Daniel Kertcher/Trading Pursuits - Serious or Scam?

[ofktrades]

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

If, after reading all the pages of this thread, I hadn't discovered that everyone that come on here to actually speak positive of Daniel Kertcher and his programs, are met with an unbelievable ****-storm of accusations, I think I'd be pretty excited about being a first-time poster here (oh, and if you think I'm DK or whatever, read the final paragraph). However, the level of paranoia on here is just staggering. The amusing part is that none of the hardcore haters have actually taken the time to attend a course, but are just spewing bile and "facts" based in their own bitterness of knowing all the technical facts, but - and I'm guessing - still failing to make substantial profits in the markets.

I'm 27 now, from Europe, and was invited to one of DKs seminars for free (as my mate had one to spare), about 3 years ago when I was in Australia to do my studies. With close to $100,000 in student loans at the time (that I still have), and an arts degree that I saw no hopes in making money from after my studies finished (and this is true, not making any money from my degree), I thought that a free ticket for a $3,000+ wealth creation seminar - regardless of how ****ty it might be - was worth my weekend. After having attended the first seminar, I've subsequently also attended his income+ course, as well as the Master course a while later.

I found that using his income strategies are NOT a surefire way to get rich. You've got a shot to make some profits regardless of your account size, but unless you've got at least $20,000 (which I didn't have in my account to begin with), the income strategies are more likely to eat up most of your profits through the commissions etc, and when you incur the occasional losses on a position, it eats up even more of what little profits you've managed to scrounge up.

However, after doing his Master's course, I turned my eyes more on the long-term contrarian strategies of looking for severely under/overvalued currencies/commodities/stocks/futures/etc, and either outright opening positions on them, or getting long dated options. This was about 1 year after doing his first course. Prior to changing my focus, my account had gone up from the initial $13,000 to a bit over $20,000 (using a mix of his income strategies, but also some capital gains trade ideas he had mentioned during the seminars themselves), but then I got a bit greedy on a 200x forex trade that I thought was a "sure thing" (this particular trade was one of my own ideas, and had nothing to do with DK), and my account dropped down to about $10k.

At that point, I transferred my money from IG Markets over to Spectrum Live, and started using more of the approach taught in the Master's seminars. Put shortly, this seminar focuses less on income strategies and more on long term capital gains strategies, primarily through the use of buying long dated options, or entering trades that are trading highly above or below their historical values (combined, of course, with looking at the fundamentals to see if it matches up with the contrarian value appraisal one eventually forms of said security).

In the 2 years since then, I have - in addition to staying up to date on the regular webinars on TP's website - done my utmost at learning as much as I can, from a variety of sources, on market psychology (mostly from a contrarian point of view, as this is the philosophy I've found agrees most with me), and am very happy with my results. I enter extremely few trades per year. I spend hours and days and weeks researching said trades. I think day trading is the most idiotic concept out there. I don't have a need to trade frequently to feel that "I'm doing something". I utilize very little capital if I'm on a leveraged trade that requires margin, but tend to go a bit bigger on my positions when buying long dated options (mostly on forex pairs).

I've definitely made some money in the past 2 years. Am I wealthy? No, not yet. Am I going to pay down my $100,000 student loans any time soon, purely with proceeds from trading (which DK introduced me to)? Yes, most likely by the end of 2014 (could do it sooner, but then I wouldn't have much of an account left to keep building wealth). Did DK teach me the basics of how to trade the markets? Yes. Are all of his strategies fail proof? No. Can anyone do this? No, not really. You either need a big enough account to do his income strategies (which require little work) so that commission and the occasional big losses doesn't set you back too much; or a lot of time, hard work and dedication to sharpen the basics he teaches you, and then go out there and "do your own thing".

Is he a scam? No, he's not. Does he exaggerate the simplicity of taking his teachings and becoming wealthy? Yeah, you could say that. Can you take his teachings, as a previously 100% inexperienced trader (my only "trading" experience prior to DK was the Auction House in World of Warcraft in my late teens), and - combined with some due diligence - seriously change your personal finances around? Ask me in about 2 years, but so far, it seems to be going well for me at least.

