Daniel Kertcher/Trading Pursuits - Serious or Scam?

[Alvin Purple]

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

Yes, Skyquake, September 21st calls, that's what I said. It will be September 20th in America, but it will be September 21st in Australia.

 

[skyQuake]

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

Yes, Skyquake, September 21st calls, that's what I said. It will be September 20th in America, but it will be September 21st in Australia.

Well thats funny because SNDK US 09/21/13 C45 were $9.80-$10.05bid/ask with SNDK @$54.82

There were no trades in those specific calls since from Wednesday till now.

A few trades went through @ $9.70 today. No-one did anything @ $12.90 as claimed.

 

[wayneL]

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

Well thats funny because SNDK US 09/21/13 C45 were $9.80-$10.05bid/ask with SNDK @$54.82

There were no trades in those specific calls since from Wednesday till now.

A few trades went through @ $9.70 today. No-one did anything @ $12.90 as claimed.

Yep there you go. ~$3.00 extrinsic on a ~20% away from the money oppie with 30 days till expiry?

I don't thinks so, there is only $1.90 odd extrinsic at the SEP55 ATM.

The REAL achievable trade is pretty skinny, 8c extrinsic BEFORE transaction costs, about 0.15% return on the face value of the trade.

...and what are transaction costs on this trade? What's that GSL going to cost if hit? What will ATM extrinsic be if that stop loss is touched? Probably a lot more than the credit recieved on this trade.

Break even? LOL!

Alvin, don't forget we've got live data, we can check figures, so your gonna have to substantiate your claim or be busted as a BSer.

 

[Joe Blow]

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

Notwithstanding, I felt unwelcome by the attack.

I understand, and am sorry that you have been on the receiving end of some of the frustration and skepticism that is being expressed by many here. However, given the direction this thread has taken, and the various unsubstantiated claims that have been made, it is hardly surprising that there is some suspicion about your motives.

After four and a half years at ASF with no posts, you probably picked the wrong thread to wade into with your first few posts.

 

[Pure Silk]

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

I understand, and am sorry that you have been on the receiving end of some of the frustration and skepticism that is being expressed by many here. However, given the direction this thread has taken, and the various unsubstantiated claims that have been made, it is hardly surprising that there is some suspicion about your motives.

After four and a half years at ASF with no posts, you probably picked the wrong thread to wade into with your first few posts.

Thanks...reassuring words. Just to put on record, I joined ASF 4 years ago at a point in time when I was trading just the big 4 banks on the ASX. I did not post anything at the time however I have since become a Daniel Kertcher fan and have been trading Options straight out of his Monthly reports for the past 2 years. I stumbled upon this thread through a random Google search and thought I'd look in simply because the Title interested me. Nothing Sinister, I am even using my real name.

 

[wayneL]

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

Yep there you go. ~$3.00 extrinsic on a ~20% away from the money oppie with 30 days till expiry?

I don't thinks so, there is only $1.90 odd extrinsic at the SEP55 ATM.

The REAL achievable trade is pretty skinny, 8c extrinsic BEFORE transaction costs, about 0.15% return on the face value of the trade.

...and what are transaction costs on this trade? What's that GSL going to cost if hit? What will ATM extrinsic be if that stop loss is touched? Probably a lot more than the credit recieved on this trade.

Break even? LOL!

Alvin, don't forget we've got live data, we can check figures, so your gonna have to substantiate your claim or be busted as a BSer.

As detailed way earlier in this thread, this trade is nothing other than a synthetic short $45spt13 put. Via put call parity, one only needs to look to the put to get the extrinsic premium for this trade...~8c

This also begs the question - why the hell would one p1ssfart around with long CFDs, GSLs and short calls with all the extra work, complication, convolution and transaction cost /contest risk as per the Kertcher position, when all one need to do is short the corresponding put... job done.

...if that is the risk/reward profile you want.

Via synthetics, put/call parity and the Greeks, it is easy to see that Alvins contention that a binary situation of either profit or break-even is the biggest load of mendacious crock imaginable.

Learn your option basics folks and nobody will ever pull the wool over your eyes.

 

[burglar]

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

... a binary situation of either profit or break-even ...

if I knew a way to either profit or break-even, I wouldn't tell anybody!

 

[saroq]

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?

