Daytrading.Coach Review - futures io
futures io futures trading



Daytrading.Coach Review


Discussion in Trading Reviews and Vendors

Updated by JonnyBoy
      Top Posters
    1. looks_one JonnyBoy with 12 posts (47 thanks)
    2. looks_two aprilfool with 4 posts (3 thanks)
    3. looks_3 neil with 3 posts (4 thanks)
    4. looks_4 bobwest with 2 posts (5 thanks)
      Best Posters
    1. looks_one Big Mike with 4.0 thanks per post
    2. looks_two JonnyBoy with 3.9 thanks per post
    3. looks_3 bobwest with 2.5 thanks per post
    4. looks_4 neil with 1.3 thanks per post
    1. trending_up 1,388 views
    2. thumb_up 68 thanks given
    3. group 7 followers
    1. forum 21 replies
    2. attach_file 27 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Daytrading.Coach Review

(login for full post details)
  #21 (permalink)
Legendary Market Wizard
Calgary, Alberta
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,479 since Apr 2012
Thanks: 632 given, 3,424 received

Coach Lane Faking Live Trades? Again? You decide

Same story as my post above. After I exposed DTC of this deceiving practice a little while ago (way before this thread was started and something I'll discuss in a later post) they likely believed they had removed all of the videos that showed their deception of NOT trading from a live account. When they did so, unbelievably only 4 videos remained!

However, I believe I have exposed Coach Lane yet again. This time on the video highlighted below, which means he has been exposed on 2 out of 2 of his videos.



Exactly the same situation this time around as my post above. He supposedly had 4 resting limit orders at his profit level which does not align with the order book of 1, appearing to prove yet again it was traded from a SIM account. In addition the market did not penetrate his profit target level. This doesn't mean you won't get filled on a limit order but it is unlikely.

The DOM although not as finite as the T&S doesn't lie.



Some may ask, what do I have against DTC? The answer is nothing. It is a free country and you can do what you want. And if people want to pay out $13k for their training and get no free trial, then go for it.

My issue is with their deception and their marketing technique to get normal people to part with their hard earned cash. Calgary has been devastated by the Covid-19 crisis and unemployment is high. Regular people are looking for a different career and when they see a day trading career portrayed by DTC as an easy way to become a millionaire (yes, they use that a lot), it really gets my goat.

I can see that Bing and Google have started to index this thread, so if you are reading this whilst researching for a review on Day Trading Coach, Calgary, Alberta. I implore you to please do your due diligence. So far, none of their practices IMO appear to be honest, except for taking your money.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 3 users say Thank You to JonnyBoy for this post:

Can you help answer these questions
from other members on futures io?
MulitCharts: Limit Order converted to MIT
Platforms and Indicators
Anyone with Overcharts license/experience?
Platforms and Indicators
Heat Map on Trendspider
Platforms and Indicators
Traderoomplus
Trading Reviews and Vendors
US OTCQB STOCK Brooker for UK BASED RESIDENT
Brokers
 
Best Threads (Most Thanked)
in the last 7 days on futures io
What approach did you take to make progress in trading?
100 thanks
Daytrading.Coach Review
43 thanks
VWAP for stock index futures trading?
24 thanks
Beware of Feibel Trading - Review
23 thanks
Eurex Products Advice - FDAX/FDXM/FESX
21 thanks
 
(login for full post details)
  #22 (permalink)
Legendary Market Wizard
Calgary, Alberta
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,479 since Apr 2012
Thanks: 632 given, 3,424 received

Coach Jovan - LIVE trading video (SIM account NOT a LIVE account)

I had an interesting interaction today. Outside of FIO, a local Calgary trader wanted to discuss Day Trading Coach with me over Skype. At first I had no idea if this was a real request or this was DTC themselves. Either way, I obliged and fortunately they were a real ''student'' of DTC. They are currently in the DTC program but they have been extremely suspicious that not everything is as it seems and some red flags have popped up for them too late. The issue is, they just don't have the trading knowledge to counter them.

Unfortunately, they paid over $10k and are kind of stuck inside of it right now. They allowed me to take a look through all of the paraphernalia they have received from DTC in exchange for going through one of Coach Jovan's videos and explaining how the DOM / Order Book works in real time.

A video I said, why yes, I have many of them! I have after all been investigating these guys for a little while now as you can probably gather!

Like all of the ''trading'' videos (prior to Jovan removing them from YouTube after being exposed), this video was in the public domain available on YouTube. I chose this video because there is some interaction with other coaches that I thought was interesting.

I say coaches but I am not 100% sure. Remember, I already exposed Coach Lane in my prior posts so I can only allege that the other coaches must be aware of the practice to deceive taking real positions vs. SIM positions.

Anyway, after taking a losing trade Jovan jumps right back in. He doubles his position but unfortunately for him the DOM doesn't lie. At some points in video, the number of contracts he was supposedly trading were about 80% to 95% of the entire price level! If you don't want to watch the video I have time stamped the snapshots from it.

Again, when the resting limit orders in the book are lower than the number of contracts supposedly resting at his profit level means the trade was taken in SIM. Not a LIVE account.

All traders and I mean ALL traders should be aware of exactly how the order book works. So how Jovan can claim he has 20+ years trading experience without knowing he would be exposed via his DOM is incredible to me. This is exactly how Doran ''The Pit Bull'' Trader got exposed and has since disappeared as have many other charlatan traders when the truth finally catches up with them. The DOM doesn't lie.

My intention with DTC is to educate people about their dishonest practices. I have no problem with what they are doing. Their ''education'' might be amazing but before you write that check, take a breath and understand what you are getting into. There is no free trial once that check has been cashed.

I have now read through all of their terms and conditions and license agreements and they are 100% water tight as governed by the laws within the province of Alberta, but let's be clear I have never stated they are doing anything illegal. And they actually admit in their Terms of Service that any trades shown may not actually be executed by a coach or moderator.

And they also state that ''No coach or moderator, norany[sic] other person included in the DTC Group, is required to verify or maintain trade records or otherwise substantiate any trades, nor are any of them required to engage in any trading or investment strategy.'' - which is essentially their ''out'' for not requiring to prove any trades via brokerage statements or to put it bluntly DTC don't have to prove any trades at all - even on request of the students.

This IMO is a bit of a reach. People have paid because they trust what you are showing them. Once that trust is eroded I am not sure there is much left.

Anyway, here is the video.




--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Attached Files
Register to download File Type: mp4 Tuesday-Jan-14-2020-2-trades.mp4 (42.07 MB, 5 views)
Reply With Quote
The following 2 users say Thank You to JonnyBoy for this post:


futures io Trading Community Trading Reviews and Vendors > Daytrading.Coach Review


October 18, 2020


Upcoming Webinars and Events
 

Order Flow Tools w/MotiveWave & Zytrade Brokerage

Oct 22
 

Technical Analysis Workshop w/NinjaTrader

Oct 27
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

GruttePier

Oct TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts