Q&A with Millionaire Pennystock Trader Steven DUX — Transcript

Full transcript

1. 0:00let's look at Stephen doctor in this
2. 0:02YouTube video we're gonna talk about
3. 0:03some of the questions that people ask me
4. 0:06in the YouTube videos and I select a
5. 0:08couple questions that a lot of people
6. 0:10want me to answer so here we go
7. 0:12hopefully you guys enjoy this videos and
8. 0:15all of you should be helpful alright so
9. 0:19first question what do trade Forex
10. 0:23what broker do you use so actually penny
11. 0:26stocks also called micro cap and I don't
12. 0:30really trade Forex
13. 0:31so what broker do you use I use trade
14. 0:34zero Centerpoint
15. 0:38as well what strategies do you use when
16. 0:41you short mvy on day two now this is a
17. 0:44tricky question because it's not really
18. 0:46qualified as any type of pattern
19. 0:48it's a multi-day runner green to red
20. 0:51short that craft a major momentum I will
21. 0:56talk about that strategy later but this
22. 0:59doesn't really qualify the pound short
23. 1:00cap up short so it's a multi-day runner
24. 1:02now typically when the stock loses about
25. 1:0550% of its going again in really short
26. 1:08amount time the stock is considered to
27. 1:11be lost its momentum so I'll be why it
28. 1:15did that and that's why I shorted it
29. 1:16into a bounce of course not setting too
30. 1:19much because it didn't really bounce
31. 1:21that far
32. 1:22that's the question number two number
33. 1:23three which is relatively very long I
34. 1:26don't really understand why do you still
35. 1:28courses and show people how to make
36. 1:30money if you can't make that huge amount
37. 1:32of money which is good for individual
38. 1:33not a hedge fund why don't you keep
39. 1:36yourself now the reason why I want you
40. 1:40give courses because I want to convince
41. 1:42all the infos together so and it makes
42. 1:45other people easier tuner and increase
43. 1:48your learning curve now when I started
44. 1:51learning I have to gather over two
45. 1:52informations and going through worthless
46. 1:54courses it gives me a hard time tuner
47. 1:57and that is my goal for all education
48. 2:01because when I was either in high school
49. 2:04or grade school I found that problem
50. 2:07pretty much all the time so my dream or
51. 2:10my goal is to condense infos and give it
52. 2:14to people that's it that's one of them
53. 2:15goes to to pursue and also how people
54. 2:21make you money
55. 2:22makes me feel great as well number four
56. 2:25has Steven understanding you like
57. 2:27shooting parabolic but I actually took a
58. 2:29trade on PRV be based on your pre market
59. 2:31breakout strategies and yes the trade
60. 2:34who did we do not really fit the
61. 2:35criteria so that's not considered as a
62. 2:37pretty market strategies because the
63. 2:38pre-market breakout needs to be twenty
64. 2:40to fifty percent consolidation the pre
65. 2:42market by sorry up 150% on PR VP's
66. 2:45already it doesn't really qualify as a
67. 2:47pattern but you did it anyways so yes
68. 2:51it's overwhelming of volume
69. 2:53I wasn't it wasn't really treating a
70. 2:55huge amount of volume so I will say you
71. 2:58got lucky there and yes sometimes trade
72. 3:02my work you might get lucky because
73. 3:05we're training based on odds so let's
74. 3:06say kept up short sometimes works 8 out
75. 3:09of 10 times and you hit that 2 times you
76. 3:12went along good for you because you got
77. 3:16lucky and but you know long term round
78. 3:17you shouldn't come out ahead and make
79. 3:20sure focus on the correct strategies and
80. 3:23track statistics as well because you
81. 3:25don't really put real money on the line
82. 3:27if you don't know what's the odds of it
83. 3:28practice statistics you will help you a
84. 3:30lot
85. 3:31so what trading platform you use I use
86. 3:353-0 you can use - trader pearl you can
87. 3:39use trade 0 platform they all have
88. 3:41charts and my scanner is basically very
89. 3:44simple app which I will talk about later
90. 3:46another question recap analysis closed
91. 3:48markets easy unless you truly live and
92. 3:51why don't you make honest one video
93. 3:52showing us how to perform the market ok
94. 3:56so I do live trading my brand all the
