Humbled Traders
Verified 8-Figure Trader Explains Statistics & Trader Psychology | Steven Dux
Nov 12, 2023
Steven Dux, a verified 8-figure trader, discusses his record-breaking trading day, small-cap stock trading using psychology and statistics, recognizing patterns, and avoiding overtrading. He shares his trading journey and using earnings to pay for college tuition. The importance of tracking statistics for trading strategies is explored, including shorting resistance levels, stock selection criteria, and risk allocation. The chapter also touches on the Asian stigma around trading and personal motivations for trading.
56:59
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Quick takeaways
- Master trader Steven Dux emphasizes the importance of trader psychology, statistics, and extreme discipline in small-cap stock trading.
- Steven Dux shares his methods of tracking statistics and recognizing patterns to capture high-profitability trades while avoiding overtrading.
Deep dives
Steven Ducks' Trading Strategy: Using Psychology and Statistics
In this podcast episode, Steven Ducks, a verified trader, shares his approach to trading small-cap stocks using psychology and statistics. He emphasizes the importance of mastering trader psychology and understanding the psychology of other market participants. Ducks discusses tracking statistics and patterns to recognize high-profitability trades and avoid overtrading. He also shares insights on finding entry and exit points based on his statistics, including maximum volume retail and resistance levels. Ducks recommends focusing on long-term goals and staying disciplined to achieve maximum performance in trading.
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