Host Stephen Johnson may not be able to help with the algorithm for such a program, but he’s quick to create a name for it: the Duxinator. And Stephen has some incredible things in the pipeline.įor instance, those spreadsheets? Stephen would rather not deal with those thousands of spreadsheets forever, and so he’s working on engineering an AI system that can pore through his research and execute trades for him. As the interview unfolds, you’ll begin to realize how intentional his methods are, and how his success is very much due to careful monitoring and planning versus some random fluke trades.Īfter spending time talking about how Super Trader Stephen Dux has attained and is maintaining his trading success, the conversation shifts to future plans. He maintains thousands of spreadsheets which help him track patterns, which allows him to plot strategies and execute trades. Among certain circles, Dux is known as the “king of the spreadsheet”. As Stephen Dux acknowledges, he’s not the best at managing risk, so having a strategy is very important for him, and has been a key factor in his success.Īnother big factor in Stephen Dux’s success is his incredible spreadsheet system. In the podcast, he talks about how he tracks different sectors and catalysts to decide how and when to trade. In particular, one of the key aspects of his approach to trading is looking at it from a strategic standpoint. While studying engineering and accounting doesn’t necessarily inform his trades directly, he has been able to apply some of the principles of his education to trading. Not to make you feel like a slacker or anything, but in addition to being a superstar trader, Stephen Dux is also a student. Yeah, hosts Tim and Stephen (Johnson) are willing to admit that they’re a little jealous of that one. In spite of poor risk management, he began to make gains pretty quickly his first big profit was an incredible $12,000. The psychology if the stock market is similar in many ways to strategy, and it “clicked” pretty fast for him. Stephen Dux loves strategy games, and he began to look at trading penny stocks from a game player point of view. The fact that you can make a lot of money in a little amount of time didn’t hurt, either. He was intrigued by the volatility and action of trading penny stocks. He was initially skeptical that Tim’s offerings were a scheme, but after buying a DVD and checking things out, he became convinced that trading penny stocks was worth a try. After going down the Google wormhole, he came across Tim Sykes on social media. After a few small wins, he decided that he could make some serious money if he got his act together. Stephen Dux began his trading path began in early 2016, when he started out trading ETFs with a friend. There are all sorts of variables involved in every trader’s process and success, and you need to keep your own expectations realistic. When listening to interviews like this, do be inspired, but try not to compare yourself to the trader in question. As such, it’s important to realize that every journey is different.
We try to focus on ways to find consistent, steady success in trading. Remember: this is the Steady Trade Podcast for a reason. In this episode of the podcast, hosts Tim Bohen and Stephen Johnson interview this trading phenom about his meteoric rise in the penny stock world, how he did it, what he still needs to learn, and what keeps him going. Still in his early twenties, Super Trader Steven Dux has already earned $1.3 million trading penny stocks in less than two years. As part of this mission, we occasionally bring in guests who have found success in trading to help inspire you to pursue your own goals.Īs success stories go, it doesn’t get much more inspiring than Super Trader Steven Dux. We want take you from wherever you currently are in trading, whether you’re a newbie or an investor who wants to change to the day trading track, to where it is you want to ultimately go in your career. One of the biggest goals of the Steady Trade Podcast is to help you realize your trading goals.
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