Thanks for reading today’s review of Coherent Vibrations
What is Coherent Vibrations? The company is a day trading educational company owned and operated by David Becket. The cost of the day trading educational program is as follows:
- Levels L1, L2, L3 – Training & Trading Room Only with Moderation – $999
- Level L4 Training Key Base Component & Trading Room Only with Moderation – $1899
- Level L5 Training Advanced Footprints, Moderation & One-On-One 2X Week Lifetime – $3799
To David Beckets credit, he does offer an 80% money back guarantee. However, this is only applicable for purchases of the $3,799 educational plan. In addition, it is important to note that in order to trigger the refund, the customer must pass a rigorous 7-steps refund process. This process seems nearly impossible to complete.
For instance, one of the 7-steps includes a “Jeopardy” like game show quality where the individual must complete several one-on-one questions and answers sessions, in which all quizzes and questions must be answered correctly. No exceptions.
In addition, the person must also submit a daily journal that describes each trade in minute detail, and each trade must conform to the “Business Plan and Acid Test.” No trades can be taken unless it is part of the pre-approved business plan. If any trades are taken outside of the “Business Plan and or Acid Test” then person is subject to immediate disqualification.
The person must also complete the “Acid Test” a minimum of three times during a 6-month period. David does not go into much detail into what exactly is the “Acid Test” is, but it sure sounds painful. Only after completing this obstacle course of obfuscation, over a minimum of 6-months, they can apply for an 80% refund.
In my opinion, the refund policy is reminiscent of the obstacle course from the popular Japanese game show, Takeshi’s Castle.
Some readers might be questioning why tradingschools.pro is writing about what appears to be an obscure trading educator, stranded in the hinterlands of nearly zero web traffic and nearly zero public interest. Truth be told, I wondered if writing about David Becket was worth the time. However, over the past several months a steady trickle of complaints began hitting the inbox. After speaking with several individuals, it appears that David Becket is actually part of Trading Concepts.
For those unaware, Trading Concepts is a long, long, very long time hustler of all things day-trading related. The owner of the company Todd Mitchell has been selling magical trading indicators, in various derivations, for well over 20 years. It seems that every couple of years, Todd takes his tired, old trading ingredients and repackages them as something new and fantastic. Todd Mitchell is the Taco Bell of the trading world. The same old ingredients,
Todd Mitchell is the Taco Bell of the trading world. The same old ingredients, mish-mashed into something that looks fresh and interesting. But yet, the ingredients are all the same. Like the Gordita, the Gordita Crunch, Nacho Supreme X3 Cheesy Taco, Power-Bowl Nacho Supreme, Cheesy Master Taco, Griddled Burrito, Cool Ranch Doritos Taco Supreme, Cheesy Meat Roll Up, Triple Double Crunch Wrap, Fiery Doritos Locos Supreme. The list is long and will be forever changing.
But again, the one constant is that the ingredients are the same, of little nutritional value, and can often be described at “mystery meat and synthetic cheese“. This is the essential Todd Mitchell. And David Becket is simply another “mystery meat and synthetic cheese” output of Todd Mitchel and Trading Concepts.
Trading Room and Track Record
David Becket keeps a supposed track record of trades on his YouTube channel. These are primarily promotional video’s that purport a truly amazing track record of winning trades. In fact, on the YouTube channel, we cannot find a single losing day.
It is important to note that David is very careful not to create a freeway billboard banner that proclaims his trading greatness. He is clever and subtle. He begins his videos with the usual disclaimers, and then quickly transitions into a supposed list of trades that he supposedly executed on his Ninja Trader platform. However, it’s all recorded jibber jabber of post-market replay. All carefully selected clips of how well he did, and plenty of supposed performance numbers from “thriving students.”
From a regulatory perspective, if David proclaims that his trades are real and authentic, he knows that he is opening his g-string underwear up to CFTC regulators. And so to get around this, he creates videos of outrageous performance records that he supposedly received from “Student graduates.” One has to wonder whom these mystery graduate students are, and if the amazing performance is just a clever way to introducing “actual” performance, without actually disclosing personal trading records. The following video is a prime example. Notice how he introduces the trades as “distinct opportunities” and “many people profited from.” Lots of clever linguistics.