Steven Dux of StevenDuxi.Com

Steven Dux
  • Honesty
    (4)
  • Quality
    (4)
  • Cost
    (2)
  • Support
    (5)
  • Verified Trades
    (4)
  • User Experience
    (4)
3.8

Summary

Xiuxan Du is a true ‘rags to riches’ story. He came to the United States as a 15 year old foreign exchange student, with no money, and nearly zero understanding of the English language.

He was a mediocre high school student and not particularly good at math or science. Certainly not the stereotypical Asian student.

With nearly no financial resources, he scraped together a few thousand dollars by working odd jobs and began investing in the stock market. Fast forward a few years, and Xiuxan Du is now a multi millionaire stock trader. No kidding.

His life story is very compelling. All of his performance summaries have been audited and verified by TradingSchools.Org.

Pros

Performance is 100% authentic

Unique approach to investing

Is a kind person, and cares about his students

Cons

Trading style is highly speculative

Trades the extremes of sketchy penny stocks

Students should not attempt to shadow trade

Educational products are perhaps confusingly presented and pricey

Comments Rating 2.5 (2 reviews)

Thanks for reading today’s review of Steven Dux of StevenDuxi.Com. Who is Steven Dux and what is Steven Duxi selling? The Steven Duxi website is selling the following products and services:

  • Tier 1: $99 per month live chatroom. This includes Steven’s live trades and possible setups for the day.
  • Tier 2: $149 per month live chatroom.  The additional fee gives access to Steven’s 8 core strategies with historical backtesting and the potential probability of each trade.
  • Tier 3: Market Mastery Bronze $2,000 per year.
  • Tier 4: Market Mastery Silver $3,500 per year.
  • Tier 5: Market Mastery Ultimate $8,500 per year.

Each “Tier” builds upon the previous tier, like a pyramid. The more you spend, the more individualized attention and mentoring the trader will receive directly from Steven.

Steven is also selling a “DVD” for $1200 which reveal yet more ‘trading secrets.’

However, there is actually no “DVD” at all. I am curious why he would even describe his product as a DVD?  Instead, what he is actually selling is an online educational portal that teaches the 8 core strategies that Steven uses on a daily basis.

My initial impression is that there are too many ‘tiers’ and compartmentalized options. It is confusing. It’s too commercialized. It is capitalism run amok. In fact, I would say that these sorts of pricing schemes appear to be predatory.

As a reviewer of trading products and services, I should not have to “peel away” the layers of capitalism to find the sumptuous truth. As consumers, we should be offered elegant and simple solutions that quickly help solve our problems. Unfortunately, as it currently is presented, Steven’s product offering is clumsy and confusing.

Regardless of Steven’s clumsy and ham-handed approach to selling, we should look away at this train wreck and now focus on who this guy actually is, and whether he is actually a trader.

Steven Dux and Timothy Sykes

TradingSchools.Org first became aware of the Steven Dux website back in 2018. In total, we received over 50 requests to review the trading products and services.

However, the messages that we received were typically tagged with, “another Tim Sykes scam” or “yet another YouTube fake stock trading millionaire needs to be exposed,” or “this guy is definitely a scammer.” You get the picture.

The uncorroborated and colorful opinions had less to do with Steven Dux, and more to do with Timothy Sykes. As we have learned from past experience, nearly everything that Timothy Sykes is selling will look golden on the surface, but the more you touch his products and services, you discover that everything is actually coated with gold spray paint. The more you handle it, the quicker you realize the messy golden tarnish reveals a cheap plastic interior.

In fact, we witnessed a Tim Sykes interview with Steven Dux. On the surface, it appeared that Timothy Sykes had ‘created’ this ‘golden creature’ in which to use as a marketing stooge to sell yet more worthless DVD’s, educational packages, and some other “wizard” bullshit that Sykes is always spouting.

As a critical reviewer, Steven Duxi had the look of an exploited prostitute, dipped in gold, that Sykes was pimping out over the internet. You know how the story goes…Sykes marches out this fresh-faced kid that supposedly learned everything he knows from the master Sykes and now the padawan apprentice prostrates himself before the magical master.

Which is basically what the video portrayed. How this “kid” got rich after learning Sykes supposed secrets. I expected this stunt to quickly fail.

However, as the months passed, I received yet more requests to review this supposed “super trader” Chinese kid that somehow ended up in a small town in Ohio. Very odd. And not very believable.

Regardless, and under much pressure from readers, TradingSchools.Org decided to take a closer look in January 2019.