PS! Alvin, thanks for reminding me that there's a time for DKs capital gains strategies, and a time for his income strategies. I'm really excited for my current trades to finish, as I'm probably going to be more than comfortably sized to start doing more of the income strategies again, and hopefully find a part-time job rather than my current ****ty full-time job (cash flow for bills, zzz). Really excited to move back to Oz and spend some more time in GC, leisuring away! :-D

Oh, and if someone thinks I'm DK: Vad jag vet så är inte DK särskillt grym på svenska. Fast, kanske han är, vad vet vel jag. Allt jag vet är att jag tycker det är ganska roligt att ni är så 100% övertygade om att DK är fake, när det att jag mötte honom är kanske nåt av det bästa som nångång har händt min personliga ekonomi.

So, to summarize: Daniel Kertcher may be a lot of things, but he sure as hell is not a scammer.

 

[prawn_86]

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

So what have you learnt that you couldnt have learnt for free, or for the cost of a few books?

 

[wayneL]

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

Well ofktrades. What you have done is confirmed what us "haters" have been saying all along. Thank you, what say sounds honest.

Will go deeper when I get home, on the phone right now.

 

[Pure Silk]

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

So what have you learnt that you couldnt have learnt for free, or for the cost of a few books?

It really is the concept of placing a "Value"on the information that you purchase which human nature dictates that if you had to pay for it, you would surely value it more.

In the case of DK's services, the monthly trade ideas posted on the members' Plus reports are invaluable to me. A team of Analysts have whittled down some nearly 6000 stocks (NYSE and NASDAQ) to a handful of 14 option trades with monthly yields of between 4.65% and 9.95% - based on the current Sept 2013 expiry. This service is used by DK devotees to produce a monthly income stream. The fact that you don't need to look for the trades yourself (and get bogged down with a serious case of Analysis Paralysis) - PRICELESS.

 

[Pure Silk]

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

Is he a scam? No, he's not. Does he exaggerate the simplicity of taking his teachings and becoming wealthy? Yeah, you could say that. Can you take his teachings, as a previously 100% inexperienced trader (my only "trading" experience prior to DK was the Auction House in World of Warcraft in my late teens), and - combined with some due diligence - seriously change your personal finances around? Ask me in about 2 years, but so far, it seems to be going well for me at least.

So, to summarize: Daniel Kertcher may be a lot of things, but he sure as hell is not a scammer.

Agree, I have been using DK's trading ideas for 2 years and only in the last 3 months have I seriously knuckled down to creating a reasonable income stream with a properly funded account. I am happy to post my results monthly for 2 reasons. Firstly to prove that there is some value and substance in the information we have paid for. Secondly, to create a challenge for myself to produce an average monthly return of 5% on my account balance and to have NO losing months.

 

[wayneL]

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

It really is the concept of placing a "Value"on the information that you purchase which human nature dictates that if you had to pay for it, you would surely value it more.

In the case of DK's services, the monthly trade ideas posted on the members' Plus reports are invaluable to me. A team of Analysts have whittled down some nearly 6000 stocks (NYSE and NASDAQ) to a handful of 14 option trades with monthly yields of between 4.65% and 9.95% - based on the current Sept 2013 expiry. This service is used by DK devotees to produce a monthly income stream. The fact that you don't need to look for the trades yourself (and get bogged down with a serious case of Analysis Paralysis) - PRICELESS.

BTW. It is easy to scan for high yield (ie high IV) opportunities. You don't need to pay a purported team of analysts.

But don't forget you are being paid to take on risk with high IV options. That steam roller can accelerate more like a muscle car than civil contracting equipment.

Also, my course is only $10k and I guarantee it will contain better info than DK will ever give.

Sorry no hype or BS however. Hurry, limited places available!!!!!!

 

[Pure Silk]

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

Also, my course is only $10k and I guarantee it will contain better info than DK will ever give.

