I wanted to put this up to clear the air on Micheal Chin, Riley Coleman and the Dayonetraders.com website. I continue to get questions as to their affiliation to PATs and our website. I am going to use this as an opportunity to clear the air.
Neither Dayonetraders.com, Michael Chin or Riley Coleman are affiliated with PATs in any way, other than the fact that they were recent students and members of our membership program. They are not acting on behalf of me, PATs or the priceactiontradingsystem.com website. They took our materials without authorization or approval, repackaged them and are now selling them with the claims that they are futures trading experts. In fact, they are selling our materials for four times the price we sell them for, while also offering their expert advice for life. I see they did remove the “expert” title or claim from their name and likeness on the Dayonetraders.com website, so at least they did figure out that was a bad idea.
I had my in house lawyer, who represents me for any of my legal needs, but who is not in practice as a copyright lawyer, send them a cease and desist order. However, they basically ignored that request, questioned its authenticity and dared me to sue them.
I have since spoken with an actual copyright lawyer and we are discussing how we will proceed form here. Honestly, I could care less about them selling anything or even using our materials in a “non-monetary” manner, but I am adamantly opposed to them stealing our materials and reselling them, all the while posing as trading experts. No one uses 2000 tick charts but PATs, and we introduced the use of those charts along with the term second entry and measured moves as well. Our measured move strategy is not taught anywhere else that I am aware of either, so for them to claim any of these as their ideas is a farce.
Most people do not even know what a tick chart is, and I would bet these two had never heard of them either until they recently took our course. Even if they knew about tick charts, what are the odds that they would choose a 2000 tick chart? About a million to one maybe, but obviously since they were students here, we know exactly where they got the idea for using a 2000 tick chart, second entries and the measured move strategy, along with all of the other ideas they are selling on their Dayonetraders.com website.
We introduced these terms to the public, along with their exact trading strategy many years ago, and you can go back and verify that by looking at some of our very early YouTube videos. You can also look at the copyright notices and dates in our manual if you have a copy of one. Nobody else was using those terms, along with many of the other terms they are using prior to us making them public with our materials over ten years ago. The scalp and run strategy is copied straight from the pages of our PATs manual. See our legal notice and the copyright dates below. The page below was pulled directly from our manual.
At this point, I am not sure what my next move will be legally, but for now, I wanted to clear the air and make people aware of why these guys materials look so much like our materials. Honestly, they have lofted me a softball with this. You can clearly see that they are taking our copyrighted materials, repackaging them and selling them as their own ideas and trading strategy. What they are doing is very much illegal and downright dirty plagiarism if nothing else.
You can come to your own conclusion as to whether or not these guys are futures trading experts. It is difficult to write that with a straight face really, but just in case there is any question or doubt, I am posting some screen shots from our website that show you proof of their buying our materials and being members of our website only a few weeks ago.
The real question is why were they members and why did they buy our materials? If they are experts, then they obviously did not need to learn our materials, so why were both of them members of our private membership area logging in often up until just a few weeks ago? Were they here to learn about price action and futures trading, or were they here to steal our materials? If they were here to learn, then they obviously are not experts. I will let you form your own opinions and conclusions, as I am only sharing what I know to be true facts about these two.
I have posted some proof of my claims below so that you can see I am giving you actual facts. I removed most of their email address and their IP addresses for privacy reasons. Not that they deserve privacy, but I try to treat others as I would want them to treat me. It just seems like the right thing to do. so I didn’t reveal some of the personal information about them like email and IP addresses.
The first item below is proof of purchase of our Price Action Manual by both of them. I am not sure what their relationship is to one another, or if they even knew each other previously, but they are obviously in on their scheme together now. They obviously both saw the copyright notices and resale and private use notices, but they still chose to ignore them.
Now, notice where both were members of our private membership area. Riley was smart enough not to add his photo, but you can see Michael’s picture, so no doubt or confusion as to who these two really are here.
I added a close up here for a better view, as the thumbnail was not easy to see due to it’s small size. There is No doubting that this is the same Michael Chin that claims to be a futures trading expert over at Dayonetraders.com.
Notice how often Michael Chin was logging into the PATs website and notice the dates as well, so you can see that it was only a few weeks ago that he was a regular user of our materials.
I will not bore you by posting a lot of their emails, but I wanted to add one here from Mr. Coleman just to show you he was still looking to me for guidance in late January of this year. Basically up until a few weeks ago both were still very active here with the PATs materials. Riley was studying our materials month’s prior to Michael, although Michael seems to be spearheading their website.
I really would have liked to have avoided doing this, and I also wanted to avoid taking legal actions. I attempted to do this in an amicable manner first. I asked them nicely by personal email, then asked them nicely by sending a cease and desist request through my lawyer, both of which they chose to ignore.
I do not care about them trying to make a living or even selling things on the Internet. What I care about is them stealing and selling our materials and then charging other unsuspecting customers four times the price. I care about them passing themselves off as futures experts when they are nothing of the sort. Maybe they have become profitable traders, as that is very possible, but they have not traded long enough to be futures experts. You will not see many true futures experts in their age bracket because it takes many years to really become an expert at this. I am still trying to achieve that title myself, and I have been at this for more than 20 years now. It is guys like Michael and Riley that give all the legitimate traders and teachers bad names. It is people like them that give this business a black eye. The two things these guys are good at is theft/plagiarism and Internet Marketing, so I will bestow them with those titles. Anything past that and you can draw your own conclusions.
I hope this now answers all of the questions and emails I am receiving as to who these guy are and if I know about them or if I am affiliated with them. The answer is that I do know about them, but they are absolutely not authorized to teach or sell our materials. At some point, there will be a reckoning for these two, as there will be legal consequences for what they are doing. They had a chance to do the right thing, but I guess charging unsuspecting people almost $400 for someone else’s proprietary materials is just too enticing.
Obviously they realize they have made mistakes, because they have changed the wording on their website over the last few days. I have snap shots of all of their original website pages, so they did not act fast enough to hide it from my lawyers. Ultimately, I want them to cease and desist completely with the selling of our PATs materials. If they want to create a new trading strategy of their own, they can have it, but they will not get away with selling our materials and proprietary information.
Thanks to those of you that pointed this out to me in the beginning, as there are still some honest and honorable people in this world that saw this for what it was and notified me. For anyone else that is searching for information on Dayonetraders.com, I hope this helps you to make an educated and informed decision on whether or not to purchase the PATs materials and our price action trading strategy from those two actors, while also paying four times the cost we sell it for here at priceactiontradingsystem.com.