Hi there! I'm Steven Dux, a verified trading educator with over $12 million in trades. I've developed the Freedom Challenge, a program that's transformed many into successful traders.
My journey hasn't been easy, but I've learned that success is a marathon, not a sprint. Keep reading to learn more about my story, and remember, every step forward counts in your trading journey.
As the final chapter of my academic journey approached, so did the expiration of my authorization to stay in the U.S. The job market seemed barren, leaving me feeling like a ship lost at sea. I once had an anchor - my ex-girlfriend - but she had sailed on, leaving me alone to navigate the murky waters of an uncertain future.
I believed that daily gym sessions would amplify my self-esteem, but each time I met my reflection, a sense of worthlessness stared back. The gym was nothing more than a distraction, a mirage of self-improvement, much like the countless nights I spent immersing myself in the world of markets.
Caught in the monotonous cycle of a night shift job that no other college student would touch, I stumbled upon an exhilarating lifeline: trading. It became my beacon of hope, my escape route from the mundane.
In forging my own destiny, I dared to breathe life into the extraordinary visions that once danced in my schoolyard daydreams.
This was my grand scheme. Yet, the plot twisted when I plunged my entire year's tuition into an investment and watched half of it evaporate in an instant. So, there I was, back in the gym, wrestling with the weights and my self-doubt, determined to validate my worth.
I found myself at the lowest point in my life, feeling isolated and out of options. The prospect of returning to China and facing my father's smug "I told you so" loomed over me. I would be forced to return to a place where individuality was stifled and conformity was the rule. In America, I had the chance to carve out my own unique path.
But even that opportunity seemed to be slipping through my fingers: I was single, penniless, and on the brink of financial ruin after my father cut me off. With no other alternatives in sight, I decided to take a leap of faith on one last venture. If it failed, I'd have to sell my car and most likely return to China. But if it succeeded, just maybe, I could build the life I had always envisioned for myself.
Unexpected Journey
Discover the story of my journey to America at just 14 years old, leaving behind my parents, brother, and the life I knew in China.
Discover how my insatiable curiosity for understanding how things work, exploring the reasons behind their function, and constantly seeking more efficient methods has shaped my journey.
Explore how my relentless curiosity transformed into a secret superpower, paving the way for a thriving trading career and turning $27,000 into over $10 million.
Unraveling how a health setback like an ulcer ignited my passion for travel, the ocean, and ultimately guided me towards discovering the life I truly yearned to live.
If you do not agree with any term or provision of our Terms and Conditions, you should not use our Site, Services, Content, or Information. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions.
Dux Trading LLC may publish testimonials or descriptions of past performance, but these results are NOT typical, are not indicative of future results or performance, and are not intended to be a representation, warranty, or guarantee that similar results will be obtained by you.
The experience of Dux Trading LLC with trading is not typical, nor is the experience of traders featured in testimonials. They are experienced traders. Becoming an experienced trader takes hard work, dedication, and a significant amount of time.
Your results may differ materially from those expressed or utilized by Dux Trading LLC due to a number of factors. We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
Available research data suggests that most day traders are NOT profitable.
In a research paper published in 2014 titled “Do Day Traders Rationally Learn About Their Ability?”, professors from the University of California studied 3.7 billion trades from the Taiwan Stock Exchange between 1992-2006 and found that only 9.81% of day trading volume was generated by predictably profitable traders and that these predictably profitable traders constitute less than 3% of all day traders on an average day.
In a 2005 article published in the Journal of Applied Finance titled “The Profitability of Active Stock Traders” professors at the University of Oxford and the University College Dublin found that out of 1,146 brokerage accounts day trading the U.S. markets between March 8, 2000 and June 13, 2000, only 50% were profitable with an average net profit of $16,619.
In a 2003 article published in the Financial Analysts Journal titled “The Profitability of Day Traders”, professors at the University of Texas found that out of 334 brokerage accounts day trading the U.S. markets between February 1998 and October 1999, only 35% were profitable and only 14% generated profits in excess of $10,000.
The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders. At a minimum, these studies indicate that at least 50% of aspiring day traders will not be profitable. This reiterates that consistently making money trading stocks is not easy. Day Trading is a high-risk activity and can result in the loss of your entire investment. Any trade or investment is at your own risk.
Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal, or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity.
This does not represent our full Disclaimer. Please read our complete disclaimer.
Citations for Disclaimer:
Barber, Brad & Lee, Yong-Ill & Liu, Yu-Jane & Odean, Terrance. (2014).
Do Day Traders Rationally Learn About Their Ability?. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2535636
Garvey, Ryan and Murphy, Anthony, The Profitability of Active Stock Traders. Journal of Applied Finance , Vol. 15, No. 2, Fall/Winter 2005. Available at SSRN: https://ssrn.com/abstract=908615
Douglas J. Jordan & J. David Diltz (2003) The Profitability of Day Traders, Financial Analysts Journal, 59:6, 85-94, DOI: https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578
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