Steven Dux is Timothy Sykes latest student success story turning $27,000 into over $1 million in just 14 months. He amazingly did it all by day trading volatile penny stocks while completing his environmental engineering degree. It’s crazy how he managed to finish his degree and have enough time in the day to trade. His trading journey started when he discovered Tim Sykes from his controversial Instagram account. At first, he was skeptical but decided to sign up for penny stocking silver. After a few months, he took the plunge and paid $5500 to join Sykes millionaire challenge program.

Dux is now one of Tim Sykes most successful students along with Roland Wolf and Tim Grittani. Due to his unique story, Sykes likes to promote him at every opportunity because he is someone who has implemented his strategies to become a millionaire. It’s similar to how companies use case studies to attract more customers. Sykes interviewed Dux on his Youtube channel to share his story and inspire new traders. Once the interview was uploaded, young aspiring traders bombarded Dux with messages hoping to discover his secrets. Asking everything from what penny stock broker does he recommend to what he eats for breakfast in the morning.

The main reason for Steven’s rapid progression is his extreme dedication and willingness to invest time and money. Although he started off studying Timothy Sykes, he later learned a great deal from Michael Goode, Mark Croock and Tim Grittani, all mentors within the millionaire challenge program. He follows the teachings of Tim Grittani in particular and cites Trading Tickers DVD as a huge inspiration. Similarly to Grittani, Dux is very analytical and claims to have thousands of excel spreadsheets tracking dozens of chart patterns. This gives him to the ability to discover what patterns work the best in a specific time frame. Basing all of his trading decisions on data allows him to stack the odds in favor. From the picture above of his trading desk, his attention to detail is immaculate. Steven stuck his notes and drawings of charts on his wall to drill these charts into his brain.

He mainly follows three simple chart patterns that have an insane 85% success rate. All of these patterns feature in Tim’s Penny Stocking Framework DVD.

• First red day – when a penny stock goes parabolic based on a big news event such as FDA approval, a stock can spike 200% in just a matter of days. You wait until the stock’s momentum slows down and short sell the company on the first day it turns red. This is a significant shift in momentum where those who are long will exit their position causing the price to drop.
• Dip buying huge morning panics – whether it’s an overall market or sector panic, there are always great opportunities to dip buy intraday panics. If a stock drops significantly in the morning and is oversold, it could bounce back strongly so you can capture a quick 20-30% gain. When dip buying panics you should prepare to cut losses short if the trade goes against you. Otherwise, it’s like catching a falling knife.
• Shorting spikes – this pattern is slightly riskier than the first two patterns so it requires more experience.

Since these three simple patterns have an 85% success ratio, Steven places almost all of his capital into trades that meet his criteria and banks huge profits. This approach to trading is the polar opposite of conventional wisdom on Wall Street. Financial advisers tell people never risk more than 10% on any investment while this guy is putting 80% of his account on one trade. Patience also plays a big part in his success, he waits like a sniper until a setup meets all of his criteria and then places the trade. If the trade goes against him, he cuts his losses early and avoids blowing up his account. Hence this is why his winning percentage on Profit.ly is approximately 73% with an average gain of $1,177.

Due to the following Dux has attracted in recent times, there has been strong demand for him to create his own DVD and newsletter. Steven will more than likely release his own DVD sometime in 2018 but it will be expensive. It will cost between $500 – $800 to purchase if he launches his service on Profit.ly. Starting an educational business is the next logical step to make easy money outside of trading. Despite the vast amount of money he has made, Dux remains a cool, humble dude. He recently achieved his dream and bought himself a McLaren 570S.

Steven Dux’s story continues to serve as a huge inspiration for up and coming traders but it’s improbable anyone will achieve similar profits. While it’s likely to have some success the average person won’t be able to become a millionaire within one year without an obsessive tendency towards learning how to trade. He even jokes that he reads and takes notes on the toilet. In addition, he re-watches DVD’s multiple times to absorb all the information fully. A typical subscriber will watch it once or twice max. This level of dedication is difficult to maintain for the average person works a full-time job or attends college. In the meantime, if you’re interested in learning from Steven Dux, checkout his webinars and free videos on Youtube.

Hailing from the trading floors of Goldman Sachs, Anton Kreil is a renowned character in the educational investing game. Once an in-demand trader at some of the world’s largest financial institutions, Kreil is now the managing director of the Institute of Trading and Portfolio Management, selling trading courses and online mentoring programs to budding new investors. Yet these courses come at a very high cost: for just one month’s access to his “proprietary” materials, the cheapest program comes in at $1,499, and if you’re looking for 12 month’s access, the price is a dollar short of $3k. Given his background and personal trading success, are these high cost courses really worth the price?

