Day Trade The Markets
Day Trade The Markets is day trading educator being promoted by Ninja Trader. The company is offering a magical day trading indicator, a manual on day trading, and absolutely no proof of prior trading success.
Complaints regarding the company have been making their way to TradingSchools.Org, and they are not pretty. Specifically, customers are claiming fraudulent misrepresentation of YouTube videos, where the owners of the company are recording trades in market replay mode. And claiming massive profits.
Owners of Day Trade The Markets refuse to respond to allegations of fraud, but are more than willing to respond to inquiries to purchase their magical trading products.
Thanks for reading today’s review of Day Trade The Markets
What is Day Trade The Markets? The company is a day trading educational company offering a ‘unique’ set of magical day trading indicators titled: Relative Aggression Bars.
In addition, the company is offering a trading manual with “12 trading setups”, a tutorial on how to trade the “Box Method”, and a system for scoring potential trading setups. There is no live trading component.
The cost of Day Trade The Markets is a flat fee of $199 per month.
According to Archive.Org, the company appeared on the day trading educational scene in late 2011.
The owners of the company are named Dave Johnston and Justin Weinraub.
Day Trade The Markets is currently occupying the following social media channels:
Day Trade The Markets: How they market their product
Day Trade The Markets promotes to prospective customers through two primary marketing channels. The first marketing channel is a listing on the Ninja Trader Ecosystem as a certified educational provider. However, NinjaTrader makes nearly no efforts to vet the qualifications any trading educator. In fact, it appears that the only qualification to become a ‘certified educational provider’ at Ninja Trader is to place a promotional banner on the educational provider’s website.
However, NinjaTrader makes nearly no efforts to vet the qualifications any trading educator. In fact, it appears that the only qualification to become a ‘certified educational provider’ at Ninja Trader is to place a Ninja Trader promotional banner on the educational provider’s website.
The second marketing channel is a paid listing and paid webinar through Online Trader Central. What is Online Trader Central? They are essentially an email spammer. For a fee of $750, the owner of Online Trader Central, Kevin Driscoll will provide a venue in which trading educators can hawk their wares. The review pages of TradingSchools.Org are filled to the brim with fraudulent trading educators that have, or are currently being promoted through either Ninja Trader or Online Trader Central.
As a rule of thumb, if you see a trading product promoted on Online Trader Central: it’s a scam. If the product is promoted on both Online Trader Central and Ninja Trader…hide your wallet.
Supposed Trading Performance of Day Trade The Markets
Day Trade The Markets does not post an official track record of live trades from either Dave Johnston or Justin Weinraub.
However, the YouTube page is an entirely different story.
The YouTube page contains video after video of supposed winning day trades. Essentially, these are teaser videos that give the appearance that a live trade is about to be executed. The narrator walks the viewer through a primrose path of marketing chicanery.
The viewer is given the impression that a real trade is being executed and that real profits are being earned. It feeds into the typical stereotype of the day trader making easy money. However, it is quite apparent that the videos are nothing more than Ninja Trader market reply.
For readers that are unfamiliar with this slight of hand, let me explain the ruse. After the market closes, with the benefit of hindsight, the trading educator can cherry pick a market that made a market move. The trading educator then overlays the magical trading indicators onto the chart, hits the video record button, and then initiates the market replay function of Ninja Trader. Its not a real trade, just a recording of what appears to be a real trade.
The video is then uploaded onto YouTube as a piece of marketing bull shittery.
The victim of the scam discovers the trading educator through Ninja Trader or Online Trader Central and then eventually will stumble onto the YouTube videos. The combination of the implicit recommendation by Ninja Trader with the supposed real time trading performance displayed on YouTube seals the deal. That customer sacrifices himself to the fraud.
Contacting Justin Weinraub and Dave Johnston
During the first few months of 2016, TradingSchools.Org received several requests to review Day Trade The Markets. Unfortunately, neither Justin or Dave responded to our request to review the product. At that time, we decided to not draft a review. We had no complaints.
