Steven Dux is probably one of the best traders on Youtube. While I believe he's 100% legit I wouldn't advise you to buy his trading courses. Read this article to find out why.
In this article, I’ll explain what you have to know before purchasing Trading Techniques and why your money might be spent better elsewhere.
Trading Techniques Review:
All in all, I'm rather disappointed with the course. While Steve offers a lot of information the course is produced poorly. Steve often stumbles over words and jumps around, all together I believe the course could have been structured much better. This all makes for a difficult viewing experience.
About Trading Techniques
Trading Techniques is an online streaming course created by Steven Dux to help traders make better decisions when trading penny stocks.
The course consists of over 60 videos that are about 15 minutes in length on average. The lessons cover topics like how to use technical analysis on charts, what stocks should be avoided and when it is a good time to buy or sell.
Together these video lectures help traders learn more about the big picture behind trading rather than just focusing on individual trades which can lead to inconsistent profits.
Who Is Steven Dux?
Steven Dux is a 23-year-old professional trader and author of the Trading Techniques DVD.
He has been trading since he was a teenager and now runs his own company called “Dux Capital Management LLC”.
The Trading Techniques DVD teaches novice traders how to trade in today’s markets, with lessons on topics such as market structure, position size, and more.
He’s most known for turning his college savings of $27.000 into $3.000.000 all before turning 21 and being legally able to gamble. It shouldn’t be necessary to tell you that these results are insanely impressive, especially considering he’s such a young trader.
Trading Techniques Pricing and Coupons
The Trading Techniques course can be purchased at a one-time fee of $1200 this grants you lifetime access to the course.
I’m not aware of any discounts at the moment but I know he does run some discounts from time to time so it’s definitely worth checking his youtube channel or his newsletter in case you’re planning on getting the course.
While $1200 is a lot for a digital product I don’t think Steven Dux overpriced his program, he managed to turn $27k into 3 Million so he definitely knows what he’s doing and should charge accordingly for his knowledge.
Trading Techniques Curriculum
The Trading Techniques course is broken up into several modules, in total it adds up to about 15 hours. The modules are as follows:
- Market Basics
- Trading Psychology
- Long and Short strategies
- Risk Management
- How to build your own statistical database
Market Basics
This is the introduction to the course, he explains what broker he uses, lists the pros and cons of a few brokers, and explains when to go with what broker.
His favorite broker seems to be CenterPoint Securities as he’s famously mainly a short-seller. He believes they’re the best broker if you’d like to sell short.
Once this is out the way he takes an interesting route, instead of explaining the basics of trading he points to a list of books that helped him get good at trading.
Personally, I’d have much rather him explaining the most important outtakes of the books but maybe that’s just me.
Another thing I dislike is that I remember him showing many of these books on his youtube channel before so I didn’t really see any value in him showing the books in this paid course.
After, he explains some basic market definitions. While I do like it when people explain the basics thoroughly I feel like his explanations were more of a definition I could find on Wikipedia.
I expected some more “pro” definitions from a course that retails for a regular price of $1200.
Here is his definition of a penny stock: “A penny stock typically trades outside of a major market, exchanges at a relatively low price, and has a small market cap.”
Furthermore, these definitions are written on a basic PowerPoint template without any images, this made it more seem like a 7-grader presentation on what penny stocks are rather than an explanation from a penny trader millionaire.
Trading Psychology
This was my favorite chapter of Steve Dux’s Trading Techniques DVD.
For traders, it’s important to understand why a stock is moving. If you don’t understand it you’re effectively only gambling and won’t be profitable in the long run.
Steven first explains the importance of why you should understand how a stock is moving. He does this pretty thoroughly which I found pretty boring, to be honest.
Once this is out of the way he explains his own trading patterns. This is where it got really interesting for me as this is why I bought the course in the first place. He goes pretty in-depth on why he believes certain moves on the market tend to repeat themselves and explains the reasoning behind it.