Anton Kreil’s educational company is targeted towards those with a desire to learn how to trade financial markets profitably and consistently, and most importantly, to learn how to trade to make a lot of money. Sounds pretty good, right?

However, the site doesn’t promise a ‘get rich quick’ option but instead aims to teach you via videos and other materials, through the purchase of one (or both) of the exclusive master courses. While the price is high, the programs claim to give you the secrets of making money in the financial markets taught by a professional who has been there and done it himself. Whether you are looking for a job as a trader at a high-profile Investment Bank or whether you wish to make it big as a solo trader, Kreil claims to teach you the skills necessary to become an expert.

Who is Anton Kreil?

He first came into the public eye as part of a British reality television series called Million Dollar Traders. The show, first aired in 2009, was loosely based on the “Turtle Experiment”, a test held by legendary commodity trader Richard Dennis to prove that anyone, not just those with a special gift for being able to spot a good trade, could become a professional-level trader. The show took 12 contestants from a variety of backgrounds to try and prove or disprove Dennis’ theory. Anton Kreil was hand-picked by creator Lex van Dam (a wealthy hedge-fund manager), to appear on the show as a manager and trading instructor for the contestants. The show is a highly entertaining 3 part series that is still available to watch on Youtube. Million Dollar Traders was a massive platform for Anton to launch his own day trading educational website to profit from the publicity and thousands of people looking to learn his strategy.

Kreil has been trading since the early age of 16 and is said to have been snapped up by Goldman Sachs at age 20, one year before graduating from University with a degree in Economics. After a couple of brief stints working at Lehman Brothers and JP Morgan, Kreil became a millionaire trader by his mid-twenties, allowing him the luxury of an incredibly early retirement and a level of financial freedom that most of us can only dream of, according to the TV show that made him famous. His current net worth is estimated to be around $10 million.

After leaving his life as a VP at JP Morgan, Kreil spent some time travelling the world and embarked on an adventure to determine his next steps in life. Upon his return home, he began his journey to become a trading educator to allow others to learn the secrets of his success, following what he believes is his true calling.

Fun fact – he is currently based out of Singapore with his wife, Meng Jiang, who is the owner of Panda Chow Chows. Her panda dog business attracted a lot of attention from media coverage on the Daily Mail and Huffington Post. Despite the controversy and claims of animal cruelty, her business has proven to be quite successful so far. She makes money from the venture by selling photo shoots, it’s a very strange niche business to say the least!

Source: Daily Mail

What’s Being Offered?

Since first operating in 2010, the Institute has taken students in from around the world, teaching them how to trade like professional traders at Goldman Sachs and JP Morgan. While the website may not be as flashy as you might expect from a multimillionaire ex-Wall Street trader, the site doesn’t hesitate to make bold claims such as “Welcome to the most comprehensive online Trading Education Courses available in the World.”

The Institute of Trading and Portfolio Management sells two online video courses:

• Professional Trading Masterclass
• Professional Forex Trading Masterclass

Each course can be bought at $1,499 for 1 month’s access, or $2,999 for 12 month’s access. If you’re feeling particularly flush with your cash and are keen to get the VIP experience, Kreil also offers trader mentoring programs (rumoured to cost upwards of $7,000) that provide the opportunity to work 1-on-1 with a Senior Trader Mentor. While it’s possible to have Kreil as your mentor, it looks unlikely. Within the Institute there are about 10 other experienced mentors such as Raj Malhotra, Jason Stapleton, Christopher Cathey, Tristan Edwards and Jason McDonald. The pricing for both programs should be changed because students will sign up for one month to save money and won’t have enough time to finish the training and fully absorb all the information.

What’s in it for Me?

While teaching you the technical analysis side of trading, this comprehensive course also supposedly offers a whole lot more than just what you can just find in a textbook.

The library of video lessons will teach you his investing approach, showing you how to day trade, how to make economic forecasts and how to perform company analysis, among other topics. The supporting PDFs and excel sheets accompany the video lessons, with the aim to ultimately build up knowledge for you to manage funds in a way similar to top down leveraged hedge funds. The goal at the end of the course, is for you to have learnt how to separate the important information from the noise.

Psychology is a big part of the training as well, with the program supposedly showing you how to make critical trading decisions at the right time; a must for any trader.

The problem that people don’t realize until they sign up, is that his courses aren’t so useful for retail traders. They are better suited for those who want to break into the investment banking world or the hedge fund industry. Kreil’s strategy is risk-adverse, he builds a long and short portfolio that hedge’s you against a crash or major correction. Making 8% a year is great when you’re managing a million dollar portfolio but when you’re a retail trader it’s chump change.

