Day One Traders Review
Day One Traders is operated by former students of priceactiontradingsystem.com (PATs).
Reviews of Day One Traders suggest that Michael Chin and Riley Coleman stole content from PATs and are posing as experienced trading educators.
Furthermore, the owners of Price Action Trading System are accusing the two of repackaging their content and selling it as their own.
The course in question is called “Scalping Master Class”.
In this Day One Traders scalping course, they teach “3 simple ways to extract money from a single chart”.
The cost is $397.
Based on the reputation of the two, I have no choice but to tell you that this Day One Traders review will take the worst turn.
Is Day One Traders legit?
I’ve not bought the course but I have a rough idea of what it looks like and how smelly things can turn out.
It’s basically repackaged material from the folks at PATs. However, some important points to note are:
- Students will learn how to grow their account and earn full time income
- Students gain access to a community of like-minded individuals
- Precise trade entry checklist
- In-depth chart breakdown
Day One Traders is focusing on futures trading and encouraging students to start with $500.
Their favorite trading platform is the NinjaTrader 8.
Even if I wanted to buy this course, and assuming I was privy with the information that they stole content, I would simply cringe.
This is the reason these folks cannot compete with some of the trading resources that we’ve recommended here over time.
I wonder how Michael and Riley of Day One Traders intend to live on the internet after they’ve smeared their name with dirt.
Not only are they illegitimate, but their course is illegal as it breaches Copyright laws.
I am yet to find out who took the course and is a successful futures trader.
Conclusion
The owners of Day One Traders make scalping and day trading look simple.
Ask them for their trading performance and you’ll most likely be greeted with dead silence or a couple of excuses.
Thanks for reading my Day One Traders review. I can’t spend $397 on this course.
Even if I have disagreed with trading schools like OpulenceUK, Boss Traders, Incomeclass.net, I must confess that blatant copyright is unacceptable.
Jim Wells
What a shameful review. You openly admit that you haven’t purchased the DayOne trading course and yet you are reviewing it based only on pure speculation, guesswork, and parroting other’s vicious hateful unfounded rhetoric. You have no idea what you are talking about. I have purchased both PAT’s full all complete course and the DayOne Traders Scalping Masterclass. The two courses are nothing alike. There is NO copyright infringement. Pat’s says he teaches 2000 tick charts and that DayOneTraders stole that from him. That’s crap. Tic charts have been around a long time. A 1500 tick chart has been a staple in the trading community in many trading courses. If you would care to look, a 2000 tic chart is almost exactly the same as a 1 minute chart in the S&P, bar for bar, run for run. Did PAT’s develop this on his own that he has copyright to it? NO, he got it from someone else. Pat’s seems to think that he developed Price Action Trading and his course is the bedrock of price action trading. Have you ever heard of Al Brooks? He also has a Price Action Trading Course and teaches many of the same concepts. I have perused his course so I know what I’m talking about. I’ve also purchased his book, Reading Price Charts Bar By Bar. An excellent primer for price action trading. Pat’s teaches many of the same concepts that Al Brooks expounds upon in his book. Did he steal them from Pats or did Pats steal them for him? That’s just slanderous prattle, shameful. And speaking of courses, do a google search for Price Action Trading Courses. There are a plethora of price action day trading courses out there, from Singapore to Australia to Belgum. Some of these I’ve purchased simply to gain another traders perspective. Tradepedia even has a free Price Action Trading Course. Of all the courses I’ve purchased, including PAT’s and DayOneTraders, I think Michael and Riley of DayOne traders is the most open and honest course I’ve gone thru. I’ve been in their Discord trading room, I’ve talked to other DayOne traders, I’ve watched them place trades on the charts and listened to the reasons for placing their trades and their chart analysis. These guys make 3 or 4 successful scalp trades a day on the S&P. It’s amazing! And it’s real! Have you been in a successful trading room? Watched successful traders in action? You can if you purchase the DayOneTraders course. BTW, I’m not affiliated in any way with those folks I just hate to see hateful reviews like yours which are based on lies, slanderous gossip, and baseless conjecture.
Ray
This is all BS. I’m a follower of PAT’s series on YouTube and I have watched all Micheal Chin live trading series, I can tell that, they trading methods is nothing alike. Well except for the 2nd entry trading which was made popular by AL Brooks and is used by millions of traders.
If PAT is claiming Micheal stole his work then it must be something else. Because both have different approach to trading with AL Brooks being the common denominator. 🙂
Jim Wells
The owners of Price Action Trading System are accusing the two of repackaging their content and selling it as their own.
The course in question is called “Scalping Master Class”.
I think what Pat’s is accusing the DayOne Duo of stealing is quite clear. The work in question of being stolen is Pat’s Trading course which the two supposedly stole from Pats, repackaged it, and are selling it as their own. By my own findings and others who have knowledge of both courses, THEY ARE NOTHING ALIKE. Pat’s accusations are nothing more than pure speculation, guesswork, and vicious hateful unfounded rhetoric.
It saddens me that this baseless kind of behavior is not only accepted but get’s passed along to others. There really isn’t a place in the trading arena for this kind of rhetoric.
The previous poster is right, this hateful review which has no demonstrable basis in truth, is nothing more than BS.
Jim Wells
After contacting PATS regarding this review, he said that he didn’t want to keep anyone’s money who had such a low regard of him, so, he said he was going to refund my money. That has been over 2 months ago and I have not seen a dime so far. Furthermore, he has blocked me from accessing the course that I have already paid for. This kind of vindictive behavior not only reflects poorly on the man’s integrity, or should I say lack of integrity, it is also quite illegal. I believe it is called fraud. I feel I have been fraudulently scammed by PATS.