While he’s mainly known as the king of short selling he surprisingly talks about going long a lot as well which is great.
However, this is where the biggest flaw with this program comes in for me. I often find Steve to get carried away while teaching and skipping vital parts. The fact that English isn’t his native language certainly doesn’t help with this as he seems to be missing words quite often.
Long & Short Strategies
In this chapter, he teaches four patterns to go long and five to go short. He gives you a lot of information in this chapter to the point where I felt overwhelmed.
I felt like he was trying to squeeze too much information in this chapter, for every pattern he tried to explain what account size, what broker is best, the reasoning, and the main events of the trade.
While it’s great that he explains all this, it’s not so great when the information is structured poorly on different slides of his PowerPoint.
Furthermore, he seems to jump around a lot, I found it really hard to follow him in this chapter.
Don’t get me wrong I understand that analyzing the stock market, especially such a volatile market as the penny stock market, is difficult but I’d have wished that he included live examples. He solely relied on past examples making it hard to follow his train of thought.
Another thing I missed in this chapter is pull-backs.
Many times when trading the market myself I found myself getting caught in a pull-back. When trading breakout stocks this will happen quite often and he only touched on pull-backs very swiftly.
Risk Management
It’s my core belief that risk management is the most important part of trading.
Most beginner traders fail there as they don’t understand what risk their account can survive.
Pretty much all trading courses I have taken have at least one chapter dedicated to risk management and while I wasn’t overly impressed with this chapter I also wasn’t disappointed.
Steve does a good job of explaining how risk management truly works and how and when to cut your losses.
He breaks down what to look out for before entering a trade and what warning signs he pays attention to.
What I liked in this chapter is that he gives some good examples and doesn’t just say cut your losses quickly like some other trading courses I have taken before do. Instead, he gives some good insights into his thought process when price fluctuations happen.
He finishes the chapter on a great note that got me thinking, “We can’t always control how much we make, but we can almost always control how much we lose.” I have never heard that before and I can’t agree more with it.
Well, you might ask yourself now why I wasn’t happy with this chapter, the content of the chapter sounds good, right?
Yes, but the way the content is taught is not so great, Steve continues to use his very basic PowerPoint presentation in this chapter and often stumbles over words or misses words completely.
While this might be just my opinion I feel like this made my learning process much harder and not as smooth as it could be.
I’m not a native English speaker myself, as you can probably tell by my writing, and wouldn’t have any issues with him not being a native English speaker if it wasn’t for him missing words all the time.
Oftentimes in the course, you’ll notice him having to pause to think about what words to use best and I often thought to myself that the course would be a lot better if he would have taught it in his mother language.
How to Build Your Own Statistical Database
For many people that are contemplating joining Steven Dux’s course learning how to build your own database and spreadsheets will be one of the main reasons, they want to join.
I can’t think of any other big trading course of the top of my head that has a whole chapter dedicated to learning how to keep track of your data and put it in a well-organized database.
Steve is famous for precisely tracking all his trades and many traders, including me, were very interested in having a look at the database when he first shared that his course would touch on his personal database.
While I don’t think that he held anything back in the course regarding his database, I must say that I was a little bit disappointed after going through the chapter.
Most of his database seems to be handwritten and was hard to decipher for me.
It was interesting hearing him talk about what and why he exactly tracks but it sadly wasn’t anything groundbreaking for me.
Trading Techniques Course Quality
All in all, I must say that I felt a bit let down by the quality of the course. The course retails for a standard price of $1299, which is a lot for a digital product, and therefore my expectation of the quality of the course was high.
Almost all of the course is taught on a very basic PowerPoint template in green and orange with leaves in the background that look a little off considering it’s a high-priced trading course. I’d have liked some more graphics and not just text.
However, the look of the course wasn’t a dealbreaker for me, his style of teaching was what threw me off.
Steven is greatly talented and I’m sure a really hard-working young trader that knows a lot about trading. Nevertheless, just because you’re a great trader doesn’t mean that you’re a great trading teacher.