What’s his Track Record?

Unfortunately, none of Kreil’s trading records can be found online, nor can any credible data sources backing up his claims or any historical data on performance. Still, with a long list of testimonials on his site, there could be some truth to his claims. Unlike many others selling online trading advice, he has actually worked in a professional capacity for some of the top financial institutions in the world. Funnily enough, Kreil loves bash other educators such as Timothy Sykes, but at least Sykes isn’t afraid to show his track record.

Is Anton Kreil a Scam? 

Anton Kreil is not a scam but his programs are definitely not worth the hefty price tags. Don’t be stupid and pay full price, you can easily buy and download his Forex course for less than $50 on eBay. All these fake traders on social media help Kreil stand out among the crowd and charge premium prices. There are 100’s of these charlatans online, posting photo shopped screenshots of how they’re making $1,000’s everyday in the Forex market. Instagram is littered with these scammers, selling Forex signals to gullible suckers, who fall for the fantasy lifestyle they portray in their photo’s. Kreil is also guilty of leveraging this marketing tactic, travelling to exotic locations and dining in luxurious restaurants. His team create short documentary’s that advertise his high-end mentoring programs, they are fun to watch but contain little or no education.

Negative Reviews

There are some negative reviews online of his service, TradingSchool.org bashed Anton Kreil, labeling him a fraud and a snake-oil salesman. While I agree with points raised in the review, it was way too harsh. It is not always the case that students will apply themselves properly or possess the necessary traits to succeed. It is up to the individual to use the information that he or she has, in a way that they see best.

Spending $3,000 on a course is certainly a risk and in no way guarantees that you will be successful by the end of it. The market is extremely unpredictable and people who sign up should know about the inherent risks associated with any type of stock market investing.

Through the Institute, Kreil aims to offer subscribers the tools to read and analyse the market properly, in a way that is accessible to the average Joe. While the course offers the prospect of becoming a successful investor, ultimately, there is still a large amount of risk involved in both the quality of the course and the results. Course or no course, it’s your call.

Ricky Gutierrez is a 22-year-old online entrepreneur and CEO of Techbud Solutions. I first came across Ricky on YouTube from the recommended videos list. The title had a big click-bait headline – “How I made $200,000 by the age of 21” and an eye-catching thumbnail. After watching that video and a few others, it’s clear the $200,000 he earned didn’t come from trading stocks. He accumulated the money primarily through affiliate marketing and selling cars NOT from trading. He seems like an honest, likely guy and sounds as though he understands a lot about investing. In reality, he just understands the basics and not much more. Why bother getting a real job while you can bank easy money selling an overpriced product so you can later buy more real estate. (Steven Dux is a far more talented trader to follow).

Over the last year in particular his YouTube channel has grown in popularity and has built a large following. He teaches newbies the basics and fundamentals of trading penny stocks along with some real estate investing advice. None of which he’s qualified to do. His channel appeals mostly to naive young millennials who understand very little about the stock market. Gutierrez uploads free helpful lessons teaching how to build watch-lists, read stock charts and answers questions related to penny stocks. On the surface, it appears there is no hidden motive and doesn’t have a product to sell.

During his videos, he continually advertises his Facebook group, Techbud Solutions. It’s a group of like-minded traders who share ideas and lose money together. Ricky reminds me of a less shady version of that Trading Fraternity guy who never shows his face. Techbud Solutions has attracted a staggering 50,000 members, that’s an impressive feat! While the group is free to join, Ricky makes money through selling one-to-one consultations and through a new stock trading course he recently released. This was his master plan all along. Build your trust through free videos and then bam, buy my new $300 trading course. He claims he can teach you to become a profitable trader even though he has no track record. Ricky will show his profits on a few trades but never reveal any losses.

On the sales page for his new course, it says – “learn the simple techniques that have led to his net worth of nearly $1 million.” This is misleading, as I mentioned before none of that money was earned through trading. His net worth will soon be well above $1 million from all the suckers buying his product. Come on; the kid still uses Robinhood as a broker. Everyone know’s Robinhood is a terrible broker and is only used by newbies, free trades do come at a cost! There’s even a video of him complaining to Robinhood customer support about money he lost on a trade. It’s his own fault for being cheap and trying to avoid paying commissions. Sign up with a proper penny stock broker such as E-trade or Interactive Brokers.

