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Daytrading.Coach Review


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Daytrading.Coach Review

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  #1 (permalink)
Calgary
 
Experience: Beginner
 
Posts: 4 since Jul 2020
Thanks: 12 given, 3 received

Hello,

Has anyone heard about this vendor - https://daytrading.coach/

The vendor is based in Alberta, Canada. To me it appears that they are reselling indicators packaged with the education course. Just wanted to check if anyone on this forum has come across this vendor or something similar.

Attached are some screenshots from their website. There software is called Golden Falcon Trading Pro. Its a bunch of customized indicators for NT8. They claim that their indicators combined with Elliot Wave Theory and Fibonacci analysis is more that 80% profitable.

Appreciate it if any one can give some feedback.

Cheers!!




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  #2 (permalink)
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aprilfool View Post
Hello,

Has anyone heard about this vendor - https://daytrading.coach/

The vendor is based in Alberta, Canada. To me it appears that they are reselling indicators packaged with the education course. Just wanted to check if anyone on this forum has come across this vendor or something similar.

Attached are some screenshots from their website. There software is called Golden Falcon Trading Pro. Its a bunch of customized indicators for NT8. They claim that their indicators combined with Elliot Wave Theory and Fibonacci analysis is more that 80% profitable.

Appreciate it if any one can give some feedback.

Cheers!!




Oh boy oh boy oh boy, I was waiting for somebody to post this. I did a deep dive on these guys because a) they are local and b) at least 3 people I know were going to shell out $13k for their "training''.

They have repackaged multiple indicators that @Fat Tails created for NT7 and made it a "system" as well as a few others. I essentially deconstructed their entire package from their charts. I will need @bobwest and @Big Mike to give me the go ahead to post. As far I know there is no digital copyright to what they are selling because these are literally repackaged indicators that I reversed engineered visually.

Whatever happens, watch for vendor shills to start coming out of the woodwork in their defence. In 10, 9, 8.....

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  #3 (permalink)
Legendary Market Wizard
Calgary, Alberta
 
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Until I post the rundown of their indicators, here is a breakdown of what I know about these guys.

They (Jovan) originally started out as ''FamilyFirstDynasty'' based out of 30, North Gould St, Ste 2164 in Wyoming. That address however is a front because lots of businesses are registered to that address, so perhaps this is a law / accountant practice that they used and registered at.

For as long as it remains up their original website is here https://www.familyfirstdynasty.com/ but with no links on that front page to navigate further.

It was here they began to put together a trading system and pumping it to the public. They initially started out in NT7.

They then registered this business in Canada as Family First Dynasty Holdings Inc. First in Victoria BC and then a daughter company registered in Alberta. The registered address is 300-14505 Bannister Rd SE, Calgary AB T2X 3J3 - which is a business named McLeod Law. So, again no real address to speak of.

https://beta.canadasbusinessregistries.ca/search/results?search=%7BFamily%20First%20Dynasty%20Holdings%20Inc.%7D&status=Active

This is all from the mind of Jovan who runs this now out of Calgary and charges $13k CAD for the privilege.

For $500.00 or less you can rebuild their indicator suite with over the counter readily available indicators for sale to the general public. Don't for one minute think their is anything special or proprietary about what they are doing.

Nothing illegal or underhand in any of the above, but there is some information about coach Jovan that is pretty telling about his ethics. I just need a second source of confirmation before I post that.

The TrustPilot reviews are Pay to Play so you can't trust any of those either.

https://www.tradingschools.org/reviews/trust-pilot-the-mecca-of-fraudulent-trading-reviews/

I have told 3 people now to turn the other way. Their offer of guaranteed success is littered with ''get our clauses'' for them, so take that with a pinch of salt.






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  #4 (permalink)
Calgary
 
Experience: Beginner
 
Posts: 4 since Jul 2020
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Thanks for posting the business registrations. After my extensive google search I did reach a conclusion that there was some link between family first dynasty and DTC. Its good to have confirmation.

On a side note Earn2trade is based in the same building as family first dynasty. Earn2trade address on their website is - 30 N Gould St STE 4000, Sheridan, WY 82801. Looks like that building is hub for trading company.

I hope you will able post the details for the indicators.

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  #5 (permalink)
Cambridge, UK
 
 
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JonnyBoy View Post
Hi - perhaps you might want to delete/move your post to a thread pertaining to that particular vendor. I am not seeing the ''link'' to the OP and this doesn't appear to be linked to DTC.