Over the whole course, I often had the impression that he wasn’t able to express himself properly. He often missed words and had to think about the correct way to express himself. Often times he stumbled over words or jumped around which made my learning experience much worse.
I believe that the course would have turned out much better if English would have been his native language.
Don’t get me wrong I have absolutely nothing against him not being a native speaker, in fact, I myself am not a native speaker, but it really threw me off every time he missed a word as you could tell by his facial expression that he wasn’t happy with the way he articulated himself.
Does the Trading Techniques Course Deliver?
I’m not exactly sure how to answer this question to be honest, while I don’t regret buying the course I certainly wouldn’t advise it to someone who is looking to buy one overall-quality trading course.
The information you buy the course for is there in some form, however, it’s presented to you in a very raw way. You’ll have to rewatch the course multiple times and do your own research and dig deeper to find valuable information.
For a trading course that retails at $1299, I’d have expected the content to be structured much better and taught in a better way.
Who Is Trading Techniques Best For?
It’s best for intermediate-advanced traders that already have a solid understanding of how the market works. While Steven goes over the basics at the beginning of the course he quickly advances to some more advanced patterns/theories so beginner traders might struggle.
I wouldn’t advise you to buy it if it would be the first trading course you purchase. I believe there are better options that you should get first.
Is Trading Techniques Worth the Money?
$1299 is a lot of money for a digital product.
However, you have to consider that Steven is a very successful trader who has made millions in the market and should therefore charge for his knowledge accordingly.
I believe that the value of the course is okay but not great, you’ll have to put a lot of time into the course to digest all the knowledge.
Trading Techniques Alternatives
For the reasons laid out above I believe there are better options to go for when wanting to invest in a trading course. My two personal favorite trading courses are the Humbled Trader Community and Learn Plan Profit from Ricky Gutierrez.
Learn Plan Profit is one of the most successful trading courses with more than 4.000 members. The course is taught by Ricky Gutierrez, a 23-year-old self-made millionaire from Arizona. It’s priced at $399 and offers a course as well as access to a private moderated trading community/discord.
If you're really into technical analysis ZipTraderU is a good option too.
The Humbled Trader Community is a monthly subscription-based community that is run by Shay “Humbled Trader”. The community comes in at a monthly cost of $139. It offers access to a video trading course and private moderated chat rooms with daily and weekly watchlists.
Trading Techniques Final Verdict
All in all, I'm rather disappointed with the course. While Steve offers a lot of information the course is produced poorly. Steve often stumbles over words and jumps around, all together I believe the course could have been structured much better. This all makes for a difficult viewing experience.
Pros:
- You get a rare inside view into the thoughts of a millionaire trader
- A lot of valuable information that is hard to find for free on the internet
Cons:
- Standard retail price of $1299
- Poor Production Quality
- Hard to follow
Common Questions
How much is Steven Dux worth?
The net worth of Steven Dux is estimated to be between $3-$5 Million.
Where is Steven Dux from?
Steven Dux was born in China and moved to the US as a teenager for college.
He invested $27.000 that was supposed to go towards his college tuition into the stock market. After losing more than half of it he borrowed another $10.000 and turned it into more than $1.3 Million in less than a year after starting trading.
When did Steven Dux start trading?
Steven was 19 years old when he started trading. He just moved to the US for college and invested $37.000 into the stock market and turned it into $1.3 Million in less than 12 months.
What’s the Age of Steven Dux?
Steven is 26 years old (as of April 2021), he was born October 18, 1994.
What cars does Steven Dux own?
Steven Dux owns multiple supercars such as the Mclaren 570. He bought it at the age of 22 from his profits from trading penny stocks.
What is the strategy/pattern of Steven Dux?
Steven Dux is trading penny stocks and according to himself has developed patterns that allow him to continuously outperform the market. He once said of himself: “I don’t gamble – I take calculated risks.”
