Verified 8-Figure Trader Explains Statistics & Trader Psychology (Must Watch)
HTML-код
- Опубликовано: 15 ноя 2023
- Day Trading with Humbled Trader: bit.ly/yt20231116
Sign up for Free stock watchlist: www.humbledtrader.com/free
--------------
Ever wonder how much profit a retail trader can make in a single trading day? In this episode, we have a very special guest, the man of mystery, @stevendux .
Dux is a verified trader, and he holds the record for highest PnL in a single trading day in 2022, making over $6 million trading DWAC in one day. He’s very young but highly mature trader who has mastered the trading of small-cap stocks using psychology, statistics, and extreme discipline.
In this video, you are going to learn:
02:05 An advanced approach to small cap stock trading using trader psychology
15:10 Steven Dux’s methods to track statistics
27:42 How to recognize patterns and capture the highest profitability trades
36:41 How to avoid overtrading
Make sure to hit the like button, and join me today for a highly valuable episode with Steven Dux, with useful tips and strategies.
#tradingstrategy #stevendux #traderpodcast #stockmarket #daytrading #stocks #priceaction #livetrading #algotrading #chartpatterns #orderflow #tradingpsychology #statistics
--------------
▶️Learn Day Trading with Free Lessons: • Day Trading for Beginners
Day Trading Strategies (Advanced): • Day Trading Strategies...
Technical Analysis Masterclass:
• Day Trading Crash Cour...
--------------
My Trading Broker Platforms:
📈Webull Trading: bit.ly/ht-webull (Get at least 6 fractional shares)
📈Interactive Brokers - bit.ly/3bE82u4
📉Centerpoint Securities ($30K min) - bit.ly/3LKdlID
-Get $0 Commissions for 60 days
-Get 1 free month of Das Trader Pro ($120 in free value)
🍁Centerpoint for Canada ($20K min.) - bit.ly/3tgAFJi
--------------
My Stock Scanner
🔎 Stox.io - Best Stock Scanner to find the right stocks to trade (stox.io/?)
✅ Affordable (less than $42/mo compared to others at $150/mo)
✅ Built-in Humbled Trader Strategy Custom Scanners
✅ Simple Web-Based App- no downloads needed just open on any browser
✅ Accurate and fast stock data such as Float, Insider %, IO & more
--------------
📈 Follow my Investment Portfolio on Blossom App (Canada) - bit.ly/3DyHuaF
✅My REAL Social Accounts:
IG: / humbledtrader
TikTok: / humbledtrader
Twitter: / humbledtrader18
FB: / humbledtrader
--------------
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
AFFILIATE DISCLOSURE: I only recommend products and services I genuinely believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Get ready to comment down below your key takeaways from this podcast with Steven Dux!
I'm very inspired by his stats tracking methods and his unique reverse psychology mindset 📝📖
Why his body language is clearly showing as he is lying? 😢
@@HiHello-dude how so?
@@MarkzGurl77 yeah i want to hear this wonderful bedtime story also lol
How did you verify these trades?
Man I’m been watching your videos for a while now,I’m desperate,I have one question where do I start ? I just don’t wanna be scammed thx
There is a pattern I noticed about successful traders. They are always super humble. They are NOT over confident.
They're not trying to win an argument, they're trying to learn and constantly getting better at their art
there is a difference between confident and arrogant, confidence is good
Can't be that black ass rapper, right? lol
Yup I noticed the same thing.
5:40 Engineering background
8:50 Beginner’s luck
30:00 DWAC
32:00 3-4 trades a month
34:00 Scaling in and out
38:00 Overtrading 40:00
44:00 Routine
49:00 Trading is NOT for everyone
52:30 Diversifying
54:40 Hedge fund
Man thank you
Who are you ?
ummm ok
yes
Thank you
thanks Shay and Steven, you shared some really great nuggets of information in this video. All the best to the both of you!!
AMS79K
Don't try to replicate what this guy did. He took extreme risks that would wipe most others out. Be happy with small, consistent wins.
He didn't take extreme risks. He is very, very methodical and deliberate with his trading style. He rarely trades and only takes the best set ups.