During the spring of 2017, our first few complaints started to roll in. The allegations were remarkably similar. That the victim had found Day Trade The Markets through Ninja Trader and had purchased the product. After several months of using the product, and consistently losing money…they contacted Day Trade The Markets and complained.
The specific complaint was that the YouTube videos of supposed profitable trading results did not match the software. Several customers became suspicious that neither Justin or Dave was ever actually trading with their product. They asked for proof of results in the form of account statements. Both Justin and Dave refused. The victims eventually contacted TradingSchools.Org with their complaints.
Once again, TradingSchools.Org reached out to Day Trade The Markets in June 2017. Predictably, Justin and Dave ignored our emails. However, the emails contain tracking functions that verified that the emails were opened and read. They simply refused to respond.
TradingSchools.Org also sent out a series of ‘lamb emails’ where we describe ourselves as newbie traders, with plenty of money to spend and very little common sense. That we were desperate to learn how to day trade. Day Trade The Markets had no problem responding to what they consider ‘easy prey’.
Yet another Ninja Trader phony
In the past three years, TradingSchools.Org has written hundreds of articles regarding day trading educators. A majority of the reviews, where we expose fraud, can be traced back to Ninja Trader Broker/Ninja Trader Ecosystem.
It is sad and pathetic that a futures brokerage would continue to promote these shady individuals and callously allow the public to be harmed.
We will keep writing and keep exposing. Thanks for reading. Would love to read your comments below.
I look to tradingschools.org for user reviews of trading vendors. Is this thread about daytradethemarkets.com or a place where we dump on Ninjatrader? From most of the comments it seems to be about the latter. Maybe these should get moved over to the Ninjatrader thread rather than clutter up this one with useless ranting about NT. In my view trolls with no personal experience of the vendors in question add no value to this site.
To start with: I have ABSOLUTELY no personal or financial relationship with daytradethemarkets.com. I’ve used Day Trade the Markets indicators and educational materials for about 12 years (counting an earlier version with a slightly different name).
1. Dave and Justin are ruthlessly honest about the indicators and their limitations. There is no magic here and they warn you from the beginning (prior to purchase) that trading is risky and very hard work.
2. The system is loosely based on market profile theory but provides much more real-time guidance for the trader who does not want to spend the next 10 years trying to understand the complicated ins and outs of MP.
3. The indicators are only part of the system. The Daily Assistant is a very useful daily review of the market along with important pivot points. I’ve paid significant sums of money to other vendors just for that service alone. Justin is basically giving it away for free.
4. I bought the system years ago and have never been charged a dime extra for numerous updates and significant add-on features. (95% of the vendors out there can’t say that).
5. The instructional material that they provide is excellent and included.
The bottom line:
1. Stop looking for magical black boxes that will turn your $2K account into millions overnight.
2. There’s a lot of crap out there and I have wasted significant sums of money buying it. Daytradethemarkets.com is a very significant exception. Very good value for the money. Stop painting everything with the same brush just because you don’t have the patience to separate the junk from the jewels.
3. Why do people think that buying an indicator suite will turn them into traders without training, experience, and discipline? Buying a scalpel does not make you a surgeon; buying a wrench does not make you a mechanic.
4. I have not gotten rich but I have become profitable, thanks in no small part to the education and tools I bought from daytradethemarket.com. Note I placed education first. It took quite awhile just as Justin and Dave warned over and over that it would. Trading is an advanced skill and it takes commitment and time. And more time. If that sounds too much like work, buy a lottery ticket.
I’ve traded Ninja Trader for years and love it. ALL the trading platforms, at one time or another promote trading professionals who offer something which just might give someone an edge in trading. To call all these professionals scammers is nonsense. Don’t waste your time in the webinars if you are convinced that there is nothing of value to be obtained from them.
I’ve also used the Day Trade the Markets software for years and it is a fantastic tool!! I love trading with it. Justin is prompt and professional in his replies to any questions or concerns about his software.