Sorry no hype or BS however. Hurry, limited places available!!!!!!

Details or website? I'd like to check out the offer. Thanks.

 

[village idiot]

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

At the risk of putting my head above the parapet to be shot at for being an Alvin lover, IG giving a palpably erroneous price in favour of the client is not as implausible as is assumed.

A couple of years ago I noticed that on IG's prices for an XJO option series, the computer model that was driving the option prices didnt have the vertical skew loaded in properly or at all, ie each strike was priced using the same volatility input. This resulted in OTM puts being too cheap compared to real market prices. At some point in the curve, even crossing IG's spread and paying comsec's commissions, there was enough of a difference to arbitrage.

I started 'buying' the puts with a small order from IG , which to my surprise got filled, so I kept on going back for more tranches until they woke up and stopped filling me. I sold the equivalent puts on the real market at higher prices to lock in the profit, obv. IG did not make the corresponding buys on the real market, so there would have been no public record of my 'buys' either .

Obviously HFT do not monitor IG's prices.

If Alvin was trading with IG its not impossible he spotted a wrong price, got filled at it for a few contracts , and there would be no record of it.

none of this changes the fact he is generally full of ****e though

 

[ofktrades]

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

All right, I'm a bit late for work, and straight after work, I'll be leaving for overseas until mid next week, so I won't be able to reply to all of it, but I'll get started. I won't check this forum (or my facebook, email, etc) while in London over the weekend/beginning of next week, so please save your "haha, he just came, spewed some bull****, and left - I knew it, it was DK all along!" theories. Also, if you feel whatever replies I give now are not long enough, be specific as to what you want me to elaborate on when I get back, and I'll do my best.

Cheers!

So what have you learnt that you couldnt have learnt for free, or for the cost of a few books?

Well, I for one don't measure the value of what DK and his courses have taught me simply in the "amount" of knowledge that I gained, which - I'm aware - a lot of could have been gained elsewhere (ie. books).

First of, I was never interested in news, politics, business, finance, markets, etc, prior to going to his courses. I barely knew the name of my own Prime Minister in my home country, and that Obama was the "amazeface awesomesauce" POTUS. I knew that stocks were meant to be bought low and sold high. I knew there was such a thing as derivatives, but had no idea what they were, or how banks ("what, wait - actual people, myself included, can also make...") made money from these. After spending -1- weekend with Daniel, I currently have about 20 trading/finance/business specific news & blog sites that I've bookmarked over the years to acquire information, in addition to another 30 general newspapers (locally, from all over Europe, North- and South-America, Australia and Asia) that I like to browse through fairly regularly (no, I don't claim to -read- it all, but I browse through it all to see if I find anything relevant, which I then thoroughly read/watch).

Seeing as this is partly why I am more and more able to build on what DK taught me, I attribute this interest and attitude change in me to DKs charisma and infectious fascination for the markets, as I experienced it during courses.

Secondly, I gained value in terms of saving (a lot of!) time. Assuming I was interested in trading prior to DK (which I wasn't), I would've had to go through the painstakingly slow process of picking up any random trading book, read through it, probably learn a lot of good and bad stuff, but be unable to judge which were which. I'd then have to read another book. And another. And another. And another. And I'd still not be guaranteed to have covered all the basics on what the various instruments are, TA, FA, financial history - both in terms of actual historical events, and their impact on world markets (viewed in hindsight, obviously), but also how the various instruments came to be implemented, basic risk assessment and management, contrarian theories, the variety of strategies (without getting up in all the technical details that, while probably good to know, have been irrelevant to me so far in terms of being able to trade and make profits), analysing potential trades, monitoring said trades, knowing when to exit, etc, etc.

I'm not saying these things couldn't have been picked up in books, but it would've taken me a hell of a lot longer to start from scratch (as I did), figured out what information I need to know to actually start trading, fleece away the useless ****, and get going. Not to mention that, even with my current interest in trading and personal experience with it actually being possible to make money in the markets, a lot of the books I've read are just... so... damn(!)... boring, and I end up taking weeks to finish it, or simply putting it away for a different one.