Everyone has different risk tolerance. The point of the video isn’t for you to copy him but to learn his process and take bits and pieces to improve your own trading
Yeah the guy’s a real degen, something you can afford only while young
Yes, on the short side all is takes is 1 bad trade to completely blow up.
he knows his setups inside and out and knows his probabilities before entering his trades. if he doesn't, he doesn't take them. the average trader is not that rigorous
Thank you humble traded! Steven is an absolute gentleman and obviously a very bright individual, he deserves every cent he has made. Congrats Steven on your success and sharing your knowledge with us!
Certainly!
Certainly!
Certainly!
Certainly!
@@EnidSe Certainly!
he is one of the few honest traders out there, no BS
I've watched a lot of traders on youtube. There's always a comment like this.
no man this dude is no BS, you can tell this kid got it down, he has nothing to sell he already made it, he has no reason to lie. I watched lot of traders they try to sell something but this kid no,
@@cjack202003
One of the best interviews Shay. A lot of good info. Thank you.
Certainly!
Certainly!
Crazy dude. Very cool, calm and collected. The mindset trading big amounts of money is also key imo.
Thanks for this interview. It was truly awesome.
THank you both for this great interview! Loaded with lot of info ..
great job on the interview. I know it was a challenge to get the information out of him, but you did it! And you deciphered it so we could get more clarity to his subtle genius. I would love to get more details on his tracking methods
🙌
This guy had engineering background and have a vast knowledge on statistics calculations and safety reliable guising to come up with minimal loss or errors,statistic calculations,standard deviation is not enough but the right data to feed in for stat-calculations does make it effective,just to say trading is not for everyone.
The best trading interview video ever! Honest! No b.s!
Thank you
Positive vibes are the currency of the soul! Thanks for providing such precise information.
Wow, based on his mindset and approach, Steven seems to have a brilliant mind! Being wildly successful at such a young age in this most challenging industry is unheard of! I am blown away!
It's true, friend.
I agree
Yes, friend!
Yes, it's true!
You're unique. The rewards are approaching.
Please Shay, could you make a video to explain the mathematical methods to know how to calculate how far stocks can go. Steven explained it orally, but it's difficult to assimilate.
Thanks for the interview. So crazy, how someone so good at small caps, can be so wrong about big caps, and think he could bring the same strategy as a hedge fund.
My fave part is when he talks about overtrading and how costly it is to profitability
He is smart. He can learn any market in my opinion and kill it.
First of all, thank you Shay for this awesome podcast! I am sure within a few weeks this video will become one of your most watched. Be the story once reviewed both of your education offerings and said your's more towards beginners (easy to understand and easy to follow) while Steve's are more advanced. I can see why after watching this video. One thing is that you both agree on the psychology part of trading but Steven went on building the strategies of the psychology thinking along with the data. That is truly on another level.
Certainly!
Certainly!
The best trading course with artificial intelligence for those who are starting
Follow the @
@@Gptraderapp hello
Yeah! I'm really struggling to read charts, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I have about $110k set aside to create a good portfolio. I'd appreciate any reliable inputs.
t's not that hard. The strategies are just rigorous for the regular-Joe but are most successfully carried out by pros who have had a great deal of skillset/knowledge
This is the problem! Most times people with little or no knowledge of the market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Eleanor Johnston Sorensen and everything changed. In in the first quarter of this year i made $370k and counting
Sounds interesting, will like to know more
Successful trading is all about knowledge, experience and discipline, and you can achieve these virtues from anywhere with access to the markets. You can go anywhere and do anything you want, and still bring home money. What's better than going on vacation AND making money?
@tonyflyer8940 Eleanor Johnston Sorensen is a top trader that helps people out when it comes to trading.
both traders are humble.😊 keep up posting..🔥
I love all these interviews of the pro-traders. helps so much!
🙌
Please carry on these interviews. Especially questioning on the trade techniques and worse trade. It's definitely much more content beneficial then winning trades.
Thank you. I really enjoy every interview!
This guys risk tolerance is beyond amazing. The strategies he used is okay, he just understood very fast the market. But his risk management and tolerance is sooooooo amazing and suicidal at the same time😅😂
I didn’t know he started to help his family. That’s a good son. I’m glad he’s having success and hopefully his parents don’t ever have to worry about money. In the end…that’s all our hope. Help our family.
Thanks bud for keeping us financially Educated! Regardless of how bad it gets on the economy, I still make over $15,000 every
My wrist hurt's.......
