Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Yep, I just zipped up the .mp3 file and added it to the original post. It isn't all that exciting actually but I suppose gives some additional context.
--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Prior to getting removed from GoDaddy, I discovered the daytrading.coach website essentially ripped off https://www.warriortrading.com/ with their content. Warrior Trading were notified and they got daytrading.coach to remove the copied material.
So, not only was Day Trading Coach a scam, they also just ripped another trading website to make themselves look more professional.
@bobwest - please rename this thread title to read Daytrading.Coach and Golden-Falcon-Trading-Academy.com Review please.
EDIT: @bobwest I guess I should say that Google has indexed these pages quite nicely, so how do we make sure we don't muck that up if we change the thread title?
--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
The indicators look the same and/or they have leveraged from my work to deconstruct them. I just don't know right now.
The YouTube video mentions Coach Steve. Not sure who the hell that is. I have no idea what the hell this is all about.
@RJay - are you still involved with this? It doesn't look like it, but thought I would check.
EDIT: I edited this post once I watched the YouTube video. This doesn't appear to be Jovan, but certainly raises eyebrows. And confirmed. Coach Steve was ex Day Trading Coach.
EDIT EDIT: More information coming to light. This is NOT JOVAN. Some former DTC students are looking to utilise the knowledge they've acquired.
The indicators used are apparently in the public domain and they are having a webinar tonight. There was never anything ''special'' about the DTC indicator package as they were not difficult to rebuild and I expect this vendor will state the same and hopefully for free!
So, to clarify and be fair to this new vendor, Phoenix Traders are not Jovan or his son Jacob. As far as I can tell they are not affiliated with DTC other than been involved as students/coaches in the past.
--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
To me it seems like one of Jovan's coaches (Steve) set out on his own to offer training and is providing support for DTC members who purchased the DTC software. Looks like he is trying to distance himself from the DTC mess. Then there is ( https://www.golden-falcon-trading-academy.com/.) which maybe the adopted son? Both sites seem to have access to the DTC indicators and are packaging them differently. Maybe both sites are resellers for the indicators that RJ developed? It appears that RJ is the owner of them.
In the mean time, I have heard nothing from the lawyer or law firm that threatened to sue me over the whole fiasco. Not even so much as an apology either.
The most important thing I have learned from the whole mess is to never purchase anything that someone can turn off remotely. You never truly have lifetime access if someone can flip a Boolean switch to turn it all off down the road.
Unfortunately it appears he is still linked with Coach Jacob (from Day Trading Coach) so make of that what you will and do your due diligence as usual.
--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Another lesson might be not to put your faith in sellers of expensive systems, whether they can be turned off or not.
At most, any indicator package is -- and by its nature can be -- only slightly different from other work that is widely available. Why? Because this is ground that has been worked over for decades by very good people, who have squeezed just about everything out of things that track trends or things that oscillate, or whatever they do, and there simply are not going to be any major breakthroughs. The market does what it does, the tools track it, and that's basically it. If someone has a new tool that also tracks it, well, that tool cannot show you anything other than what the market is doing.... if it does, then it's inaccurate.
So, can a new oscillator at the bottom of the chart oscillate a whole lot differently from all the others? Possibly a little, but very much? No. Or any better? No.
Ditto for a line that moves along with price on the upper panel and shows you the trend. Other than being shorter or longer term., or maybe smoother or maybe changing colors or something, can it be a whole lot better than the others? No.
How about something that shows secret new levels that the market is going to for-sure turn at? Will it be a whole lot better than the others? You can see the pattern here.
I would be happy to pay a few bucks for someone's new idea -- because I can afford it and because I like new things (but it would have to be cheap.) Maybe it would even work better than something else, who knows? But the time when I paid thousands of dollars for guaranteed-to-make-you-money systems is way in the past for me. Like probably everyone, I shelled the money out at the time, and it did me no good either, just like it never did for anyone else. Not one of these is worth the money. How can they stay in business then? Because hope springs eternal.
It's a valuable learning experience.
Bob.
------------------
Edit: this is not to say that you cannot make money in the markets -- just that the pre-packaged, simple solutions are not going to do it for you. No matter how nice the charts look. Nothing will do the job like understanding the markets and understanding yourself as you respond to the markets, and that's work you have to do yourself.
When one door closes, another opens.
-- Cervantes, Don Quixote
I am not sure what Canada has in this regard. Certainly there can't be zero level of criminal activity. So what does Canada do about these situations? We used to have the OSC in Ontario. That did not help me when i lost $16k in a halted stock. The VSE used to have pump and dumps like meals for the homeless. The OSC did not have jurisdiction over that either.
Precisely. And I know that Day Trading Coach certainly capitalized on 'out of work' folk who thought that trading was a cash machine.
The Alberta Securities Commission is responsible for administering Alberta securities laws, including investigating, prosecuting and sanctioning breaches.* ASC staff review concerns to determine if they relate to issues within their jurisdiction, and whether they point to possible breaches of Alberta securities laws.* If they do, they may conduct further investigation, discuss the issue with the business or individual(s) involved, and if appropriate apply to have administrative or other sanctions ordered against wrongdoers.* If the review indicates that the matter is not one that the ASC can address, they may refer the issue to another organization.
The big problem is when an outfit gets busted they just shut up shop and move to a different location and different website.
For example, Bluehost have been given all the evidence regarding the Day Trading Coach scam but have refused to do anything about it.
This is terrible for the consumer, but it appears that Bluehost favour the scammer more than the individual and that is a problem for all of the professional bodies investigating, because they can't keep track.
Seriously though, shame on Bluehost.
The Day Trading Coach scam was literally one of thousands. People need to be more aware of where their money goes.
And when vendors (on FIO) continue to have a relationship with the same outfit that scammed nearly a million bucks from people, you just have to ask yourself why.
Is it money? Greed? Nieveity? Either way, threads like this get indexed and you can only hope desperate people don't fall foul of all the scams happening to innocent people right now who find themselves out of work and desperate.
Due diligence are two words that should be adhered to before you put money into anything, and especially something trading related.
--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Personally, I think its a dangerous thing when people use their position to censor content, even if inaccurate. Censorship leads to a particular persons control of what people are allowed to think or know about something.