So there's finding value in time saved to learn enough to at least get started, and still feel like you're not just shooting blind.

Thirdly, as Pure Silk mentioned, regardless of having a massive personal interest in learning "all there is to know" (which is my current mission, and I've barely gotten started, so no point in trying to catch me on making inaccurate technical statements, but please do correct me if I do), or simply being a Mom & Pop investor that wants to spend a maximum of 1 hour per month on doing these strategies, having a team of analysts regularly present you with 10-15 trade ideas, 3-6 webinars per month on how the market is doing, being available almost all the time if you have questions - be it about the platforms, the market, trade ideas, etc - and many more perks, is simply much more worth to me than the total cost of the courses alone. Am I able to locate my own trades? Yes. Do I enjoy having a list of alternative trades ready from DK's team all the time? You betcha!

Fourthly, and this one is a big one, and one you can't learn from books. IG Markets for Trading Pursuits clients allows us to open -1- account, and on that -1- account do the following. I'll use a fictional stock for simplicity in prices/premiums, but the same principle applies on live stocks/cfds and their prices.

Let's say I want to do an income trade on XYZ. XYZ is trading at $10. I want to write 10x 1 month CALL options on XYZ, let's say strike price 12. One this -1- account (not 2, as some have indicated they think is required) from IG Markets, I can sell 10x CALL 1 month options and collect my premium.

If I then want a Covered Call, and not a Naked Call, I can buy the underlying 1000 stocks through CFDs. Still on the same account. Now, if I wanted to buy 1000 stocks of XYZ, at $10, that'd be $10,000. I can't afford that, especially when the premium I just collected was *just*, let's say $250. But, with the CFDs, all I have to put up is $1,000.

So, what's happening now. I've got $10,000 worth of shares through CFDs on my account on XYZ. If they increase in value to $12 per share by expiry, I just made $2,000 in profit - on the CFDs alone. But did I only make the 20% they increased in stock value? No, since I only put down $1,000 for the CFDs to begin with, I made 200% on top of my original capital, leaving me with a total of $3,000 - including my own $1,000 - should I decide to close out the CFDs now. However, since they closed at $12, and the options were for strike price 12, the options expire and I keep my CFDs. I also made the $250 premium from my options contract, which - effectively, as I still keep my CFDs - pushes my entry price on the CFDs down to a lower entry price, aka $9.75 per stock of XYZ.

So what just happened? I just spent $1,000 to make $2,000 on the value of the CFDs, as well as an additional $250 from the premium of the options. The options expired without being exercised. I still have my CFDs. They can still rise in value. I can repeat the same options trade, selling another 10 contracts, with a higher strike price, for the upcoming month, and collect another premium - which will also push my original entry level / break even of the entire trade equivalent to the total premium collected / 1000 stocks.

You guys might say, "Oh, but what if it went to $13?". Well, I'd be forced to sell at $12. I'd still make $2,000 on top of my initial $1,000 (so, 200% on top of my original money). I'd keep the $250 premium. And whomever bought the CFDs of off me for $12, just pocketed the difference to $13.

If it did stop at $12, I'd simply write an additional 10 contracts on XYZ, strike price 14 (or whatever). Pocket another $250 premium, and now my entrylevel on the CFDs are effectively speaking $9.5. Meaning, the stocks currently at $12, can drop all the way down to $9.5 before I start losing money overall on the trade. If stock goes sideways this month, or even down to $11, or up to $12.5, I still keep the money on my premium, I'm still heavily in profit overall on the trade, and I still keep the CFDs the next month. I can write another set of options, pushing my original breakeven even further down. And further. And further. If I have a GSL in place on the CFDs, at or just above, my breakeven, this can carry on for quite some time.