I’ve been a member of Day Trade the Markets for more than five years. I have been successful using the indicators which they provided in their software. Have I been 100% successful, absolutely not. Dave and Justin’s system help you beat the odds, if used correctly. I have never once heard them claim it is 100% accurate. The author, of the above review, keeps calling their system magical. I have never heard Dave or Justin call it magical. Their system simply helps determine supply and demand levels at any given price point. Nothing more or nothing less. After 25 years of trading, I always come across the same problem. People buy a program and expect it to be the answer to all their trading problems. So the reoccurring theme of traders, who expect a trading system to do it all, and the author of the above review is: You can’t fix stupid. That’s a fact! Maybe you need to make a living doing something else other than being a Day Trader. After all, no one is standing there making you purchase these trading programs under gun point, are they?
marketfests are one thing it’s sad that Eddie Horn would have them on/this was hosted by Topstep (May Expo)..to be fair; on the whole, Topstep really does provide good insight/education they are a prop Trading firm so like 1 of 5 .. Like in July ..
Daytradethemarkets i was on a good footing w/ the person they reverted after being happy i’ve found smth that works for me (had already) as if nothing ..
Just to summarize all the garbage below:
Poster Rob wants “regulators [to] close Ninja Trader down and throw them in jail.” for promoting Trading Rooms. Fine that is his opinion, and I do not disagree. BUT, when it was pointed out that other brokers promote the same Trading Rooms (maybe not as heavily, but promotion just the same), Robert and his sidekick churn don’t see a real problem with this, becuz other brokers do not promote as much, and may have better disclaimers, blah blah blah.
Rob, as self appointed sheriff of this forum, you should be consistent in your opinions. If it is bad for one broker to promote a TR, it should be that way for all brokers.
” self appointed sheriff of this forum” Your insanity has no limits. You are just making up and writing what ever nonsense you want. Do you even read my post or just skim it and make up what ever you want. There is no other response one can make to such an idiotic post except:
Another fictitious and idiotic post by the court jester DTChump!!
Sadly, most all the scum buckets go through Ninja. In its hay day, anyone familiar with it could share their screen and look like a pro.
Did not take long to figure out how to bullshit people using it as if it was real money.
And so it goes today, nothing has changed.
One scum merchant after another , hire cheap off shore C and C Sharp coders to write some bullshit, package it up and deliver it to the sheep. If your app makes money, Ninja is all too happy to post you up as an authorized educator and take their share..
Its one big shit pot of scumbags bubbling around in the soup.
I too have a lifetime licence and use the platform a couple times a week. I keep just enough in my account to keep it active. I keep it for more mental masterbation then anything else. I paid for it, so I figure might as well use it.
But if it went bust tomorrow, I probably would not give a shit …
I do expect one of the bigger brokerages to take it out one day.
First, from the start I have said Ninja’s Educational Partners are nothing but a cesspool and one big scam and I remember you defending them saying they were trying to clean up their act. Give me a break!! They have no intention of cleaning up their act as that is what keeps them in business. The TR operators sends their suckers to buy Ninja Trader Platform. I am glad to see you have come around to see Ninja Trader for what it is –> One of the BIG FISH in this whole scam industry.
Here is what I do not understand. Fine the regulators are too busy to go after all the individual con artist TRs, but surely they can go after the BIG FISH. Ninja is purposely promoting TR that are scams and none of them can trade profitable. And this is suppose to be a futures broker. Why don’t the regulators close Ninja Trader down and throw them in jail. That would send a meaningful signal that would send a shock wave through this industry that would be heard around the world.
Please no, I am using Ninja.
I also bought a lifetime subscription along time ago, so I feel the pain
Me too, i have a lifetime version of nt also. Amazing so many of us went through similar paths including probably introduced to ninja through the beachforum. Mirus/Zenfire was a lousy broker and it just goes to show Ninjatrader inc. was doing well enough with their platform sales and their then ecoswamp that they could buy out Mirus when their zenfire bugged out one too many times. I would feel the pain if the feds locked up nt for good shocking the whole snakeoil world as RobB well puts it, so I’ve made sure my trading setup uses indicators I’ve modded or made with a lot of thanks to FatTails’ free indicator examples (lizardtrader.com), so I could at least attempt to port them over to another platform if the shtf someday for the nt cessworld.
