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Intuition. From watching the videos, the minor interaction I had with him in DM, and his post history here. Adding all that up. If you are looking for hard evidence, I wont have it. Life cant always be based on "hard evidence", another myth that is perpetrated nowadays for the sake of looking...

First of all if you people cant figure it out, Dazz = "Dr." Dean Hadley. I knew it the first time I ever spoke to him and went into his post history and then watched the Hadley videos on YT. Anyway, I find threads like these funny. "Day traders cant be profitable" yet there are a good amount...

Called Pivot points - i think

Broken clock is right twice a day. I can keep spewing the same thing for years and eventually Ill be right. That doesnt make you some great nostradamus @Nine_Ender I saw a chart on it if i can find it ill post it.

Man you guys are some doomsdayers. America isnt going anywhere. We are too big to fail for one, no other currency can replace the dollar as the world reserve. No one has the oil or the capability to steal other's oil like we do. As far as debt is concerned we have the second lowest debt to GDP...

I could be misunderstanding what you are saying. Stopping trading for the day has no bearing on his sample size as long as he continues to take his setups no matter what. There isnt anything saying you have to take x amount of trades a day. But there is a rule that you are obligated to take all...

Sure you have bud. And Im a billionaire. See how it easy it is to claim some BS over the internet? Moron. Edge is defined as a probabilistic outcome determining which way the markets move in any given direction. Risk is not part of the equation. You cant predefine risk and then say "welp I...

My goodness. A lot of you have been polluted by too much conflicting information over the years. I can just tell from your attitudes - which shows in your reasonings in this thread. Harder than a DR? lmfao, not sure if that is your ego talking or delusion. "Ya john, im a successful day trader...

Look man. there is a right way and a wrong way to approach day trading. Sadly to say, your friend approached wrong, just like the other people. However, that is not daytradings fault. So while the "studies" and whatnot may be right when they say 98% of daytraders fail its not taking into...

you are a fuckin clown. ITs not PART of the edge either. Defining your risk doesnt give a you probabilistic edge on if the market will move one way or another (Which is what/how and edge is actually defined in trading imbecile). No matter how much you THINK you are right, defining the risk isnt...

Defining your risk isnt an edge, its a principle you fuckwit. An edge is having a PROBABILISTIC edge of the market doing one thing over another.

no, the most important thing is preservation of capital and predefining your risk before you even get into a trade. Edges are a dime a dozen - most people dont stick with an edge long enough and perform it flawlessly to see its benefits = no discipline.

Normal practice is about 3-5% of your account. If he loses 500 total on 3-4 consecutive trades he can always scale back to 1 lot to regain footing, which is also a common practice. Its not like you have to risk 150 per trade indefinitely.

Or, depending on how many contracts you trade (2 at minimum), set a stop at -12 for both contracts, so -6 a piece, and you can just scale out and then you would have the benefit of having a "free trade" after the first contract is sold.

High Probability wins = higher risk than normal most of the time. If you are already trading ES then you can trade MES with size and make as much if not more than ES with less capital risk.

You shouldnt, but a lot do. I was watching the charts when that big downtrend happened after Trump announced he had COVID. However, at the time I had no clue about the news and was just watching based on price action. News/earnings and whatever else is normally factored into the price before...

What makes you say that? There is nothing on a HTF chart that would suggest this (to my untrained eye anyway) If they entered today on a daily chart wouldnt they put their stop ~3290 which is around previous LOD? Or do most people like to use whole numbers and thats why you say that? Even then...

So instead they said to themselves "we will do it until we get caught and then go legit." Like a good Mob family. My point was, they cant claim ignorance.

A drop in the bucket. Its like all those manufacturers that put out products knowing a recall is there in the future. Cheaper to pay for the recall than it is to stall production. In JPs case, make more money spoofing than the fine will ever be.

Its hyperbole you autistic fuckhead. The only thing you can mentor of mine is my dick down your throat, but alas your wife has all that booked up. Get in line.