So, again, no - you don't need to have 2 accounts to do this strategy. No, you can't do it on your broker. You can do it on IG Markets, on the stocks and options that Trading Pursuits are asking IG to open options on. I've heard rumours that other brokers are currently developing similar platforms to do the same thing, but so far that's all I've heard - rumours. It might happen, it might not. I'm sure as hell happy that I got to do these courses, as I realise the potential returns are far higher, for far less risk, than what trading usually tends to be.

However, because of the commissions and fees etc, you do need a sizeable account to begin with, otherwise the profits on the income trades are going to get eaten up. But that's a problem relating to the account size, not the strategy.

Well ofktrades. What you have done is confirmed what us "haters" have been saying all along. Thank you, what say sounds honest.

I'm not sure how my posts are simply confirming what the "haters" are saying all along, but if you'd care to clarify, I'll try to reply next week. Please keep in mind that I don't have the theoretical background you do on options, in its more traditional forms/usage areas, so I'd appreciate it if you could speak in layman's terms (where possible). I -am- a typical "Mom & Pop" investor at this point, so my theoretical knowledge of the underlying instruments -are- limited, but I'm working on changing that.

BTW. It is easy to scan for high yield (ie high IV) opportunities. You don't need to pay a purported team of analysts.

But don't forget you are being paid to take on risk with high IV options. That steam roller can accelerate more like a muscle car than civil contracting equipment.

If, by IV, you're referring to Implied Volatility, you should know that some of the capital gains strategies DK teaches (in his later courses) are focused on looking for stocks/currencies/etc whose IV is at - or close to - all time lows, and then simply buying long dated options on them.

This is not to say that you aren't correct about taking on high levels of risk when doing the income strategies, but I think you might be overestimating the amount of risk (while some of DK's clients might be underestimating it). It's risky, yeah, but considering how 8-9 out of 10 income trades that DK and his analysts put forth on a monthly basis end up with their clients pocketing a very nice income, I'd say they've been pretty apt at looking for good candidates.

If I totally misunderstood what you meant by IV, my apologies.


Anyway, I'm off to work. Late as ****! :-( And then off on holidays (not using money from the trading, but soon - very soon)... :-D

Looking forward to replying to whatever replies are there next week. I'll gladly ignore anyone who is being purposely condescending, arrogant, rude or worse. And no, that wouldn't be because I -can't- reply to your questions, it'd be because I -won't- reply to them.

Have a great weekend!

PS! If some of you still think we're full of **** about the possibility of doing the CFDs + options strategy on the same account, in more or less the terms I explained it, here's IG's phone #: 1800 601 799
If you've got enough balls to blatantly call us liars on here, you're more than welcome to call them up and ask whether or not clients of Trading Pursuits / Daniel Kertcher are, after attending his courses, able to do these strategies on their platform.

 

[wayneL]

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

Well ofktrades. What you have done is confirmed what us "haters" have been saying all along. Thank you, what say sounds honest.

Will go deeper when I get home, on the phone right now.

As promised:

If, after reading all the pages of this thread, I hadn't discovered that everyone that come on here to actually speak positive of Daniel Kertcher and his programs, are met with an unbelievable ****-storm of accusations, I think I'd be pretty excited about being a first-time poster here (oh, and if you think I'm DK or whatever, read the final paragraph). However, the level of paranoia on here is just staggering. The amusing part is that none of the hardcore haters have actually taken the time to attend a course, but are just spewing bile and "facts" based in their own bitterness of knowing all the technical facts, but - and I'm guessing - still failing to make substantial profits in the markets.

ASF exists for the sharing of ideas and information. It also must justify itself financially for its owner (and believe you me, Joe puts a lot of blood, sweat and tears.... and serious $$$$ into this site), hence the reason for the paid advertising you see here. Most of us understand that and consider it rude that spruikers come on here posing as clients, in order to get free advertising. We get positively irritated when the truth is misrepresented.

As far as "haters" not done the course and failing to make profits... ROFL. There are professional and full time retail traders here already living your dream, making a living from trading. Sorry, but Daniel's course is seriously beneath where most of us are at.