Nah. The way Alvin gets slapped down time and time again with logic and mathematics but keeps coming back for more I'm forming a picture of a guy in a full body latex suit whispering his save word ... "Daniel"

 

[wayneL]

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

Well thats funny because SNDK US 09/21/13 C45 were $9.80-$10.05bid/ask with SNDK @$54.82

There were no trades in those specific calls since from Wednesday till now.

A few trades went through @ $9.70 today. No-one did anything @ $12.90 as claimed.

I wonder if we'll ever see Mr Alvin Purple ever again?

 

[burglar]

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

I wonder if we'll ever see Mr Alvin Purple ever again?

Show him your gelding tool, he will show you a clean set of heels.

 

[wayneL]

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

Show him your gelding tool, he will show you a clean set of heels.

Although a clean set of heels is my specialty, I don't have an emasculator, as I limit myself to procedures distal to the metacarpophalangeal and metatarsophalangeal joint.

However I possess a number of implements that may suffice in an emergency. :

 

[burglar]

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

... However I possess a number of implements that may suffice in an emergency. :

I tried to find out the name of the tool for gelding!
But google being limited, I found zip.

Now that I have googled emasculator,
suddenly google knows all about it.

Those implements don't look as scary and medieval as I expected!




I had to add google to my dictionary ... unbelievable!

 

[wayneL]

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

I tried to find out the name of the tool for gelding!
But google being limited, I found zip.

Now that I have googled emasculator,
suddenly google knows all about it.

Those implements don't look as scary and medieval as I expected!




I had to add google to my dictionary ... unbelievable!

Actually, it's still a pretty gruesome procedure, not changed much since those medieval days. I don't envy them at all

 

[Magda]

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

When I found this forum more than 3 months ago, I was hoping to find some useful information about options trading.

Unfortunately it seems that you guys and girls are only intersted in fighting amongst yourselves, belittling each other, calling each other names, but have no real interest in discussing trading rationally.

If that continues than I think I may have to find another forum.

 

[wayneL]

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

Nonsense Magda.

There are dozens of excellent options threads on ASF where many of our members, including myself, have put their heart and soul into sharing. I suggest you search for those and avoid threads regarding seminar spruikers such as Kertcher, McIntyre and his spawn, et al.

There is even such a thread currently active... Option Mentoring. Take a look. There may be some robust discussion and disagreement, but that is intrinsic to the learning process for all of us.

If you don't like negative, please don't add to it. Ask productive questions instead.

 

[burglar]

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

When I found this forum more than 3 months ago, I was hoping to find some useful information about options trading.

Unfortunately it seems that you guys and girls are only intersted in fighting amongst yourselves, belittling each other, calling each other names, but have no real interest in discussing trading rationally.

If that continues than I think I may have to find another forum.

I agree with WayneL; there are hundreds of serious posts here, about all manner of things, financial.

I am, however, proud to take the p!ss, whenever scammers appear to fleece our newbies!
Please stay and avail yourself of the positive.










Sorry, Wayne, if I have any redundant commas ...

 

[saroq]

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

I agree with WayneL; there are hundreds of serious posts here, about all manner of things, financial.

I am, however, proud to take the p!ss, whenever scammers appear to fleece our newbies!
Please stay and avail yourself of the positive.

Sorry, Wayne, if I have any redundant commas ...

Or Magda you could just move on. Your posts have not contributed anything positive to this topic so far. They are in stark contrast to the many who have contributed useful information to warm newbies about people like Daniel Kertcher and who have painstakingly shown newbies that people like Alvin Purple are liars.

Don't let the door hit you in the **** on your way out.

 

[sails]

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

When I found this forum more than 3 months ago, I was hoping to find some useful information about options trading.

Unfortunately it seems that you guys and girls are only intersted in fighting amongst yourselves, belittling each other, calling each other names, but have no real interest in discussing trading rationally.

If that continues than I think I may have to find another forum.

Magda - just type the word "options" into the search box on the upper right hand corner, hit enter and you will find numerous threads there discussing options.

 

[Magda]

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

Thank you all very much for your freely given advice.

You only mentioned two people from whom I might get advice about trading options. I will therefore contact those two people, Daniel Kertcher and Alvin Purple and I will let you know how I fared.

 

[CanOz]

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

Thank you all very much for your freely given advice.

You only mentioned two people from whom I might get advice about trading options. I will therefore contact those two people, Daniel Kertcher and Alvin Purple and I will let you know how I fared.

Oh dear, another .....