Ricky is a savvy online marketer and understands how to market himself effectively. His videos rank on YouTube for everything related to penny stocks. You can’t avoid seeing his goofy thumbnail of him smiling with a misleading headline – “how to make $100 a day in the stock market.” Recently he uploaded a video where he picked up a random stranger in his Mclaren supercar. The video is a clever viral marketing tactic to advertise his service and appeal to a wider audience outside of his normal viewers. More than likely this video will receive well over 100,000 views attracting more customers to whip out their credit cards.

Ricky Gutierrez is not stupid; he realizes there’s easy money to make from selling subscriptions to gullible young people. More than likely he signed up to various programs from other traders such as Timothy Sykes and teaches similar strategies in his own videos lessons. I also hate the way he drives around in supercars, advertising this cool lifestyle that was not created by day trading. The stock market is booming, so now is the perfect opportunity to release a course. Remember during the gold rush the only people who really made money were those who sold shovels and supplies not those searching for gold.

Conclusion

Ricky Gutierrez is a nice guy, but he’s a charlatan in my eyes and it’s obvious he has little experience trading. He says he uses the same concept in real estate as when trading penny stocks. What does that even mean? This sounds good in theory but is absolute bull shit. While his lessons are helpful for beginners to understand the basics, this guy has no business teaching people how to trade. All of his students are going to end up blowing up their accounts. Charging $300 is absolute madness, it would be more reasonable to charge $30. The moral of the story is don’t trust anybody on the internet no matter how honest and trustworthy they seem. Ricky is purely money-motivated and views teaching as an easy way to make a few bucks.

You know Warren Buffett complains all the time that he doesn’t pay enough taxes. Right, well first of all I’ll let you know a little secret, he’s lying. When Buffett talks about the fact that he doesn’t pay taxes, less than one percent of his income is earned as an individual, ninety nine plus percent of his money is earned through his corporation Berkshire Hathaway.

He owns a third of the stock, they pay thirty five percent tax, they pay billions of dollars a year in taxes, that’s Warrens money! A third of it is his, so he chooses to pay it through his corporation and of course if the corporation does pay a dividend to Buffett, he pays another fifteen percent tax on that. His real tax rate is fifty percent, so when he says he’s only paying fifteen percent, he’s paying less than his secretary, he’s lying and in fact when Warren says he wants to pay more taxes, he’s lying about that too!

He pays himself a salary of only five hundred thousand dollars a year, that’s less than I pay myself, he’s a billionaire I’m not. Why does he work so cheap? Because he doesn’t want to pay the taxes. If he paid himself a big salary he would have to pay alot of money in taxes on it like I do. He would have to pay thirty five percent federal and pay whatever the tax rate is in Omaha and pay Medicare tax. He doesn’t do that, he leaves it in the company where he owns a third of it and get this he’s actually alot smarter.

Berkshire Hathaway trades at twenty times earnings (that’s the PE), so every dollar that Buffett doesn’t pay himself in salary adds twenty dollars to the value of Berkshire Hathaway’s stock. Now if he owns a third of that, that’s seven dollars for Warren, so if he doesn’t pay himself a dollar, he’s seven dollars richer and now when he sells that stock, guess what is tax rate is? Fifteen percent!

He is going out of his way to arrange his income to minimize his taxes. Then he goes and cries that he’s not paying enough taxes and he wants the government to raise them. He can raise his taxes anytime he wants, just pay himself a salary or just write a check to the government. Warren might not be the best the economist and he might not be that savvy in politics but obviously he’s a good businessman. He’s made a lot of money, he’s run a lot of companies successfully. Who do you want to have Warren’s money, him or Brock Obama? What is Obama going to do with it?

Buffett has all this money, he drives a pickup truck and lives in a little house. I mean he’s not an extravagant guy, now when these people say we need to raise taxes, we can’t let the rich have a consumption tax right because then they’re not gonna pay taxes because they’re only gonna pay taxes on the money they spend. Well yeah because that’s the only money that benefits them.

See if Buffet is earning hundreds of millions of dollars a year and if he spent it all then he would pay a big consumption tax. If he only spends a little bit of it, then what is he doing with the money that he’s not enjoying? Well he’s using it to grow his business, he’s growing the economy. Why should the government tax that money? They always say we need to have a tax cut to stimulate the economy, say well we to cut taxes on the middle class because they’ll spend all that money. If we cut taxes on the rich well they won’t spend it. They’ll invest it, they’ll grow the economy, they’ll create jobs, they’ll create products and that’s what we want. We don’t want to tax savings, we want to tax spending because spending isn’t how we grow the economy, spending is the consequence of a growing economy, you have to grow it and you have to produce it before you consume it.