Contacting Steven Dux

Beginning in January 2019, we began collecting as much public information as we could about Steven Dux. Which was easy. Steven was all over YouTube proclaiming that he turned $20k into $900k. And then more videos of how he supposedly was up $1.5 million.

Incredibly, yet more videos followed of how he supposedly was up $2 million, and then $3 million, and then $4 million. Like mushrooms that magically appear on a fresh cow patty, the millions were mysteriously and quickly stacking up. But who would actually believe such nonsense? I certainly did not.

These sorts of investment returns are the stuff of social media marketers, hype specialists, carnival barkers, and petty con artists looking to make a quick buck. No reasonable person would actually believe that a mere mortal could turn $20k into $4 million in 4 years. Personally, I thought to myself, “writing about this is a waste of time” and “it cannot possibly be true.” Yet, I pushed forward. This skinny Chinese kid needed to be exposed.

Next, I created four separate and unique email addresses and began a series of email exchanges with Steven. Each ‘character’ behind the email was increasingly more shrill. The intention is to test the character of the vendor. One identity will be cordial and lightly probing. The next character will be slightly more angular and sharp in response. The final character is tough and prickly.

The purpose is to ‘tease’ out useful information and form a collage that reveals the deeper meaning. None of the email exchanges went well. Essentially, I wanted to get access to actual brokerage statements that verified the supposed performance claims. At every level, Steven simply refused to cooperate. I was left with only one conclusion…he must be a scam.

My final email to Steven was direct and pointed. I revealed myself directly as “that guy from TradingSchools.Org.” The shadow of death had finally arrived at Steven’s door. And I was now going to absolutely roast him. All of my evidence was in the bag, the cards were on the table, and I felt I had him cornered. Now I would deliver the killing stroke to this “Tim Sykes” fake golden creature.

But then to my surprise, Steven responded “I am familiar with TradingSchools.Org. What you do is sometimes horrible. Often inaccurate. But terribly needed.” To my shock, he consented to a full review. All of his cards would be turned, the truth would be revealed.

Dialogue, Brokerage Statements

Over the next several weeks, both Steven and I began a series of exchanges and back and forth question and answer sessions.

Truth be told, I thought he was lying to me. Trying to delay the inevitable. As I have learned the hard way, many of these so-called investment guru’s are top notch bullshit artists…they will delay and delay and delay in getting me supporting documentation. All in the hope that if they are “nice” or “friendly” that I will somehow not write the truth. It doesn’t work.

Eventually, to my utter shock. I began to receive exactly what I had asked…actual brokerage statements.

Initially, as I began to read these brokerage statements, I was absolutely shocked. Month after month, the balance kept going higher and higher. The trades listed, one after the other.

But still, I refused to believe. I thought to myself, “this clever kid photoshopped this.” And photoshopping account statements is nothing new at TradingSchools.Org, in fact, we have witnessed over a dozen such instances. I thought to myself, “this is just another photoshop.”

However, the account statements contained a key clue. The brokerage was Trade Zero. Most readers are not aware, but I personally know the owners of Trade Zero brokerage. In fact, I am on the phone with Dan Pipitone, the director of Trade Zero on a constant basis. We talk about industry changes, emerging trends, and how Trade Zero is constantly adapting to a changing marketplace.

Dan Pipitone of Trade Zero is brutally honest. He is the sort of no-nonsense type character that will quickly throw you under the bus — if he senses bullshit.

And so, with Steven’s permission and written consent, I forwarded the account statements to Dan Pipitone for examination.

Conversation with Dan Pipitone of Trade Zero

Several days later, Dan had concluded his audit of what I had presented. Essentially, I wanted to know if the statements were real. And if the statements were somehow ‘blended’ from various account statements.

What does ‘blended’ mean? Let me give you an example, a couple of years ago, I wrote a review about a live trading room that specialized in Futures trading. The trading room moderator sent me a series of account statements to verify his supposed amazing track record. The track record revealed a 90% win rate.

I became suspicious and contacted the broker. After further examination, it was revealed that the account statements were actually compiled from two separate accounts.

The scam was clever. The ‘trading educator’ would simultaneously buy in one account, and sell in another account. Every day, he would pluck the record from the winning account and then paste the winning trades together into a document that appeared to show a nearly flawless win rate.

The ‘trading educator’ was undoubtedly wasting commissions, but building an amazing track record in which to sell products and services.

This was my concern with Steven Dux, that he was somehow trading from two separate accounts, and only presenting the winning trades.

That theory was laid to rest. Dan Pipitone concluded that the account statements were indeed authentic. There was no chicanery.

