Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?
I found this thread after already signing up for Daniel's course. It still seemed like a good idea to me, so I went ahead and did it. I don't have any personal experience to speak from yet (in terms of trading) - but I just went to Daniel's seminar on last weekend. Was it 4K? Yeah, it was. Is that a lot of money - yeah it is. Value for money? We'll see. It was definitely an informative and excellent introduction to trading to produce ongoing income.
Historically (looking back over their trades that you get access to if you do the course and pay $50 a month for the report) the hit ratio is something like 90-95% success. Of course - those that go down, are pretty big losses. Diversified, not as much a deal.
http://www.youtube.com/watch?v=BquDGE9KxZQ as linked to was fascinating - and is a pretty good summary of the Tradeability Income seminar's strategy - but... you do get manuals, dvd's of the course, and guided trades found for you. All up - honestly - I'm very happy with the course and considering doing the other ones he offers. I might be more or less happy in 6 months
That said - there were a few people re-sitting the course that had blown up their accounts and every one of them said it was because they didn't play by the rules of the strategy - which sounds like a common refrain among traders in general from my limited experience. oh - I found it really interesting that one of the first posters said he blew up his account in Aug 2011, and Karen said that was the same month they took heavy losses that took a few months to pay back - which is exactly the warning Daniel gives at the seminar - that its small, incremental growth - save your wins for 6 months as a buffer. Of course, if Aug 2011 was your first month doing it - that's poor consolation.
The returns look good - When they produce the report they show the %ages of return, and they vary depending on the vix and the stock and the market. The only thing I didn't like is that the returns they pitch on are calculated on only the actively engaged capital, rather than all of the tied-up capital (50% for money management - same as Karen suggests) so it doesn't really reflect the opportunity cost for that capital. That said - returns in low months look like about 2.5%-5% (on ALL capital) per month. Which is in line with what Karen says she is getting.
So far, I'm happy. I'll post back with my actual trading experiences in a few months time. Mr Market might be kind, he might be nasty... who knows.
I found this thread after already signing up for Daniel's course. It still seemed like a good idea to me, so I went ahead and did it. I don't have any personal experience to speak from yet (in terms of trading) - but I just went to Daniel's seminar on last weekend. Was it 4K? Yeah, it was. Is that a lot of money - yeah it is. Value for money? We'll see. It was definitely an informative and excellent introduction to trading to produce ongoing income.
Historically (looking back over their trades that you get access to if you do the course and pay $50 a month for the report) the hit ratio is something like 90-95% success. Of course - those that go down, are pretty big losses. Diversified, not as much a deal.
http://www.youtube.com/watch?v=BquDGE9KxZQ as linked to was fascinating - and is a pretty good summary of the Tradeability Income seminar's strategy - but... you do get manuals, dvd's of the course, and guided trades found for you. All up - honestly - I'm very happy with the course and considering doing the other ones he offers. I might be more or less happy in 6 months
That said - there were a few people re-sitting the course that had blown up their accounts and every one of them said it was because they didn't play by the rules of the strategy - which sounds like a common refrain among traders in general from my limited experience. oh - I found it really interesting that one of the first posters said he blew up his account in Aug 2011, and Karen said that was the same month they took heavy losses that took a few months to pay back - which is exactly the warning Daniel gives at the seminar - that its small, incremental growth - save your wins for 6 months as a buffer. Of course, if Aug 2011 was your first month doing it - that's poor consolation.
The returns look good - When they produce the report they show the %ages of return, and they vary depending on the vix and the stock and the market. The only thing I didn't like is that the returns they pitch on are calculated on only the actively engaged capital, rather than all of the tied-up capital (50% for money management - same as Karen suggests) so it doesn't really reflect the opportunity cost for that capital. That said - returns in low months look like about 2.5%-5% (on ALL capital) per month. Which is in line with what Karen says she is getting.
So far, I'm happy. I'll post back with my actual trading experiences in a few months time. Mr Market might be kind, he might be nasty... who knows.