Steven been on my follow for a minute. Thanks to both of you.
Shay, thank you for all the interesting vids you post. I just discovered you very recently and I think you are an amazing help to beginners traders. Keep it up !!!
This is the most amazing video Shay. Very much appreciated!!!
Glad it was helpful!
AMSAPHM9
Amazing content Shay! This young lad is extraordinary. I started profiting in trading after 3 years of studying on my own. Even until now, I take profits early within the range of 1-2 percent. However, I am happy with it and it suites my style. I think every trader has his or her own style, there level of risk, and psychology when it comes to trading.
Hey Kikop what study you recommend for some one new to the trade thanks
I will be seeing this interview more than once, loving the interview
thanks Shay🙏🙏, For bringing this amazing Young man to share his History to become a success trader in a very short periods of a months
Finally Shay interviewed Steven, I have waiting this video for a long time. Awesome, Shay....I love your videos and Steven 's videos as well, both of your videos have inspired me to trade stocks to get profits.
Thank you so much glad you enjoyed 🙏🙏
This content is worth gold. I immidiately started following him. Thank you so much Shay for introducing him. As always you are giving so much🙏
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Thank you so much for the nice interview.
Thanks for this a great interview. Clearly Steven has the eye of the tiger!
We all need to get together and raise money for Microphone Stands 😂
He is the gem,love to see him in your show.
Stay tuned for more exciting podcasts 😎
Whats his full name ?
@@HumbledTraderOfficial will you interview Mighty Stocks in the future!
@@joseyacabalquiej8395
Learn that and more in the info section of this video...go ahead try it😉
Indeed!
I really enjoyed the whole interview thank you :)
this guy had a ton of haters when i was watching his content back in 2015.. im glad hes still killin it
Really really well done, Shay. As always. I don't even trade, I just enjoy your style of content, following along on your story.
Absolutely.
Here's a question: Are you familiar with any AI designed for trading purposes?
See it as 'gptneon'.
Hello
Hello
I am Asian as well and was an international student in the US. I got into trading 8 month ago. Thank you for the interview. It is great to hear about your experiences!
I love that you have quality guests on this channel. I can almost always see through bs.
thanks for watching :)
Amazing interview, especially his initial trading journey and his approach, actually built differently😂
The GOAT himself 🔥🔥🔥thanks for bringing him on:))
This guy is a genius. The way he uses volume, float and MCap is just so unique.
Certainly!
Certainly!
@stevendux Can you explain what you meant by you wire money in when you see a play and wire money out afterwards. How can that be fast enough for day trading? Doesn’t it take hours to days to transfer money in and out of the broker?
This guy knows his stuff! His engineering skills and knows statistics definitely gave him the advantage! And most people, buy and sell blindly. 😂 he sounds humble too! Great interview!
its almost as if engineering helped him get an edge, I come from marketing and looking at excel sheets and crunching numbers all day defo helped me get over alot of issues people encounter
Hey, Shay, as usual amazing content! You don’t stop to surprise! You deserve each of your 1.13M subscribers!
I am considering myself lucky that I started my trading journey with HT back in mid-2020! Much Love! ❤️🙏
Thanks so much! Appreciate it hope your trading has been going well 😇😇
A lot of people would actually be better at trading if they have commitment. But then everyone just tries to make profit without proper researches, which often ends up in unavoidable losses.
Thank you for this content Shay!
My pleasure!
I am a regular followers of your videos. It is so much informative. Love you work. I have a question, " what is the scanner he used for filtering such stocks?"
what software plateforms does Steven use for his statistical analysis? seems a bit more than just excel ;-) thanks in advance!
Excited for this one 🔥
Gotta take notes 💪
2nd time to watch this episode. Thank you Shay!
Great cover. Good detail. Lots of nuggets to pick from.
When he said $17mil position I had to pause the video for a good 5 mins and try to comprehend what down ticks must have looked and felt like in real time 😳 would require insane level of nerves! Great interview 👏
Jesus.. i paused😅
$1..$50....$100....$17 mil......all the same when you already got a shitload of money and can make phatazz trades.....i've heard crazy figures often. Same as on binary options once you get over a certain amount you dont have to trade for pennies and worry much about blowing accts
True, and this is why you only focus on percentage number instead of dollar value...
ams66h
39:00 I've found a good pattern/strategy that works for me, doesn't happen very often so, this is exactly how I prevent myself from forcing trades. I look at the expected return over one year and I keep the results on my chart and this is working for me 100% now, more relaxed waiting for my entry signal and if it's a loss I keep it within my expected loss...I guess I'm on the right track lol
@@Cliktowtsapme get a life...
can you elaborate?