It is an undeniable truth, Steven Dux has in fact earned millions of dollars ‘day trading penny stocks.’ This mystery is solved.

About Steven Dux (Xiuxan Du)

I am not going to waste even one minute talking about Steven Dux supposed trading strategies. For the purposes of this review, I feel that it is irrelevant. Why? Number one: you can watch Steven’s many YouTube video’s where he describes exactly what he is doing. And why he is doing it.

However, I do believe that it is highly relevant that we study him individually. His life story is very compelling. And as his life story is revealed, this too reveals his character and gives many clues as to ‘why’ he is successful.

First things first, Steven Dux is only his ‘American’ name. His name is actually Xiuxian Du. He was born in Chongqing, China in 1994. For those not aware, Chongqing is not one of the coastal cities that most of us are familiar with (Hong Kong, Shanghai, etc). Instead, Chongqing is located deep within the interior of mainland China.

During World War II, the Japanese invaded coastal China and aggressively pushed eastward towards Chongqing, which at the time was China’s WWII capital. As they pushed eastward, the majority of the Chinese population were also pushed eastward (those that survived). At the time, the Yangtze and Jialing rivers were considered to be the final defensive point in which the Chinese had to defend, or ultimately be annihilated by the Japanese.

From 1938 to 1943, the city was under constant terror bombing where thousands of civilians were killed. Eventually, the city was reduced to rubble.

After WWII, the city was eventually rebuilt and served as an important shipping port that moved goods down through the mighty Yangtze river. Basically, since the mid-1990’s the city of Chongqing has grown by leaps and bounds. Some describe this city as the “Hidden City” and yet others describe Chongqing as the “City of Commerce and Trade.”

Of course, most readers are familiar with the Three Gorges Dam, located in the region. In fact, from this dusty and dirty area, from this hearty soil, Xiuxan Du was born.

In my interview with Steven, he described his childhood as difficult, yet dynamic. His mother, from a dirt poor area, sought to take advantage of the rapid growth and eventually opened a small store that served the local community. The store grew and thrived. This served as an early lesson in basic commerce for Steven.

Eventually, Steven’s father became interested in real estate and borrowed money from Steven’s mother to speculate on land. Apparently, it worked out very well for Steven’s father. Unfortunately, Steven’s father never repaid his mother. And to make matters worse, he abandoned the family once he had acquired wealth. This was yet another hard learned lesson about how people change for the worse, once they acquire wealth.

To make matters worse, Steven had a little brother. And since his mother was busy running the store, Steven was responsible for caring for his little brother. Basically, from a very early age, Steven was expected to be “the man of the house.”

Xiuxan Du Comes to America

As incredible as this story already sounds, it gets even more incredible.

At the tender age of 14, Steven somehow convinces his mother that he should leave “the store” and that she should give him enough money to come to America.

So what does Steven do next? Of course, he gets on the internet and begins researching on how to become a foreign exchange student. After a good deal of research and effort, he eventually finds a family in Cincinnati Ohio that would be willing to accept him, until he finishes High School.

One thing leads to another, and the next thing you know, Steven has convinced his mother that “its a great idea!” and that she should hand over her meager savings so that he can buy a plane ticket to this strange place called “Cincinnati” in a state that he could not even pronounce (Ohio).

Now consider this…Steven speaks no English. And yet, at the age of 16, he boards a plane with only a backpack of clothes suited for 80-degree weather. And he arrives in Cincinnati in the dead of winter. Wearing shorts and sneakers. Apparently, he thought he was flying to Hollywood but quickly discovered that Cincinnati and Hollywood have little in common, especially in the winter.

Steven then arrives at his new foster families house. They thought he could speak English. Boy, were they surprised when he didn’t speak a peep of English. This was not your average exchange student.

The next evening, the family prepares a “special meal” to celebrate the arrival of Steven. When Steven took a look at the plate of food, he had no idea what this strange brew of meat and vegetable matter could possibly be. He quickly learned that he liked the local delicacy, something called “mashed potatoes.”

A few days later, his wonderful new foster family drives him to his first day of High School. He arrives overjoyed but speaking absolutely no English. However, after only a few hours, he is pulled out of class and escorted to the Principles office. Of course, the principle speaks no Chinese and cannot pronounce Xiuxan Du. However, his ID says DuXiuxan, and so the principle of the school simply called him Dux (ducks). The name stuck.

The conversation with the school Principle did not go well. In fact, Steven was at the wrong High School altogether. So, his foster family had to pick him up and drive him to a completely different school. What a rough start.