I'm 27 now, from Europe, and was invited to one of DKs seminars for free (as my mate had one to spare), about 3 years ago when I was in Australia to do my studies. With close to $100,000 in student loans at the time (that I still have), and an arts degree that I saw no hopes in making money from after my studies finished (and this is true, not making any money from my degree), I thought that a free ticket for a $3,000+ wealth creation seminar - regardless of how ****ty it might be - was worth my weekend. After having attended the first seminar, I've subsequently also attended his income+ course, as well as the Master course a while later.

My best advice to you is to look well beyond what DK teaches, seriously.

I found that using his income strategies are NOT a surefire way to get rich. You've got a shot to make some profits regardless of your account size, but unless you've got at least $20,000 (which I didn't have in my account to begin with), the income strategies are more likely to eat up most of your profits through the commissions etc, and when you incur the occasional losses on a position, it eats up even more of what little profits you've managed to scrounge up.

And this is what we've been saying all along. What you have said here is in direct contradiction of what DK's shills have been saying.

All trading, I don't care what form it takes, shares, futures, spreads, options short or long gamma, whatever will have wins, losses and be subject to contest risk and must have mathematical positive expectancy over the long term. Short gamma, low delta strategies such as ITM CCs have loooong winning streaks, then a small number of massive losses. Stop loss strategies skew the numbers around a bit, but doesn't necessarily substantively change expectancy.

There is no reason these strategies can't have a positive expectancy, but there must be some sort of an edge to achieve that.

However, after doing his Master's course, I turned my eyes more on the long-term contrarian strategies of looking for severely under/overvalued currencies/commodities/stocks/futures/etc, and either outright opening positions on them, or getting long dated options. This was about 1 year after doing his first course. Prior to changing my focus, my account had gone up from the initial $13,000 to a bit over $20,000 (using a mix of his income strategies, but also some capital gains trade ideas he had mentioned during the seminars themselves), but then I got a bit greedy on a 200x forex trade that I thought was a "sure thing" (this particular trade was one of my own ideas, and had nothing to do with DK), and my account dropped down to about $10k.

.

As above. Nothing wrong with that approach at all... but do you KNOW your expectancy %?

Do you even know the equation?

At that point, I transferred my money from IG Markets over to Spectrum Live, and started using more of the approach taught in the Master's seminars. Put shortly, this seminar focuses less on income strategies and more on long term capital gains strategies, primarily through the use of buying long dated options, or entering trades that are trading highly above or below their historical values (combined, of course, with looking at the fundamentals to see if it matches up with the contrarian value appraisal one eventually forms of said security).

In the 2 years since then, I have - in addition to staying up to date on the regular webinars on TP's website - done my utmost at learning as much as I can, from a variety of sources, on market psychology (mostly from a contrarian point of view, as this is the philosophy I've found agrees most with me), and am very happy with my results. I enter extremely few trades per year. I spend hours and days and weeks researching said trades.

If you have found the type of trading that suits your psychology, good, stick with it, bearing in mind the caveat(s) above.

I think day trading is the most idiotic concept out there.

It may not be for you, or even for most people, but you are profoundly wrong there.

Allow me to quote Ernie Chan, A quantitative institutional trader http://epchan.blogspot.com.au/2007/02/in-praise-of-day-trading.html

Which brings me to day-trading. In the popular press, day-trading has been given a bad-name. Everyone seems to think that those people who sit in sordid offices buying and selling stocks every minute and never holding over-night positions are no better than gamblers. And we all know how gamblers end up, right? Let me tell you a little secret: in my years working for hedge funds and prop-trading groups in investment banks, I have seen all kinds of trading strategies. In 100% of the cases, traders who have achieved spectacularly high Sharpe ratio (like 6 or higher), with minimal drawdown, are day-traders.

I don't have a need to trade frequently to feel that "I'm doing something". I utilize very little capital if I'm on a leveraged trade that requires margin, but tend to go a bit bigger on my positions when buying long dated options (mostly on forex pairs).