95. 3:58time I do three webinars per week for my
96. 4:01students every single morning just a
97. 4:02live trade and I don't really have much
98. 4:05time because I'm
99. 4:05the informations so that's the reason
100. 4:07why I don't want to make a video is TD
101. 4:10Ameritrade a good broker the answer is
102. 4:11it depends on what strategy are trading
103. 4:13because if I go mom yes TD Ameritrade is
104. 4:16no problem you can execute your shares
105. 4:17and no problem and you feel want to pick
106. 4:20up short strategies then TD Ameritrade
107. 4:22is a bad broker because you don't get
108. 4:24shares to shore and you get the
109. 4:26opportunity but I don't get it shares
110. 4:27that's the reason and depends on mass
111. 4:30right you are picking so if you're
112. 4:31basically wants to go along then go for
113. 4:35you if you were charged are based on
114. 4:37shorts and then TD Ameritrade it's not a
115. 4:39choice people always make fun at me so
116. 4:41you are not serious making so you're not
117. 4:45very serious about weekend about 9:15
118. 4:47a.m. to trade locates are typically gone
119. 4:50at that time alright so this is the
120. 4:52reason I get up at 9:15
121. 4:53so first multi-day runners right if the
122. 4:56stock performs multi tail it's a first
123. 4:58going the signature green day and the
124. 5:00first growing day expected to drop I
125. 5:02will wake up early I wake up at 7 a.m.
126. 5:04to reserve the shares in fest see a
127. 5:07first green day that is got top and it's
128. 5:09a super low float because only low flow
129. 5:11Lopez gets gone very very fast and and
130. 5:16that's typically microphone so when the
131. 5:18macro flow happens I don't really don't
132. 5:20trade on for a screen day so that
133. 5:22prevents me from over trading on the
134. 5:23first queen day and take a loss so it's
135. 5:26better not to have locate and on the
136. 5:28first screen day a visitor no multi-tier
137. 5:31honor but you donor typically happens
138. 5:32like 15 times per year so most of the
139. 5:36days I wake up at 9:15 and do webinars
140. 5:38and I look at shares if you're some
141. 5:41micro flow I
142. 5:41I told me about what a bother sometimes
143. 5:43I do miss some opportunities but not
144. 5:45that much can i from you 40k and you can
145. 5:49take half the profits and the answer is
146. 5:51no put your own put your effort in the
147. 5:53market there's all kinds of materials
148. 5:55you can earn you make sure you benefit
149. 5:57yourself it's not gonna plan it for
150. 5:59others focus on yourself don't rely on
151. 6:01other people and just try to improve
152. 6:03yourself so the answer is no I want him
153. 6:07to accept 40k and Trey white violent
154. 6:09really I can
155. 6:10traded 40k by myself and make all the
156. 6:12profits I can never find painting stocks
157. 6:15that gain a thousand percent and working
158. 6:17fine these and he's aware too for them
159. 6:20to appear so a thousand percent happens
160. 6:22about ten times 20 times per year
161. 6:26they then he feels a multi day that
162. 6:28happens about 50 times per year in the
163. 6:30unique on over a thousand percent and
164. 6:32the scanner I use very simple so listen
165. 6:36up so first 20 percent or above in the
166. 6:39pre-market before market open second
167. 6:42volume needs to be over 100k in the free
168. 6:45market if it's not 100k it's not really
169. 6:48tradable third the pre-market can so
170. 6:52when the trend is going up consolidates
171. 6:54that's readable stock and even though
172. 6:57it's going down is so still treatable
173. 6:59stock if the in the pre market trends up
174. 7:02and loses 50% of base again in the
175. 7:04pre-market not treatable so that's all
176. 7:07the stuff I filtered out then go from
177. 7:09there and there's all kinds of bonuses
178. 7:11after that but that's basically my
179. 7:14schedule so uh that'd be the video of
180. 7:18all hopefully the content is helpful
181. 7:19it's pretty much for all beginners and
182. 7:21if you are amongst you ask me questions
183. 7:24and go ahead and leave a comment below
184. 7:25hit the like button I would do more of
185. 7:28those videos in the future I will see
186. 7:30you guys next video
187. 7:37[Music]