I wouldn’t want to see you lose your trading platform after paying for a lifetime license. That’s too bad. It would be nice to see Ninja just create some credibility with their Ecosystem. It seems to be the same M.O. with anyone making money off of the retail churn, ignore the truth.
Why stop at Ninja – why not all brokers? Certainly they know many clients are using these scam artists. And the really BIG fish are the exchanges themselves, since they also know most retail people lose and are scammed, and they let it happen.
Assuming this is a legit question and not your usual attacking me I will answer. As you post:
” why not all brokers? Certainly they know many clients are using these scam artists.”
There is a big difference in knowing some client might be using a TR service from what Ninja Trader is doing. Ninja is actively promoting Trading Educators that they have not vetted at all, even after some have come under investigation.
Also, “Why stop at Ninja” I agree. Lets start with Ninja and if there are other Brokers who actively promote con artist TRs without asking them for any proof of their claims and present them as legit then go after those brokers also.
I don’t really follow Ninja anymore, but I remember getting emails from them all the time about their NinjaTrader Partners and then they even hosted webinars with them. There might be other brokers that do the same, but I have several brokerage account and do not remember any of the brokers I use that promoted TR vendors in this manner, but as I said if there others then the regulators should go after them also.
Other brokers do the same thing (Tradestation App Store, Interative Brokers Investors Marketplace). Just look at who IB has on their list. So to single out Ninja doesn’t seem right, when other big brokers do it too.
I have accounts with IB and Trade Station and I personally never experience the promotion of TRs from either of those brokers like Ninja Trader does. That is my opinion. Take it for the price paid.
So you are OK with IB promoting Tim S. and Barry B., among others, on their website? Where do you draw the line between what you say is OK (IB, TS) and what should lead to shutdown (Ninja)?
This is why responding to your post is a waste of time. I don’t know maybe you have some mental issue, but it just seems like you are purposely making willfully stupid post. I never said anything about being OK. I said it my opinion Ninja Trader promotion of TR operators is leaps beyond anything I personally experience from any other brokers. They actively go out of their way to promote their TR vendors and hold joint webinars, whereas IB for example has a huge disclaimer about their marketplace vendors, which you failed to include. As I clearly stated this is my perception. If your is different than you can make your case. But if I was a betting man (again this is my personal opinion) more people have been suckered into day trading by Ninja and their cesspool than from all the other brokers combined. In fact I skype and chat with many traders and I have yet to met one that joined a TR from some other brokers promotion. Doesn’t mean it never happens, but I have not met one. Maybe Emmett could comment based on the emails he receives. Emmett are you getting lots of emails from people complaining about joining TR due to IB or Trade Station promotions or mostly from Ninja Trader’s promotions.
I love how you avoided my question about Tim S and IB promoting him. That speaks volumes.
Do you really have nothing else to do but make stupid post? Here is a suggestion, find a article which you know you posted in. Read the article and all the post, but don’t read the poster’s name. You will see most posters are talking about the article or responding to someone else’s reply in a thoughtful informative manner, but then you will read a poster’s replay that is just idiotic and has no purpose other than to harass any poster who calls out these TR operator scums. Label that poster as an idiot. Now go back and read the names of the posters and you will find all your post were labeled as idiot.
Seriously read you own stupid, uninformative, WOT post!!!!!
You are truly Mr. Willfully Stupid and that is being nice.
It is a really simple question “Robert” – I’m not sure why you do not answer: Are you OK with IB promoting Tim S. and Barry B., among others, on their website? A simple yes or no is all that is required.
And to expand on my last post, it is clear I am dealing with someone of very low IQ, so I will explain why I don’t answer your question. It is because your post is completely idiotic. I addressed my view on Broker’s in a manner that anyone that is not seriously mentally retarded could understand, but apparently not you.
