Daniel Kertcher/Trading Pursuits - Serious or Scam?

[sails]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

The one clear trade you provided turned out to be nothing but a GAMBLE. Crank up the leverage and buy apple right before earnings, "DELAY" selling calls till after the announcement.

If I want coinflips I'll go to starcity. At least I won't get taxed on my winnings and there's a cheap delicious lunch buffet

I only remember Alvin giving entry details once, not many as he claims...

Happy to be corrected with post numbers, Alvin.

 

[saroq]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I am fully aware that this may be my last post ever on this forum. I can live with that.

The reason many posters who have contacted me privately and shown their support, but have not come out openly on this forum is that they are afraid of being banned. It is as simple as that.

Alvin Purple

What a load of rubbish and most likely a bald faced lie. Read some of the heated or spirited exchanges in these forums and you'll soon realize that it take a lot more than supporting the posts of another ASF member to get banned.

This thread was supposed to be about Daniel Kertcher; it now has become clearly about me. However, being Alvin Purple I am very used to attract attention - always have, always will.

This thread is/was about Kertcher's product until you his other sock puppets took it off on this tangent. Interesting how this happened just about the same time ASF members started posting information about Kertcher's dubious past.

On many occasions I have stated the entry price, the strike price and the option premium before I placed the trades. Unfortunately, (and I may well get into trouble for saying that) the moderators and administrators of this forum have, for reasons that are not at all clear to me, removed those posts soon after I posted them.

I don't recall any of these many posts being removed perhaps you'd like to tell us about them or the moderators could confirm if this has happened. Regardless you can silence all the critics easily and immediately by providing proof of your claims, which you should have, but which you refuse to do.

 

[wayneL]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

There are specific parameters we mods are given for either deleting posts or bans. There is no gratuitous moderating at ASF. Joe is very strong on this, everyone must be subject to the same set of rules.

Nobody would be banned for stating a positive opinion of Alvin, but Alvin being a Kertcher sockpuppet, they most certainly would be questioned as to the veracity of any specific claims.

I am not personally aware of any deleted posts on this thread and I certainly have not deleted any.

 

[Alvin Purple]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Funny that.

You are not aware of any of my posts being removed. That is funny, because many posters have told me privately that they noticed that my posts had been removed. One of them even asked the moderators and administrators on this forum that my post be reinstated so that the trade I had listed could be followed by all. But his request fell on deaf ears.

I will therefore post one more trade that I will be entering tomorrow night (Monday) as son as the market opens.

I'll be buying SNDK at about $55.75 and sell the corresponding number of deep-in-the-money September call options with a strike at $45.00 for which I expect to get a premium of about $11.30. S/L will be at about $44.90.

If the share price and premium are roughly what I expect, I will place the trade and expect a return of about 4 % to 5 %.

Provided this post does not get deleted, we can then all watch the trade develop until expiry.

 

[skyQuake]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Funny that.

You are not aware of any of my posts being removed. That is funny, because many posters have told me privately that they noticed that my posts had been removed. One of them even asked the moderators and administrators on this forum that my post be reinstated so that the trade I had listed could be followed by all. But his request fell on deaf ears.

I will therefore post one more trade that I will be entering tomorrow night (Monday) as son as the market opens.

I'll be buying SNDK at about $55.75 and sell the corresponding number of deep-in-the-money September call options with a strike at $45.00 for which I expect to get a premium of about $11.30. S/L will be at about $44.90.

If the share price and premium are roughly what I expect, I will place the trade and expect a return of about 4 % to 5 %.

Provided this post does not get deleted, we can then all watch the trade develop until expiry.

Cool, nice and clear.

I assume Sept 21 calls? And no GSLO?

Comes to 55c prem. How are you getting the 4-5% figure?

 

[Joe Blow]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I would just like to jump in here and make a few quick points.

One of Alvin's posts was removed from this thread by a moderator because it was posted six days after the trade mentioned in the post was originally entered. This was considered to be a hindsight trade as it obviously would never have been posted at all if the trade had gone against Alvin in those first six days.

To set the record straight, this post has now been restored and is post #316 in this thread. When a moderator deletes a post it is "soft deleted" which means that it is removed from public view but it is not physically deleted from the thread. All soft deleted posts can be reviewed and restored later if deemed appropriate.

ASF members are never banned for expressing an opinion, or showing support for another ASF member. People are banned solely on the basis of behaviour that is in violation of ASF's rules. Spamming, insulting other ASF members, disrupting the forums, constant ramping or deliberately attempting to mislead other ASF members are some reasons that someone may be banned. Links to the Code of Conduct and Posting Guidelines can be found at the bottom of every page for those who would like to review them.

Live trades are always welcome if someone wishes to demonstrate their method or system. However, they must be called live. This means that both the entry and exit must be posted within 10 minutes of the trade being entered and exited. Calling a trade six days after it was originally entered is not a live trade.

 

[skyQuake]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

The question is: Can you handle the truth? In my humble opinion "YOU CAN'T HANDLE THE TRUTH"

The simple fact is that what I did last week I have done many times before and the outcome was either a profit or a break-even situation.

I have also told you exactly what I am doing this week and just to clarify a few points I will give you the exact details. Again, no hindsight required, as this trade will not finish until Saturday morning, August 3, 2013.

Last Tuesday, July 23 I bought a large number of AAPL CFDs at $418.95. Next day I sold a corresponding number of call option contracts, Strike $450, premium $1.70, expiry date July 26. On Saturday morning (July 27) AAPL ended up at $440.99, the options expired worthless and I collected all the premium income as profit.

Well done on that trade then. I was actually long after the earnings but I can't prove it either.

