Daniel Kertcher/Trading Pursuits - Serious or Scam?

[prawn_86]

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

I said that I was making money with the knowledge I gained from Daniel's course, which cost me $3,200 and has been returned to me more than one hundred fold.

Care to actually prove this statement? Any mod will be more than happy to verify your broker statements

 

[saroq]

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

Care to actually prove this statement? Any mod will be more than happy to verify your broker statements

Ah ... and there's the rub Alvin.

http://idioms.thefreedictionary.com/There's+the+rub

I've supplied the link to the meaning of the idiom for you Alvin. I know that they can be a challenge for you to understand. Should I have included a definition of "idiom" for you too?

 

[wayneL]

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

What is there to grasp?

I said that I was making money with the knowledge I gained from Daniel's course, which cost me $3,200 and has been returned to me more than one hundred fold. And now that I have read all the books you recommended and gained a better understanding of options trading, I make even more money.

WTF is wrong with that?

You stated categorically that the only two results with Kertchers DITMCC was profit or break even.

If you have read the books suggested you should now realize this is absurd.... a totally ridiculous claim.

 

[nulla nulla]

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

Four years ago I didn't even know what options were. It happened to be Daniel Kertcher (but it could have been any of the other stock market educators) who got me interested in options trading. I doubt very much that simply reading a few books would have put me on the path to successful trading. The main benefit of the three day live course is that you can ask questions along the way. You cannot ask questions from a book. As I said, the course cost of $3,200 has been returned to me more than one hundred fold and the $150 cost of the books was also a good investment as it has increased my profitability.

Reading only the books without the guidance of a live mentor would not nearly have been as successful.

Hmmmm...How many mentors do you need Al? I seem to remember you also spruked the Louise Bedford $15,000.00 course.

 

[Garpal Gumnut]

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

This thread has achieved what it set out to, a free advertising medium for Daniel Kertcher.

The proponents and antagonists will never illuminate those on the sidelines.

My worry is that it is appearing high on a google search for Kertcher and may suck more people in to his method.

I reckon it should be closed down.

Forthwith.

gg

 

[wombat40]

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

Your a party pooper Garp!

 

[wayneL]

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

GG these spuikers will always be able to reel in gullible fools.... always.

Anyone with half a brain will stay well away after reading this thread.

Starfish on the beach bud

 

[Alvin Purple]

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

Hmmmm...How many mentors do you need Al? I seem to remember you also spruked the Louise Bedford $15,000.00 course.

nulla nulla (btw what an apt name), would you care to show me on this forum or anywhere else where I spruiked any of Louise Bedford's courses? Get your facts straight before you make these wild accusations.

 

[Alvin Purple]

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

Ah ... and there's the rub Alvin.

http://idioms.thefreedictionary.com/There's+the+rub

I've supplied the link to the meaning of the idiom for you Alvin. I know that they can be a challenge for you to understand. Should I have included a definition of "idiom" for you too?

Tell me something I didn't know.

 

[Alvin Purple]

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

Care to actually prove this statement? Any mod will be more than happy to verify your broker statements

Prawn_86, care to check my earlier posts?

I have shown some of my broker's statements on this forum, only to be told that nobody believed them.

I have gone through some of my trades from start to finish and when they turned out to be successful I was told this was a "one-off fluke".

So, I have been there, done that.

You see, whether I am believed or not does not make the slightest difference to me.

My family and friends whom I have been able to assist financially, the charities I am now able to support and my bank manager never ask to see my broker's statements. But they all believe without question that writing covered calls can be a very profitable activity.

How does this show up in practice?

Years ago when I needed to buy something, I would always buy on price. In an expensive restaurant I would always check he price on the menu first and then order the cheapest dish.

Today, when I need to buy something, I simply buy it and look at the price only after I have decided to buy.

In a restaurant I read the menu from the left, then order what we want, and look at the price last.

That is the difference successful trading has made to my life.

 

[nulla nulla]

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

nulla nulla (btw what an apt name), would you care to show me on this forum or anywhere else where I spruiked any of Louise Bedford's courses? Get your facts straight before you make these wild accusations.

I stand corrected. You didn't sprook her course but in fact used the Louise Bedford thread to sprook your $3,000 investment in a course where your mentor provides their trades in advance, presumably in the Daniel Kertcher course, which was never verified.

 

[wayneL]

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

Prawn_86, care to check my earlier posts?

I have shown some of my broker's statements on this forum, only to be told that nobody believed them.

I have gone through some of my trades from start to finish and when they turned out to be successful I was told this was a "one-off fluke".

So, I have been there, done that.

We have covered that in depth already and detailed your lack of credibility on this point.

Now would you care to deal with the point I have raised, re profit or breakeven. If you had learned anything at all from the books I would expect a complete retraction and apology, to salvage any sort of credibility at all.