I've definitely made some money in the past 2 years. Am I wealthy? No, not yet. Am I going to pay down my $100,000 student loans any time soon, purely with proceeds from trading (which DK introduced me to)? Yes, most likely by the end of 2014 (could do it sooner, but then I wouldn't have much of an account left to keep building wealth). Did DK teach me the basics of how to trade the markets? Yes. Are all of his strategies fail proof? No. Can anyone do this? No, not really. You either need a big enough account to do his income strategies (which require little work) so that commission and the occasional big losses doesn't set you back too much; or a lot of time, hard work and dedication to sharpen the basics he teaches you, and then go out there and "do your own thing".

Great, you have your eyes open, you do see some of the truth. But forgive me for pointing out that you are still naive. Based on what you have written so far, I am confident a revelation/epiphany will come to you sooner or later and you will be able to see more.

Is he a scam? No, he's not. Does he exaggerate the simplicity of taking his teachings and becoming wealthy? Yeah, you could say that. Can you take his teachings, as a previously 100% inexperienced trader (my only "trading" experience prior to DK was the Auction House in World of Warcraft in my late teens), and - combined with some due diligence - seriously change your personal finances around? Ask me in about 2 years, but so far, it seems to be going well for me at least.

So, to summarize: Daniel Kertcher may be a lot of things, but he sure as hell is not a scammer.

I'm not going to land Joe in the legal poop by saying whether I think DK is a scammer or not, but I will say, and your post here confirms that, is that DK's claims via himself and his shills here are seriously misrepresentative of the results likely to be achieved by the vast majority of seminar attendees.

 

[wayneL]

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

Alvin talks of DITM trades.

ofktrades talks of WOTM trades (and doesn't cover the possibility of the stock going to $8.00)

???????

 

[wayneL]

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

PS! If some of you still think we're full of **** about the possibility of doing the CFDs + options strategy on the same account, in more or less the terms I explained it, here's IG's phone #: 1800 601 799
If you've got enough balls to blatantly call us liars on here, you're more than welcome to call them up and ask whether or not clients of Trading Pursuits / Daniel Kertcher are, after attending his courses, able to do these strategies on their platform.

When was this ever mentioned? Nobody questioned that IG offers CFDs on both stocks and options. The question is the price achieved.

BTW, most of us us IB, you can trade anything from the one platform, so IG has nothing unique.

On the point of respect, you haven't exactly shown a lot of respect yourself, calling experienced option traders well versed in option pricing theory as "haters". Try showing some, you might get some back.

 

[saroq]

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

Agree, I have been using DK's trading ideas for 2 years and only in the last 3 months have I seriously knuckled down to creating a reasonable income stream with a properly funded account. I am happy to post my results monthly for 2 reasons. Firstly to prove that there is some value and substance in the information we have paid for. Secondly, to create a challenge for myself to produce an average monthly return of 5% on my account balance and to have NO losing months.

Will these results be verified in some way or will they be the same as Alvin Purple's bald faced lies?

 

[Alvin Purple]

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

saroq, if you were trying to insult me, you have failed miserably just like countless others. For a start, your command of the English language is about as weak as your understanding of options trading. I doubt that you have the mental capacity to google it, so you had better ask a Fifth-Grader to do it for you and you will find that there is no such thing as "a bald faced lie".

Furthermore, I have already provided my broker's statement of the trade and since then several posters have come to the conclusion that with "dark pools" and unreported trades from certain broker's platforms, my trades were definitely possible.

The final proof will come next weekend when the options expire and I will end up either with a profit or a break-even situation.

But seriously, saroq, get some English lessons, for your ignorance of the English language really grates on me.

 

[Pure Silk]

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

Will these results be verified in some way or will they be the same as Alvin Purple's bald faced lies?

How do you suggest I have these results verified, never done anything like this before.

 

[wayneL]

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

saroq, if you were trying to insult me, you have failed miserably just like countless others. For a start, your command of the English language is about as weak as your understanding of options trading. I doubt that you have the mental capacity to google it, so you had better ask a Fifth-Grader to do it for you and you will find that there is no such thing as "a bald faced lie".