You might as well just write, Well Rob B you say the moon is full of extraterrestrials and why you avoid my question about that. And both questions would be equally idiotic.
So from now on I think I will mostly just respond to your moronic post with either:
1) Another post by Mr. Willfully Stupid!! or
2) Another fictitious and idiotic post by the court jester DTChump!!
That is if I respond at all. But now you will have fully understand why I do not respond to your post. Actually you are soooooooooooo stupid I doubt you will ever understand.
So to sum up your argument: Ninja promotes scammers, and they should be closed down. IB and other brokers also promote scammers, but that is OK, because they do not promote them as much and maybe IB shows a few more disclaimers.
That is some twisted thinking, in anyone’s book.
” IB and other brokers also promote scammers, but that is OK”
Only in your demented mind did I say that. And it does not matter what I say as you are just being willfully stupid as always. And you can not converse with an idiot.
Another fictitious and idiotic post by the court jester DTChump!!
Lol,” a few more disclaimers”. It’s far more than that. The wording of their agreement shows NO vig, none! and it says no promotion clearly. Only a crazy or willfully stupid would continue to try to say this proves anything significantly contrary to what RoB has been saying. The only reason that oudated page exists at all is probably because there was probably a time when someone at IB thought to put a general sign pointing to some tradeucationers for the complete newbs, just to be “complete” without giving it another thought. Clearly just an oversight. If they really knew the depths of the snakeoil they would be horrified. The fact that nobody else, not the clients, probably not the current staff busy with helping traders really trade, notices it except gollum-alter types sniffing under wormy rocks and crying in joy, stupidly thinking their spite is justified with a discovery of an oudated webpage, lol. IB has made most of their business from providing excellent brokerage services including security. Not for inviting shams to make promo vig deals , promo webinars with the shams, and guest showing on the beachforum, and slapping ninjaecocess stickers all over their stinking sites.
Wow, I’d never seen that “education and coaching” page ever being an IB client too if the alter hadn’t jumped up and down pointing at it. But it looks like the alter and the gollum lurker would rather see all retail trading destroyed for all the readers just out of spite on the forum and to attempt to claim it justifies all the inane and crude postings about b__ks in the past years on tradingschools, lol. Well, taking a reasoned look at that “educators” page, hardly any votes or comments except a few shilled ones. It’s like a ghost town overpass wall where anyone can spray their graffiti where most would never know about it driving on by while the ecocesspool is splashed on everything and anything related and the shamshows proudly show the logo banner in your face on their websites. IB has been a sponsor of CNBC but looking at the wording of the “agreement” it hardly shows any sign of vig or blatant cross-marketing:
3. Relationship Between Third-Party Vendor and IB
a. Third-Party Vendor acknowledges that IB has no duty to supervise or review Third-Party Vendor’s actions concerning Third-Party Vendor’s Clients. Allowing Third-Party Vendor to post information on the Investors’ Marketplace does not in any way represent an endorsement or recommendation of Third-Party Vendor, and Third-Party Vendor shall not make any statements implying that IB has reviewed or approved Third-Party Vendor, its services, or any of its recommendations or advice or actions.
b. Third-Party Vendor bears sole responsibility for resolving any and all claims, questions or disputes of any kind by Third-Party Vendor’s Clients or others regarding Third-Party Vendor’s provision of services or Third-Party Vendor’s activities under this Agreement.
c. Neither the Third-Party Vendor nor any officers, directors or employees of Third-Party Vendor are employees or agents or associated persons of IB, nor shall they hold themselves out as such. This Agreement does not and shall not be deemed to constitute a partnership or joint venture between the parties, and neither party nor any of their respective directors, officers, employees or agents shall, by virtue of the performance of their obligations under this Agreement, be deemed to be an agent or employee of the other.
