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Daytrading.Coach Review


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Daytrading.Coach Review

  #51 (permalink)
 
jeliner's Avatar
 jeliner 
Spokane Washington
 
Experience: Intermediate
Platform: NinjaTrader, TradeStation
Broker: NinjaTrader
Trading: ES, CL, YM, GC, NQ, Forex Majors
Posts: 40 since Nov 2016
Thanks Given: 5
Thanks Received: 61


kevinkdog View Post
I only know about you what you wrote above, but if you are selling scrap metal to gather funds to trade or get trading education, then trading is likely not for you.

Trading is really tough, and with your background (PTSD, lack of funds, 70% disabled) you are putting yourself in an impossible situation.

I apologize for hijacking this thread, but I hate to see people wanting to trade who should not be trading. I can't see your trading story ending well, and I wish I could.

Mr Kevin has a very good point. You should only risk capital that you can afford to lose. I have been trying to become successful at this for 26 years and have failed for 26 years. Sometimes I think that if I sold a services with buy/sell recommendations that people could become millionaires by taking trades opposite of what I recommend. This isn't easy by any means. I would not do this out of desperation.

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  #52 (permalink)
Ty199
Joplin, Mo. Jasper
 
Posts: 47 since Sep 2019
Thanks Given: 16
Thanks Received: 47


kevinkdog View Post
I only know about you what you wrote above, but if you are selling scrap metal to gather funds to trade or get trading education, then trading is likely not for you.

Trading is really tough, and with your background (PTSD, lack of funds, 70% disabled) you are putting yourself in an impossible situation.

I apologize for hijacking this thread, but I hate to see people wanting to trade who should not be trading. I can't see your trading story ending well, and I wish I could.

I appreciate your thoughts and concerns. I have been trading for about 5 years now but continued to fail like most do. But despite my limitations, they affect me in a way that involves people and surroundings. Im very physical and can do alot of things people half my age can not. I say people are Blessed with knowledge power or physical power. ( Smart people or athletic agility people ) I fall on the physical side. Im not stupid but no where near a surgeon LOL. I do have a college degree in Criminal Law. But when I say employment for me is rare, I mean in a aspect of people and my surroundings. Im the one that sets where back is never at compromise and my view is always on where a threat can come from. Just the way I was built and made. That is what makes it hard to work, having people at my back when not looking or able to keep my view toward a area where things can happen. We know this world and how people are and cant deny that there is people with a threat out there at anytime. Yea I could be a security guard or something but thats not me. I know you are not calling be dumb or stupid and understand what you are saying. But I figured I would explain my situation. Plus I like doing physical work. But only to an extent of when I want or can. Scrap Metal i find fun. But I have the mind to achieve what I want. I always hated seeing others who shouldn't be positions of mine and when they cant. I have seen men that are 100% raw toughness crawl in to a ball and never to be back again. But also seen them do it and a when its hot and they are in danger and you have to make them do what they was trained to do, pull themselves together in a instant and then be some of the best people you know you can rely on for your back.
Just saying a position is where you decide if you can take it or not. If a person has training and uses it correctly then why not. Thats what I looking for is training, education so I know what to do and look for. Didn't meant to be so long but just putting some insight on what my situation is. I do appreciate you input and in no way thinking you are calling me stupid or unable, just pointing that the odds are more against me than most and I respect that !

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  #53 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
Frequency: Daily
Duration: Minutes
Posts: 588 since May 2011
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jeliner View Post
The attorney did his due diligence. When I was a student of the DTC program a few years ago, I lived in Arlington, Texas. When they sent the letter to me it had my Washington address, where I am living now. They are just firmly convinced that I am you.


They're still obliged to prove without a doubt that JonnyBoy is you. There's a privacy policy in place on this forum and others. Big Mike can't just release your real name or anyone else's.

