Interview noteThis page restates a public interview in new words. Dollar results, win rates, and payouts are claims made by the speaker or the host. They are not this desk's record, and they are not a result to expect.
Jonas Bearthrop, takes a Nasdaq break only when structure, order flow, and resting liquidity agree. The host credits payouts above $50,000, $30,000 of them inside two months, from a $300 start after about eighteen months. The rates below are his, not an audit.
Why it matters
Flow and liquidity showed up early and stayed. Named patterns and ICT stay off his prop book. An edge the whole room already shares is no longer his. The routine is half the job: London's open, a late-London block near 13:00 or 14:00, then New York.
The idea in plain words
First, trend or range. Rising peaks and rising troughs are up. A sequence of lower lows is down. The middle is a range. Second, where limits rest on a heatmap, because that is where size is trying to do business. The pocket is where he wants to get out. In New York, a few hundred lots, he says four to six hundred, are likely to fill and then stall. He would rather be stopped flat than give back most of a thousand-dollar open gain.
The trade he likes is the Friday before the talk, a Nasdaq break at all-time highs. Asia had already printed a high and then dropped about 250 points. Stretched moves interest him. The crowd called the rally finished. He stayed long because the backdrop had not changed and he read the drop as a push. That day he was right. Fundamentals get a daily look, but the data are not the part he trades. He trades the president's reaction. Bullish comments from Donald Trump mean Jonas is bullish. He adds that the president's bias never flips and has never been wrong. That sentence is his filter, not a tested result about the office.
How to use it
London is the session. New York can chop for hours. The break can start mid-range, which he sees when resting limits are tugged inward. A thousand bids against a couple of hundred offers is the imbalance. Orders parked 225 points up, with nobody hitting the market, are a pass. He uses a mirrored delta, not a cumulative one. The entry he wants is a rise, a pause, and about 200 lots sold into a price that will not drop.
Lot counts are not a rule. An early demand for 400 lots absorbed was useless. Asia can show 600 or 700. Europe usually cannot. Color is the filter. Deep red is large. A break of the prior extreme against the trade kills it. He treats a shift as genuine about nine times in ten and will not wait out the rest on the chance it was only a sweep. Risk sits under the latest low. A sweep that fails to close through, 20 or 40 points in the sketch, leaves a swept low bullish and a swept high bearish. The objective is the biggest sensible pocket nearby. Partials exist because a four-to-one aim has reached three and then given the rest back.
What usually goes wrong
Patterns the whole room can see, head and shoulders included, stay off the prop book. So does ICT. He does not call it unprofitable. Known support can still work because few people actually use it. He wants a reaction to the flow.
Checks were far apart: around 5 March, then around 20 April, with blown evaluations in between while he chased the money. A week off is not a missed trade. From January 2025, and then more than a year without a pause, the schedule burned him out. Five accounts lost inside the plan do not anger him. The same loss across twenty or thirty trades means he left the plan. Structure alone, a third of the edge in his telling, usually wins about 45 to 50 percent of the time when the payoff averages twice the risk. Add the other pieces and winners become more common. A replay moved the S&P stop from 15 ticks to 25 or 30. Most of the gain, in the split he uses, comes from a minority of trades. Track whether the stop moved and whether another trade was forced. Find a fitting method in a month of testing, then trade only that plan.
Questions people ask
Why so many accounts?
One to three at the start, ten or fifteen now, sometimes ten evaluations together. One firm down still leaves checks elsewhere. This firm, he says, cannot be passed inside a day because the evaluation hole is wide. The Trading Pit, by comparison, uses a 40 percent consistency rule, so the evaluation already takes at least three days. His own cash account is $3,000. On half-million accounts he says one strong day might produce $20,000, $30,000, or $40,000.
What did structure alone earn in the test?
About 45 to 50 percent winners, payoff averaging twice the risk, heatmap absent. Winners are more common once flow and liquidity join. His S&P stop widened from 15 ticks to 25 or 30 after he replayed himself. Those are his numbers.
What stays off the platform?
The emotion from a rejected payout, a fight at home, or the end of an eight-hour shift. The feeling is real. Opening the book to repair it is gambling.