Sorry -so its one post per vendor - got it

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  #6 (permalink)
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neil View Post
Sorry -so its one post per vendor - got it

Yes, actually one thread per vendor, but you understood correctly.

This lets other people chime in on the same vendor, and it's altogether in one topic.

It's also a good idea to do a Search first (in the Search box in the upper right corner of every page), to make sure you don't open a duplicate thread. (I did check the vendor you mention, and there are no existing threads, so a new one can be opened -- which I see you have done.)

It all just takes some getting used to. You're getting the hang of it.

Bob.

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  #8 (permalink)
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bobwest View Post
Yes, actually one thread per vendor, but you understood correctly.

This lets other people chime in on the same vendor, and it's altogether in one topic.

It's also a good idea to do a Search first (in the Search box in the upper right corner of every page), to make sure you don't open a duplicate thread. (I did check the vendor you mention, and there are no existing threads, so a new one can be opened -- which I see you have done.)

It all just takes some getting used to. You're getting the hang of it.

Bob.

Thanks Bob. Great site and still working my way around it. The only site I found relating to Futures traders, both beginner and more experienced :-)

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Jovan Faking Live Trades? You decide

The Day Trading Coach YouTube channel used to be loaded with videos of Jovan's pulling thousands of dollars out of the RTY. He claimed he was trading LIVE from a LIVE account. The problem is - he wasn't trading from a LIVE account. If you thought he was, it appears you were duped.

Now before I move on to the evidence, you might notice that nearly all the videos from the Day Trading Coach YouTube have now been pulled. Only a handful remain. This is very likely (I don't know for certain) because I (through a 3rd party) already called him out on it. He knows he was faking it when confronted with the evidence below and was unable to provide brokerage statements of these profitable trades.

Here is a remnant from a Bing search. See the video thumbnail in the middle? He was posting videos daily claiming he was making thousands of dollars. However, these were SIM dollars people. This was NOT REAL MONEY.



Why am I presenting him as fake trading? Well, (apart from never getting slippage when trading the RTY with 30+contracts) the snapshots below were from some of the videos Jovan historically posted on YouTube (now removed). Notice something about those limit orders? The market depth does not include his profit target orders. In other words, he was trading in SIM. If he was trading from a LIVE account, the market depth would be inclusive of those profit target orders as resting ones.

The SIM colour background looks like a real account ''colour'' but this is an easy switch in NinjaTrader itself. It shouldn't be, but it is.

Now for some background, it is possible to hide a stop market or stop limit order from the market upon using Simulated Stop orders in NinjaTrader. However, this feature can only be used with stop market and stop limit orders. You can't use it with limit orders. See the link below for more information.

https://ninjatrader.com/support/helpGuides/nt8/?simulated_stop_orders.htm

On the counter, not all active orders reside at the exchange as resting orders. See the link below for more information.

https://ninjatrader.com/support/helpGuides/nt8/?where_do_your_orders_reside_.htm

However, the CME exchange supports limit orders so if he was truly trading the RTY the market depth would be reflected in his active profit target orders.

So, for people finding this thread (hopefully by Google or Bing search) be very careful and do your due diligence when it comes to Day Trading Coach. I am sure Jovan and team will come up with some excuse to tell you or try and change the narrative somehow. But, what I present below was confirmed by my broker and NinjaTrader to be a correct assumption.

In the handful of videos that still remain, the number of contracts traded are very small so it is very difficult to tell if it's real trading or SIM trading. So, my advice is to REQUEST BROKERAGE STATEMENTS for several trades across a time period to be sure. They may even try to blind you with techno babble about trading, but if all of this was real why pull the videos?




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  #10 (permalink)
Calgary
 
Experience: Beginner
 
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@JonnyBoy - Thanks for detailed response.

I have been following DTC from the beginning of 2020. I agree that youtube several videos have been removed, now only 4 remain which are not posted by Jovan. I also need to confess that I have been to "The Ranch". Initially, I thought that Jovan is posting all these videos and willing to have people over at his dwelling to showcase his methods, so there must be something is his system. Also, I'm a very curious person so had to go check it out. It was like any other trading seminar for the most part, they talked about there system, mindset, etc.... but there were several flags, so I decided to stay away from DTC.

I was still interested in there system and was trying to recreate their charts. Are you able to post the details of the indicator's?

Really appreciate your response. I will for sure stay away from DTC.

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