Words of Rizdom

Steven Dux - Trading $27,000 to Over $50 MILLION

16 snips
Jul 1, 2025
Join Steven Dux, an eight-figure trader who transformed $27,000 into over $50 million, as he dives into the essential elements of successful trading. He shares insights on mastering trading psychology and the importance of strategy over impulse. Dux emphasizes learning from losses and the significance of a robust trading plan, particularly in volatile markets like biotech. Discover how gaming skills from StarCraft 2 shaped his approach and why staying informed is crucial for navigating market fluctuations. Tune in for a blend of strategy, mindset, and personal philosophy!
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ANECDOTE

Steven Dux's Trading Journey

  • Steven Dux turned $27,000 into over $50 million starting at age 22.
  • In 2022, he made over $6 million in a single day, holding a record for highest P&L.
ADVICE

Beware Big Win Traps

  • Avoid making huge one-trade gains as they often lead beginners to gambling habits.
  • Manage emotions carefully to prevent addiction to risky trading.
ADVICE

Persist and Control Risk

  • Stay persistent and don't expect instant profits in trading.
  • Use a risk system that reduces position size after mistakes to protect your account.
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