If this ever went to court, which I doubt, you could just represent yourself and demand hard evidence that JonnyBoy is actually you. If you're not JonnyBoy, they won't produce that evidence. From a legal website:

Defamation laws protect the reputations of individuals and other entities (such as businesses) from untrue and damaging statements. At the same time, the courts must protect freedom of speech for United States citizens. Libelous statements refer to words that can be seen (typically written and published), while slander occurs when a defamatory statement is spoken or otherwise audible (such as a radio broadcast). These cases often involve public figures or public officials and false statements made about them, but everyone's first amendment rights to free speech must still be protected.

To prove either type of a defamation lawsuit, plaintiffs must prove the following elements:

The defendant made a false and defamatory statement concerning the plaintiff;
The defendant made the defamatory statement to a third party knowing it was false (or they should have known it was false); and
The publisher acted at least negligently in publishing the communication.
Note: In some cases, the plaintiff must prove special damages.

The lawyer's tactic is to shut you up. You're not obliged top shut up about anything unless you're intentionally attempting defamation of character. You are entitled to your opinion about their service. If it's a lousy service, you're entitled to say so.

But if you're not JonnyBoy, you have nothing to worry about. Either they prove it or they don't. Case dismissed.

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  #54 (permalink)
Ty199
Joplin, Mo. Jasper
 
Posts: 47 since Sep 2019
Thanks Given: 16
Thanks Received: 47


jeliner View Post
Mr Kevin has a very good point. You should only risk capital that you can afford to lose. I have been trying to become a successful at this for 26 years and have failed for 26 years. Sometimes I think that if I sold a services with buy/sell recommendations that people could become millionaires by taking trades opposite of what I recommend. This isn't easy by any means. I would not do this out of desperation.

I understand as I have lost alot of money and know going desperate at something is a failing experience. I have learned that being desperate is not a way to approach this. Learning then applying is the only way. I just seek education on this because I actually love it despite all the losses and frustrations. I just enjoy the market and have that drive to find a way that works for me. As most have a design that works for them. I just love it and I hate to say that. But when something gets your interest and you have a drive to achieve why stop ? I know I would be very wealthy taking trades of opposite of what I thought also LOL.....

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  #55 (permalink)
Ty199
Joplin, Mo. Jasper
 
Posts: 47 since Sep 2019
Thanks Given: 16
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jeliner View Post
Hello Mr Ty:

I was a past student of Mr Jovan, back some 2+ years ago. If I am not mistaken one of his Coaches, Mr Lane was part of my class as well. I have failed at trading since 1994 and spend an average of 20-30k per year since 1994 on trading systems and failed attempts at trying be be a trader. I have bought it all - pretty much every piece of software and program for 26years. I have yet to find something that works. Personally, I think the people who really know how to make a living at this don't really teach it, and I don't blame them - because I would probably be their worst student.

When I discovered DTC, it was called Family First and Mr Jovan was the only coach. His program comes in two parts: technical analysis and mental aptitude. Quite frankly, I could never get into the mental aptitude part of his program, it was too abstract for someone with an evidenced-based, concrete perspective. So, I focused on trying to understand his indicators and trading plan.

Along with being a medical professional, I am pretty OK at coding. So, I am always working on coding projects (ie datamining) to test trading perspectives that I come up with, read about or notice. I had a set of indicators that worked with MACD to color my graph bars and was using a Liner-regression intercept price cross over as a entry signal. There were two things unique about DTC that I liked, the multi-time frame indicator (he called the hawk - which is really the eagle on a higher time frame) and the ribbon appearance he used in his indicator, which come to find out was created by someone else. So, while I was working on trying to make my Linear regression intercept work on multiple time frames, I sought help on the NinjaTrader forums. The data coming from multi-version indicator didn't match the data on the higher time frame chart. While I was working on this side project while in the DTC class, Mr Jovan accused me of trying to steal his software and he booted me from the program. he also turned off my indicators on NinjaTrader7 as well. When he did so, he refunded 80% of what I paid and I never heard from him or saw his indicators since ... until the threat of a lawsuit as mentioned in this thread.

I can tell you that I personally never got anywhere with his system - but this is coming from a point of view of a person who has bought pretty much everything and failed for the last 26 years. This is my take on his system and my history and experience with the company and its about as much input as I can give. If I would have had more time to play with it, maybe I could have gotten someplace with the system - maybe not. Because of my personal negative history, I would prefer not to explore that option.