Well Alvin, you have shown yourself deficient in research once again. "Bald Faced Lie" is in fact common English idiom, dating back to the mid 19th century, notwithstanding variations thereof.

Furthermore, I have already provided my broker's statement of the trade and since then several posters have come to the conclusion that with "dark pools" and unreported trades from certain broker's platforms, my trades were definitely possible.

Laughable!

You haven't provided anything of the sort. Oh my that is hilarious if you think a purported copy and paste is proof... LMAO!

Let's see some real proof. It has been detailed how you can do this without endangering your privacy. Send a copy of your statements to Joe, they won't be shown to anyone. Several posters have done this here.

The final proof will come next weekend when the options expire and I will end up either with a profit or a break-even situation.

No, as per above there is no proof.

In any case:

1/ Any WTFITM will be profitable some great percentage of the time. One trade is no proof of long term profitability.
2/ If by some miracle, you did achieve that price on the WTFITM call, it is in no way typical or representative of what is achievable in the normal course of trading.
3/ You once again show a complete ignorance of option pricing reality, as we have discussed extensively on this thread, there is most certainly the possibility of loss, even with GSL, as our Scandinavian friend above confirmed.

But seriously, saroq, get some English lessons, for your ignorance of the English language really grates on me.

It appears it is you who are in requirement of some remedial counselling in both English and Option Theory.

 

[saroq]

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

saroq, if you were trying to insult me, you have failed miserably just like countless others. For a start, your command of the English language is about as weak as your understanding of options trading. I doubt that you have the mental capacity to google it, so you had better ask a Fifth-Grader to do it for you and you will find that there is no such thing as "a bald faced lie".

Furthermore, I have already provided my broker's statement of the trade and since then several posters have come to the conclusion that with "dark pools" and unreported trades from certain broker's platforms, my trades were definitely possible.

The final proof will come next weekend when the options expire and I will end up either with a profit or a break-even situation.

But seriously, saroq, get some English lessons, for your ignorance of the English language really grates on me.

I hit a nerve. I'd correct you and point out your mental deficiencies and that you have been shown to be a "bald faced liar" on this forum but others have done that for me. However, even without their assistance you are doing a sterling job of making a fool of yourself. Do you need to "Google" that phrase too?

 

[saroq]

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

How do you suggest I have these results verified, never done anything like this before.

A previous suggestions: http://profit.ly/ I know of the site but don't know if there is a cost involved.

Another method: Read wayneL's post, he has suggested to alvin purple a number of times how he could provide real proof of his trades. Unsurprisingly Alvin has never availed himself of that method or of any method for verifying his trades.

Note to Alvin: Are you able to follow what I'm saying Alvin or are the words I'm using too big for you?

 

[Pure Silk]

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

A previous suggestions: http://profit.ly/ I know of the site but don't know if there is a cost involved.

Another method: Read wayneL's post, he has suggested to alvin purple a number of times how he could provide real proof of his trades. Unsurprisingly Alvin has never availed himself of that method or of any method for verifying his trades.

Note to Alvin: Are you able to follow what I'm saying Alvin or are the words I'm using too big for you?

OK, I'll do it through Joe as wayneL suggests.

 

[Pure Silk]

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

OK, I'll do it through Joe as wayneL suggests.

Another month comes to an end today and a 3rd successive profitable month @ 4.78%. I intend to post my results starting with this financial year as there has been a consistency with capital employed and the $ values will have meaning (along with supporting statements sent separately to Joe of course). However, as someone has mentioned previously, 3 stellar months does not make a summer. I do not want to risk being on the receiving end of any negative comment and have decided to hold off until at least 6 months results are to hand OR there is a losing month. I am uncertain whether I will be taking the trading ideas for October expiry (16 trades so far suggested) as I am embarking tonight on a 3 week trip to Japan and Hong Kong. Not sure if I want to have any live trades whilst away on holidays.