I'll take your word for it though:

$440.99-418.95 + 1.70 (prem) - 1.256 (GSL prem) = $22.48/share profit. (ignoring brokerage and funding costs)
What would have happened if apple fell by $22.04 instead of rising?
GSL would have kicked in: Max loss is -$20.95 +1.70 (prem) -1.256 (GSL Prem) = -$20.50
$22.48 profit vs $20.50 loss. Nice odds.
I also note in the 'unlikely' event that Apple fell 5% and triggered the GSL then bounced back above $450, the trade would be very sour.

Just before market close (5.50 a.m. Saturday, July 27) I sold the same number of call option contracts, Strike $450, premium $1.75, expiry date August 2. The GSL was moved to $418.90 which is slightly above break-even point.

This is a new trade so we'll treat it like one. Long @ 440.99
Sell 450 call @ 1.75

So, all I have to do is wait until Saturday morning, 6.00 a.m. when the options expire.

There are only three possible outcomes: AAPL ends up above $450 in which case I will have to sell my CFDs at a huge profit (remember I bought them at $418.95)

450-440.99+1.75 = $10.76 (profit capped @ 10.76 for Apple >= $450)

The second scenario is if AAPL ends up below $450 but above $418.95 in which case the options expire worthless (just as they did last week) and I collect all the premium income as profit.

You break even @ 439.24, anything under, u lose money.
eg if it closes @ 419.24, you're down $20/share

The third scenario is if AAPL ends up below $418.90 in which case my CFDs are sold at $418.90, I'll lose 5 cents per share but still collect the call option premium of $1.75 per share and make a profit similar to that in the second scenario.

418.90-440.99+1.75 = -20.34

So we have $10.76 potential profit and $20.34 potential loss. for trade no.2.

Compared to your $22.48 profit from trade number 1.

A nice $2.14 total profit which is EXCLUSIVE of funding costs and brokerage.

I am curious though, with trade No.2 Apple closed @ 462 so you obviously got exercised. How did you deliver?


As I said before, if i want coinflips I go to star city.

Disclosure: I don't own shares in EGP

 

[Pure Silk]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I would just like to jump in here and make a few quick points.


ASF members are never banned for expressing an opinion, or showing support for another ASF member. People are banned solely on the basis of behaviour that is in violation of ASF's rules. Spamming, insulting other ASF members, disrupting the forums, constant ramping or deliberately attempting to mislead other ASF members are some reasons that someone may be banned. Links to the Code of Conduct and Posting Guidelines can be found at the bottom of every page for those who would like to review them.

I posted an innocent comment on this forum and was immediately labelled a "sock puppet" and referred to as a troll and scammer see #319:
"Just how many sock puppets does this guy have up his sleeve? Is like half of ASF dormant sock puppets registered by trolls and scammers? "

Little wonder I have been reluctant to contribute further. Joe Blow, is this a form of insulting and if so should the offending member now be banned or at least warned and asked to apologize for this unprovoked act in terms of your advice above.

 

[cynic]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

At the risk of being off topic, I am certain we're all now only too familiar with the adage:

"If the sock fits - wear it!"

 

[CanOz]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

At the risk of being off topic, I am certain we're all now only too familiar with the adage:

"If the sock fits - wear it!"

PML

 

[burglar]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

PML

posterior mitral leaflet??

 

[Pure Silk]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

posterior mitral leaflet??

NO- he wet his pants.

 

[Alvin Purple]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Here is to the crazy ones. The rebels. The trouble- makers. The ones who see things differently. While some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.

 

[skyQuake]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Here is to the crazy ones. The rebels. The trouble- makers. The ones who see things differently. While some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.

When caught red handed and out of excuses, default to pseudo-motivational quote.

Are you by any chance a politician?

 

[wayneL]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

When caught red handed and out of excuses, default to pseudo-motivational quote.

Are you by any chance a politician?

...and in the end, there is mathematics.

 

[IFocus]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

The reason many posters who have contacted me privately and shown their support, but have not come out openly on this forum is that they are afraid of being banned. It is as simple as that.


Alvin Purple

HHmmmmm...........rubbish, prove up your claims or for ever be treated with contempt and rightly so.

BTW running up a couple of positions wont cut the claim of 3 years at 30%........ever.

 

[Joe Blow]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I posted an innocent comment on this forum and was immediately labelled a "sock puppet" and referred to as a troll and scammer see #319:
"Just how many sock puppets does this guy have up his sleeve? Is like half of ASF dormant sock puppets registered by trolls and scammers? "

Little wonder I have been reluctant to contribute further. Joe Blow, is this a form of insulting and if so should the offending member now be banned or at least warned and asked to apologize for this unprovoked act in terms of your advice above.

Questioning the motives of others is not insulting them. Given that you have four posts in total and all of them are in this thread, it is not unreasonable for others to have suspicions about your motives.

 

[Alvin Purple]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I have just placed the following trade:

Bought CFDs of SNDK at $54.83 with S/L @ $44.90, sold the corresponding number of September call options @12.90 at a strike price of $45.00.

Now all I have to do is wait until September 21 and I will either make a profit or break even and according to some of you I might even make a loss, but I don't think so.

 

[skyQuake]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I have just placed the following trade:

Bought CFDs of SNDK at $54.83 with S/L @ $44.90, sold the corresponding number of September call options @12.90 at a strike price of $45.00.

Now all I have to do is wait until September 21 and I will either make a profit or break even and according to some of you I might even make a loss, but I don't think so.

21st Sept calls?

 

[Pure Silk]

Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Questioning the motives of others is not insulting them. Given that you have four posts in total and all of them are in this thread, it is not unreasonable for others to have suspicions about your motives.

Notwithstanding, I felt unwelcome by the attack.