I think it’s just a leftover part of the IB site where it wasn’t maintained after the intern college kid left. Sykes and Topsimdog clothespin-nose Burns’ entries are way back in the last decade. Now IB is also serving institutional they don’t need to be “complete” for retailers and those pages look forgotten. IB is probably the last biggest most reputable broker for retail in the states. So if they were shut down, where would traders go? deepdiscount (ninja affiliated), optimus (tradestation affiliated). Right RobB, far different from Ninja. Overall a troll baiting long lame ridiculous stretch.
Of course you will always agree with your master Rob. It is funny to see you rationalize the acceptability of IB’s website for promoting Tim S. and other scammers. You who are so much against scammers, yet you say it is OK for IB to list them as education providers. Hypocrite much?
Of course it’s not ok, but as I’ve demonstrated in my post putting your argument out to the manure pasture, lol, and their page is minuscule in exposure, probably an automated relic ( graffitti overpass wall that no one notices while driving by, it’s not even under the main “education” tab on the IB site so stop trying to make gollum cries out of misdirection )where the only people ever posting in it are the shams and shills filling out the automated form, and you willfully stupidly put them in the same boat as ninja when they are so far above in reputation similar in non sequitor overgeneralization that would demand tradingschools be perfect and run completely on charity and volunteer time, and no vig even if Emmett is transparent about his deals as possible. Ninjacess puts their ecosystem front and center as they’ve grown big from their long history of crossmarketing as well as the shilling and rockstar dream mournaling of beachpoopedforum. In comparison, IB has emerged as the most reliable of brokers as well as their lauded security features. You’re the hypocrite with this trollbait grasping for straws at anything so transparently and can’t being exposed as a troll (as all petedetithb__ks alters are) , ultimately in effect on the side of the shills on these commentary attacking our vanguard of the commentary and the rest of us. RobB is hardly my master, we’ve all had reasoned debates with each other, but apparently you can’t in your hilarious gollumy gesticulating seizures of fingerpointing.
I am starting to think I am insulting idiots by call you an idiot. No one can be as dumb as you. Being you are so dumb beyond idiot maybe I can say this in simple language you can understand:
1) The regulators are doing very little IMO,
2) I would like them to at least start with the BIG Fish, which ninja trader is one of them,
3) And your insanity to basically go after everyone including the exchanges are just that insanity.
Now I am sure those words are still too complicated for you to understand. So now is where you just make some nonsense that I did not write and post some idiotic post.
Here is the best advice I can give you which you will ignore. Check yourself into a mental institution.
It appears to me that IB and Trade Station don’t push it as hard as Ninja, but to advertise like that is also wrong. Look at the list of phony educators on that list. To the rookie that is perceived credibility from a respected broker so the educator must be good. That’s sad. The whole industry is corrupt that feeds off retail, like Rob said.
Thank you Mike, my point exactly. If it is bad for one broker to do it (and therefore should be shut down, according to Rob), then how can it be OK for other brokers to do it. Some people would rather argue about that, since I am the one who said it…
I’d agree a broker should be shut down if there was good reason such as PFGBest and MFGlobal where both had futures trading offerings, although were shut down for their nefarious foulups rather than for the retail industry snakeoil. Shutting down exchanges is going too far imo as it would topple the global markets and affected industries, the idea of it probably trollish bait.
MFGlobal was a much different situation than enabling fraudulent educators. Unfortunately, the end result is the loss of money in both situations. MFGlobal blatantly repatriated customer funds to cover for bad trades made on the flailing Eurozone. It’s crazy to think that Corzine is taking risk again with a new hedge fund. I presume that trading educators and Corzine are similar in their quest to make money by any means necessary.
For sure, I couldn’t believe the news that Corzine was back. He should have considered himself lucky with a pie in the face and slapwrist fines. But I guess these psycho maniacs still need to prove themselves even at the expense of the “lesser” people. Very similar to these mental shammeisers where they won’t stop their simshows on the sim generating pc’s until handcuffed for good away from them.
Yes most of the brokers promote the con-artists reviewed on this site. eg https://tradestation.omnovia.com/webcasts
How many of these trading vendors would exist if not for Ninja Trader giving them some credibility? The regulators should start with the head of the beast if and when they start draining the swamp.