants.... "
I make no performance nor profitability claims. I'm an award winning TASC columnist and Moneyshow speaker.
Lol. What does that have anything to do with trading profitably? You take money from people who want to learn to trade, yet they have no way of knowing if you yourself make any money. How you have the gall to throw dirt on other educators? No offense, but put up or ...
I've been trusted by thousands of traders since 1999 because I teach my "lessons learned" from my experience. I work hard to help traders learn from both my wins and stops. Keep trolling me and I'll ask Baron to ban you. Show some respect.
Why am I trolling you? You are being a hypocrite by asking others to provide proof while refusing to do it yourself. If Baron bans people for calling out BS, then ET becomes just another platform for scammers to pay for their agendas. At that time, I will have no use for ET.
False. I'm saying that vendors who make profitability claims that they are making fortunes should show verifiable proof. I am honest and make no such claims. Huge difference.