 

[wayneL]

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

OK in the absence of Alvin 'fessing up to his earlier absurdity, let's look logically at this, even without even mentioning a Greek... but maybe just a little put-call parity

We know that the trades involved are WTFITM covered calls, (using CFDs and option CFDs, which is inconsequential apart from some differences in contest risk).

We also know, via the put-call parity equation that this is synthetically equivalent to the corresponding WTFOTM naked short put.

Alvin claims that such trades, via GSL at the short call strike will either profit or break even :nuts: Let's say the stock is at 60.50 with the call written at $50.

This is equivalent to saying that a short $50 naked put can never lose money if you have a stop loss (guaranteed or not) at the strike. This is face-palmingly ludicrous.

Ok Let's think about this. What if we tighten up the WTFITM strike a notch to $51.

How about $52?

$53?

$54, $55, $56, $57, $58, $59?

How about a $60 strike?

At what point, in Alvins's parallel universe, is a loss possible?

 

[cynic]

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

...
At what point, in Alvins's parallel universe, is a loss possible?

I'd love some feedback from anyone whom traded that strategy on the US market during the month of May 2010.

Unfortunately I may need the assistance of a ouija board in order to do so, as those traders are unlikely to still be with us.

 

[saroq]

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

Tell me something I didn't know.

Hmmm tell Alvin something he doesn't know hmmm ... You don't know how to take screen shot of your trading statements to verify your claims.

 

[wayneL]

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

Unfortunately I may need the assistance of a ouija board in order to do so, as those traders are unlikely to still be with us.

'zackley

 

[skyQuake]

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

For those of you who keep saying that Daniel should run a Fund for people who don't want to trade themselves if his recommendations are as good as he says. Well, I have news for you. Daniel has done exactly that. He started that Fund six months ago, has received subscriptions of more than $22 million and his returns in those six months are roughly double what you can get from other Mutual Funds in Australia. No, he doesn't show his broker statements but his results are audited by ASIC which is good enough for me. I know that some of you don't think much of ASIC, but I'm afraid that ASIC is the best this government can offer to protect its citizens. I am fully aware that ASIC is underfunded but they are doing the best they can with limited resources. They do, however, audit all Funds that hold an Australian Financial Services Licence (AFSL), so at least we are comparing apples with apples.

Whats the name of that fund and where are its results?

 

[Garpal Gumnut]

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

Whats the name of that fund and where are its results?

For those of you who keep saying that Daniel should run a Fund for people who don't want to trade themselves if his recommendations are as good as he says. Well, I have news for you. Daniel has done exactly that. He started that Fund six months ago, has received subscriptions of more than $22 million and his returns in those six months are roughly double what you can get from other Mutual Funds in Australia. No, he doesn't show his broker statements but his results are audited by ASIC which is good enough for me. I know that some of you don't think much of ASIC, but I'm afraid that ASIC is the best this government can offer to protect its citizens. I am fully aware that ASIC is underfunded but they are doing the best they can with limited resources. They do, however, audit all Funds that hold an Australian Financial Services Licence (AFSL), so at least we are comparing apples with apples.

Jayzoo, If ASIC are monitoring it I wouldn't touch it with a barge pole.

gg

 

[Alvin Purple]

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

OK, wayneL, as it says in Dr. Faustus: "Gray, my friend, is all theory."

I really can't be bothered with theoretical examples where you don't even give the premium.

I much rather stick to practical examples like this one. Only this morning I put on a trade which shows the benefit of delayed options writing.

This morning, just after the market opened I bought 10,000 CFDs of TSLA at $165.25. This was based on intelligence received from my American friends that TSLA would come out with an excellent earnings report tomorrow. Later on this morning, just before the market closed at 8.00 a.m TSLA had risen to $175.00 and I sold 100 call option contacts, strike price $180.00, premium $8.00, expiry Nov 8, 2013.

I set the S/L at $172.00.

Now this is a real, live example and the trade won't conclude (unless I get stopped out) until market close on November 8, which will be 8.00 a.m. Saturday, November 9 here in Australia.

The figures I mentioned can be checked with any data service so the trade is fully transparent.

I am very happy with this trade, but I don't know how much I will make until Saturday, but it won't be a long wait. I think I am safe in saying that I won't lose any money.

However you guys will probably find a way and a circumstance where I can still lose money. But that's OK. It doesn't worry me one bit, because I know that I cannot lose money on this trade.

 

[Alvin Purple]

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

Whats the name of that fund and where are its results?

Hi skyQuake,

the name of the fund is Spectrum Live Capital Management. In the first three months (for which complete figures are available) the unit price increased by 4.7 % which equates to an annual rate of 18.8 % p.a.