The next thing that I am about to look at is JigSaw, its about 1700$ (much cheaper than DTC) and comes with training. I think training and education is what I need more than anything at this point. I really don't know anything about JigSaw yet, but there isnt much out there left I have not tried. I have been kinda putting off looking at it because Book Reading appears to be complicated and very fast paced. We will see.

Understand very much. I will just seek education from a person instead of a so called company, I have looked at JigSaw a little but haven't researched it yet. There is a few out there with passion to mentor someone. I will be looking for that person.

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  #56 (permalink)
 
JonnyBoy's Avatar
 JonnyBoy 
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
Posts: 1,561 since Apr 2012
Thanks Given: 706
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forgiven View Post
ok jackass , why don t you settle it all here and now. if you can really trade , post 3 years of audited brokerage statements showing the world you can really trade. if you can not do that , shut your trap, know one on here believes one word you say. making money talks and B.S. walks.

With respect, cool your jets here please. To be fair, @RJay is not claiming to be a trader. He only licenses his indicators to DTC. He needs to remain out of conversations with respect to the trading side of things over at DTC.

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  #57 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
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JonnyBoy View Post
With respect, cool your jets here please. To be fair, @RJay is not claiming to be a trader. He only licenses his indicators to DTC. He needs to remain out of conversations with respect to the trading side of things over at DTC.

i removed the post out of respect for all you re hard work ! sorry

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  #58 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
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forgiven View Post
i removed the post out of respect for all you re hard work ! sorry

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  #59 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 580


xplorer View Post
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you re correct of course , but the vendor implied we are bad people .

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  #60 (permalink)
 SpeculatorSeth   is a Vendor
 
Posts: 780 since Apr 2016
Thanks Given: 22
Thanks Received: 1,018


The thing that I find telling about situations like this is that such vendors are always dishonest when they don't need to be. I post my trading on Youtube, and I was probably one of the first to do it. I'm not always trading live, and I try to be clear about that with my audience. I tell viewers to just assume it is sim. In fact, I actually try to hide it from my audience when I'm trading live because I have an irrational fear of snipers trying to screw up the trade. Sometimes I do well, sometimes I do awful. I think I know a few things that provide edge, but I don't have it all figured out. I can describe how I've been doing lately, but there's no way to know if that performance will continue into the future.

It's the same with selling indicators. Nothing wrong with selling indicators. Even if it's just based on something else or it's an enhancement of a common indicator. Just sell it for a fair price. You don't have to make any claims or have hyped up marketing. You just tell people what it is trying to do, let them try it out themselves, and if they find value in it they'll pay for it. Just look at how much value you get out of LizardIndicators. I'm sure he does quite well with it, and he should because it is a good product.

But some vendors just cannot help themselves. They are always trying to sell $15k packages, and making the most outrageous claims about their performance. I don't think they can help it. I see the same pattern over and over again, and there's a perfect example in jeliner's post:


jeliner View Post
I would get my weekly calls that berated me and belittle me because my demands from the universe was not convincing enough. Every call and training session we were require to listen to him command the universe to

It is extremely common in these kinds of scams for the mentor to be verbally abusive. I think they view their success as being dependent on their students being successful, and lash out at the student when it doesn't work out. I don't know if that's psychopathy or narcissism or what, but it seems like I'm seeing it every day now.

Which is why it brings me so much joy to see efforts from people like JonnyBoy. I'm really quite impressed with the information presented in this thread, and I wish we saw it more often. TradingSchools always did a good job with this stuff, but for some reason we aren't seeing as much from them despite the scams being at an all time high. I have a big long list of YouTube channels and TikTok users that could use a similar treatment. These people are constantly spamming and harassing our communities. I've experienced a significant amount of personal harassment myself. I keep thinking that eventually the law will catch up to such schemes, or that at the very least YouTube would do something. Unfortunately, it doesn't seem that anyone actually cares.

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