This was a very inspirational episode!
Great interview. Thank you I learned something
Shay's interviews always bring me down to reality. Thanks Shay. What questions should one ask themselves to determine if day trading is for them?
You’re most welcome!
How much time do you have to watch trades full market day? How many trades do you want to take, how much time do you have for research, planning set ups, algo or software to get in and out quickly, patience level, so much more...What ways can you make the process efficient for yourself, etc
Amazing interviewe
Always trial run with a fake, or paper trading account. It can be for anyone just as long as you trade to your personality. For instance if you get tired of looking at charts after 2 hours then only trade for 2 hours. If you can't get out of a losing trade on your own then don't worry, just set a stop loss. You learn a lot about yourself when trading 😊
if you can accept uncertainty, if you feel this is better than your job, if you can accept instability (you make money and lose money - you gotta manage it - the key is to make more than losing), treat it like a business (losses is your business expense).
It's not for anyone who can't risk money and still sleep well.
The good news is, you can always do it part-time no matter what job you have.
I met him in 2018 in Orlando. He was one of the millionaire students of Tim Sykies. And I met him at Tim’s trader summit.
No way! Tim skyies is the OG
Hello
Thanks for doing those amazing videos but I would ask if you can shoot another video of those amazing traders actual or live trading implying there advices and strategy’s.
I've always enjoyed both Shay's channel and Steven's, never did I think I'd be seeing them together!!!!!
cheers!
This channel is evolving brilliantly. These interviews have really got me tuned in again and I love it. I also have to admire the boldness of Shay. What an inspiration and appreciate her inclusive energy. Nice work.
thank you so much for the positive feedback :)
I totally agree. I love the interviews and the insightful questions. Thank you Shay for sharing your journey.@@HumbledTraderOfficial
Yes, that's accurate.
Here's a question: Can you point me to a good AI for trading?
The top AI trading tool is named
He seems completely unfased by the size of his trades, being able to keep cool with that kind of size is incredible, and in such a short time!
I would guess a lot of the confidence comes from his tracking
lol 6 months is how long it took him to be profitable. That's not how long he's been trading though. He's been trading for years and years
great interview, thank you!
Man you just have to appreciate the artistic and dedication discipline that goes into Dux's trading strategies. Technically he just gave us the "overnight success" recipes that will take half of 2024 to come to fruition.
His $6M recap voice in 2021 is as calm as in this interview. Dude is truly stoic!
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor CHRIS RYAN STEWART who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
Excited to add to my positions as the market drops. Looking forward to 10 years from now with the hope of retiring early.
Working Chris Ryan Stewart, I started my first stock in Feb 21, 2022 I noticed the market went down the whole year so now I’m up a lot of money endless we go back to the October lows I will keep putting more stocks super excited for 2024 the payoff will be great 😌😌
Can’t wait to get where you are at. I put 10% of my 401k/Roth when I get paid, which I don’t really watch. Then I put $400/paycheck in a dividend portfolio. They say the first $100k is the hardest.
i'm a full time retail trader for over 18 yrs. his trading experience is quite exceptional. little scary! i feel pretty pathetic that it took me 5 yrs to break even!! lol
In my 3rd year and I was profitable before than now. Isn’t that funny? I was aggressively making money but couldn’t keep it, now I’m playing too safe and either making a little or losing slowly. The reason why I believe it takes 2-3 years for someone and 5-10 years is very similar to also getting rich. There are guys making millions but it takes them 60 years and there are guys making a million a month. In trading if you play defense specially if you are trading with small amounts then you probably lose in the long run. Exponential bet sizing changed my trading forever. Aggressive on best setups and accept occasional withdrawn.
Teach me Senpai 😜😊
hes the one that made me discover day trading… and its amazing…
Absolutely love your style of video. Great questions too
Thanks so much!
I don’t trade after 11 either. First 90 mins of market is where you’re statistically getting the bigger moves
What time you think is the soft spot ? I recently started traded and I love it, so much to learn.