Steven Dux: the high school years. And the need to make money.

Eventually, Steven became more and more fluent with “Ohio’s version” of English. And he did pretty good at school. All things considered, he did well enough to be accepted into University. He mentions both environmental engineering and accounting, but I believe the truth is probably a bit more complicated.

However, from the time that Steven arrived in America, he worried about where he was going to get money. He couldn’t rely upon his mother, and his father was providing absolutely no assistance whatsoever. So, while in high school, he took on odd jobs and began saving.

While cruising around the internet, and still barely able to understand English…he stumbled on Timothy Sykes. Like all of us, he was mesmerized by the orange Lamborghini and the bikini models that Sykes flaunted. Did he buy any of Sykes products or services? No. As he explained to me for this review, he didnt buy any of those products “Because I couldnt understand what Sykes was saying.”

Instead, everything that Steven has learned is from simple observation and the backtesting of different ideas using nothing more than common spreadsheets.

From these simple observations, he opened a trading account with his $2k savings and while in high school, parlayed this into $10k and then $20k.

A short time later, he heads off to college and while studying, he gets even more active in the stock market. He then pushes his $20k into $100k. Next, he submits his track record onto that swamp pit known as Profit.ly and then Tim Sykes takes notice of what is happening.

The next thing you know, Tim Sykes is parading his new pet across the internet, claiming that he “trained” Steven with his secret methods.

According to Steven, nothing could be further from the truth. In fact, in retrospect, Steven feels that he was incredibly lucky to avoid much of the misinformation available on the internet. Not because he sought to actively avoid it, but because he simply could not understand what they were selling.

Steven Dux: the here and now. And random observations.

This article has gone far longer than expected. I will wrap this up with a few random observations regarding Steven Dux.

Observation A: Steven Dux uses NO INDICATORS whatsoever. He believes they are worse than useless. That they only seek to trick the mind into believing something is happening, when actually the indicator is only interpreting an irrelevant past.

Observation B: Never place a stop loss on public display. He believes that if you rest a stop loss order, the market is going to naturally attract to fill that order. Instead, use mental stops and exit when your exit point has been touched.

Observation C: Every single trade needs to have three components. The entry, the stop loss, the profit target. You never deviate away from the original plan. And when I say never, I really mean never.

Observation D: Don’t be afraid to trade into extremes. When the market is unsustainable and parabolically moves higher — don’t be afraid to short. When the market crashes, don’t be afraid to be a buyer.

Observation E: Avoid paper trading. All of the stock paper trading platforms are slanted and biased to filling orders easily. The paper trading platforms are meant to trick you into believing that trading is easy. He likens them to “free” slot machines at a casino that creates the impression that the real machines will pay like the “free” machines. Don’t waste your time.

Observation F: Start with a real trading account and trade live immediately. The wins and losses will build the emotional foundation that you must rely upon later.

Observation G: Avoid the financial media. Its useless and totally pointless. There is no edge that will be revealed by watching a financial TV show or reading news articles.

Observation H: Let the PDT rule be your friend. Its there to protect you. It prevents over trading and refines your focus on only taking the juiciest setups.

Observation I: Avoid predatory chatrooms that “pump and dump” to their subscribers. We all know who they are.

Wrapping things up. And my final observation.

Thanks for making it this far. This article spanned over 3000 words. Way too long.

However, I want to give one final observation. And this came from Dan Pipitone of Trade Zero. I asked Dan, “what do you think is the real secret of Steven Dux?” Dan replied, “Steven is one of the best at shorting that I have ever witnessed. He sells the shitty stocks that the pump artists are always buying” and “Steven is a highly focused contrarian that dances to his own tune. Everything he knows comes from a past that is unpolluted by the hordes of trading educators pushing BS services.

Well, there you have it. Thanks for reading. And I would love to read your comments below…

38 Comments

  1. JC May 13, 2019
  2. SapphireTrader May 13, 2019
    • Eliye May 14, 2019
      • SapphireTrader May 15, 2019
  3. Trader1 May 13, 2019
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    • Emmett Moore May 13, 2019
      • Carla May 14, 2019
  5. Alex T May 14, 2019
  6. Keith May 14, 2019
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  9. Longshot May 14, 2019
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  11. Sydney May 14, 2019
  12. Carla May 14, 2019
  13. BigLou May 14, 2019
    • Emmett Moore May 14, 2019
      • BigLou May 15, 2019
  14. BigLou May 15, 2019
    • Longshot May 15, 2019
      • Emmett Moore May 15, 2019
  15. Alex May 16, 2019

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