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Same here. I don’t know what’s the volume and gap number they’re talking about.
Great information to learn from. thanks!
This is so good please do another vid together learned so much thank you
Please ask the risk management strategy of every trader. That's the key
I just lost 30% overnight when my stock Gapped down and realized I will have to gain 50% to recover. The blow to my confidence is the worst.
Which stock …. ☹️
It happens. Average down. 🤷🏻♂️
Was it alibaba? I had profits and didn’t take them the day before… i feel so dumb.
We are all just bunch of dummies 😅😂😂😂
@@HumbledTraderOfficial $CSCO 10% down after hours x 3 to 1 leverage.
Best interviewer, you deserve every subscribe
HT this is awesome! I started off watching everything free I could and remember Tim Sykes and Duxs talking about his start. Have you thought about interviewing BOWs -Kunal Desai ?
This Man is the real deal. Great interview
For me, once I started actually using my levels, and not just putting them in the chart, trading became more of a process, and waiting for those levels gave me better entries/exits. So once the candles hit my setup, I know I’m out at a certain level, sometimes I do leave some profit in the table, but I find I balance out, and my risk is set. If I miss the entry and the risk becomes to much I just wait for another setup to come around or not 😂
That's the way...I had to learn the hard way to wait for my key levels. Trade from key level to key level 😊
Absolutely!
You're extraordinary. Success is just around the corner.
Can you guys share for a newbie example of levels in your system?
The best trading course with artificial intelligence for those who are starting
very helpful! thankyou i am still learning in the Nusantara fx community class
Hi, i enjoyed your channel so much. You mention eralier Tim Sykes, which video is that?
I used to watch him alot 2019 when i started trading pennies to learn where short would enter and where i can start exiting my long. I also his method of volume/float size/ market cap to understand the crazy range potential of each runner. Sadly after 2022 into 2023 pennies been dead due to high interest rate. If 2023 we get a large cap running like wild pennies by the time the fed starts lowering rates i hope 2024 we get a boom for pennies or maybe 2025. If large caps can run repeat 2021 run then i believ we should see similar pennies super nova on the horizon....hopefully😅
I watch almost all your interview videos. But why don’t you purchase microphone stands, Shay?! 😁
wow Steven is amazing just love his mind set
Very interesting indeed ! Thank you !
My pleasure!
Hi, Would someone be able to explain the concept he explains starting around 20:00 mark - "Multiply volume with the average traded price on that day to understand the threshold for which retail traders can pour in to that stock and once it reaches the maximum, then that means the stock will go down next day"? How would we know what that threshold is? If someone could enlighten me or provide additional detail here would be much appreciated!
Retail investors are limited to the 'Float' Insiders and Institutions are typically separate but form the balance of the shares outstanding. If 7 million bagholders bought the stock at $10 out of a 12 million Float, then 5 million might still be trading the stock at a lower price. Assuming the 7 million step back in to sell when the stock hits $9 or higher, is a reasonable guess, but there is on 5 million float left to sell to. Once they bought at $9+-, that still leaves 2 million holding which would keep downward pressure on the price. So theoretically it would take a 7M @ $9 (63M) dollar value to be traded before 'fresh retail' investors can come in. This is my best guess. Suggestions? Shay? Steven?
me too i didnt understand
Great podcast, 200 M a year 🤯🤯 Guy is a legend 💯
Legend
200M ? 🤔
Thanks for the definition pop-ups, I think its a great idea
Glad you like it!
teasing out the causation. works from diligence with specificity.
With 10 mil trading the spy, if you can catch a dollar move in call or put options and you buy 250k contracts at .30 and it runs to 1.30 and you sell, boom 25 mil
I don’t understand it. Can you break it down 😂
250k options is equivalent to 25 million shares. One day trade like this would be equivalent to 50M shares. SPY trades 50-100M shares a day. This kind of volume in options would be impossible. Not anywhere enough liquidity.
Absolutely fascinating!
14:00 6months to be profitable
1. Human Mistakes
2. Patterns psychological
3. Backtest w/ statistics
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
I’m not saying this because I don’t believe him…I was just wondering how you vet your guests? Do you look into their actual trading records, or take them at their word?
Thanks for sharing 🙏🏽
You are so welcome
Wow...he's obviously a very smart guy. Most of this was way over my head but I still found it interesting.