Daniel Kertcher/Trading Pursuits - Serious or Scam?

[Alvin Purple]

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

That is correct.

However, I did not get stopped out on Wednesday morning, but I got stopped out this morning just after the market opened. This stopout resulted in another $2.10 of profit. The price then formed a double bottom (a bullish signal) and soon after began to rise. So I bought back in at $518.00, set the S/L at $516.00 and went to bed.

When I got up in the morning I saw the price had risen to $520.63. I moved the S/L to $519.00 but I won't be watching the opening in 4 hours as I will be fast asleep. I'll check the price again in the morning (Friday morning) but it matters little. If I get stopped out again, I'll make another $1.00 profit. If I don't get stopped out and the price rises to, say, $529.00 by Saturday morning, I'll make another $11.00 profit as well as keeping the $1.90 option premium as the calls will expire worthless.

Again, I am talking about future events, not the past. There is no need to talk about the past as we all can see by simply looking at the charts.

 

[prawn_86]

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

However, I did not get stopped out on Wednesday morning, but I got stopped out this morning just after the market opened. This stopout resulted in another $2.10 of profit. The price then formed a double bottom (a bullish signal) and soon after began to rise. So I bought back in at $518.00, set the S/L at $516.00 and went to bed.

Care to provide broker statements just for this order so we can see you are not hindsight trading?

 

[wayneL]

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

That is correct.

However, I did not get stopped out on Wednesday morning, but I got stopped out this morning just after the market opened. This stopout resulted in another $2.10 of profit. The price then formed a double bottom (a bullish signal) and soon after began to rise. So I bought back in at $518.00, set the S/L at $516.00 and went to bed.

When I got up in the morning I saw the price had risen to $520.63. I moved the S/L to $519.00 but I won't be watching the opening in 4 hours as I will be fast asleep. I'll check the price again in the morning (Friday morning) but it matters little. If I get stopped out again, I'll make another $1.00 profit. If I don't get stopped out and the price rises to, say, $529.00 by Saturday morning, I'll make another $11.00 profit as well as keeping the $1.90 option premium as the calls will expire worthless.

Again, I am talking about future events, not the past. There is no need to talk about the past as we all can see by simply looking at the charts.

There is nothing about the future in the statements in red. You have posted them well after the fact breaking the rules for live trade recording.

Just more hindsight trading Alvin. Anybody can do this.

Also, this has very little to do with the DITM buy/writes described earlier.

 

[Alvin Purple]

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

Good Morning, Guys and Girls!

I haven't done anything to my position since the last time I posted.

However, in the next minute or so I will move the S/L to $527.00. I haven't done it yet, but I will do so soon. That is future tense, not past tense, just in case you are tempted to call it a "hindsight" trade.

According to wayneL, all this has nothing to do with call writing.

Whatever!

It may not be call writing in the classical sense, but then again, I was never one much for doing things the conventional way.

However, it has a lot to do with making money, and heaps of it. And that is all that matters to me. It is legal and it is fun.

However, I am not out of the woods yet. There could be a "Black Swan" Event before 8.00 a.m. tomorrow morning and I could blow up my whole account. Right?

Somehow I think this won't happen. But I won't count my chickens before they are hatched.

I am sure tomorrow, after the market has closed and all the options have expired, you guys will tell me all the things I have done wrong, while I'll be counting my profits. I think that's fair.

Sorry, I can't provide you with charts about future events, but you and I can all watch it "live" on any of the data services. Bloomberg is probably the most accurate.

But now I must rush off to move my S/L to $527.00 (a future event) and then I must be off to the gym for my morning workout. Gotta keep my body active and healthy, too. Healthy body, healthy mind, and all that.

Talk to you soon.

 

[Alvin Purple]

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

Yep, I got stopped out. At least I made a decent profit on the CFDs. The calls will expire at 8.00 a.m. this morning. If the price stays below $530.00 I will get the full premium ($1.90), if the price goes to $531.90 I'll break even, and if the price goes above $531.90 I'll make a small loss, which, however will be fully covered by the profit I have already made on the CFDs.

Good Night All.

 

[prawn_86]

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

Yep, I got stopped out. At least I made a decent profit on the CFDs. The calls will expire at 8.00 a.m. this morning. If the price stays below $530.00 I will get the full premium ($1.90), if the price goes to $531.90 I'll break even, and if the price goes above $531.90 I'll make a small loss, which, however will be fully covered by the profit I have already made on the CFDs.

Good Night All.

Care to show actual broker statements for this latest trade?

 

[wayneL]

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

According to wayneL, all this has nothing to do with call writing.

We all know you are loose with the truth, but please to not use an outright lie in misrepresenting what I said.

I said "this has very little to do with the DITM buy/writes described earlier"

 

[Alvin Purple]

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

I said "this has very little to do with the DITM buy/writes described earlier"

That is correct, wayneL. It has little to do with anything you say or do.

However, I am very happy doing it, as it happens to make me a lot of money. Isn' that what it is all about?

I would have thought so.

Looks like AAPL is going to finish well below $530.00 in the next 15 minutes, and I am off on a three day holiday.

Bye All.

 

[wayneL]

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

That's true Daniel/Alvin. The reason being that I continue to be on topic, viz DITM buy writes, while you have transmogrified into an imaginary short term swing/day trader, which is not duplicable for the gullible folk that go to your seminars.

 

[minwa]

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

Care to show actual broker statements for this latest trade?

Just like Daniel's managed fund, SLCM or something, no results are shown, only talked about on the internet. I have emailed them few days ago asking for any performance record and have not received a response. I guess they don't list their returns on the website like other funds because they are probably negative which is why they ignoring people who demand real performance.

 

[burglar]

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

... Bye All.

You will be back. Why ... because you are getting what you want.






I wish I knew what that is?

 

[Garpal Gumnut]

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

You will be back. Why ... because you are getting what you want.






I wish I knew what that is?

Google hits

gg

 

[burglar]

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

Google hits

gg

So we are helping, then?!

 

[Garpal Gumnut]

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

So we are helping, then?!

Yes, you are, less is more in relation to this insanity.

gg

 

[excellent]

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

Just like Daniel's managed fund, SLCM or something, no results are shown, only talked about on the internet. I have emailed them few days ago asking for any performance record and have not received a response. I guess they don't list their returns on the website like other funds because they are probably negative which is why they ignoring people who demand real performance.

Minwa, to be eligible to invest in the SLCM fund you need to complete either or both of the corresponding Trading Pursuits courses lmao. So maybe they didn't get back to you because after checking you hadn't fulfilled the requirements to be one of the 'graduates' lucky enough to have the opportunity to invest in the fund? lol

 

[saroq]

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

Minwa, to be eligible to invest in the SLCM fund you need to complete either or both of the corresponding Trading Pursuits courses lmao. So maybe they didn't get back to you because after checking you hadn't fulfilled the requirements to be one of the 'graduates' lucky enough to have the opportunity to invest in the fund? lol

Oh dear another Daniel incarnation making claims of outstanding returns that could easily be proven but unsurprisingly offering no such proof of those returns or performance.

 

[excellent]

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

Oh dear another Daniel incarnation making claims of outstanding returns that could easily be proven but unsurprisingly offering no such proof of those returns or performance.

definitely not. a fund that charges ard 3,000$ to gain access to invest in it (through course enrollment) with less than a year's history an base on what happened to the previous Kertcher affiliated fund (Platinum Pursuits Growth Plus Hedge Fund) I for 1 will be staying well clear

 

[Pure Silk]

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

It may not be call writing in the classical sense, but then again, I was never one much for doing things the conventional way.

Clearly, running with Alvin on this issue will not answer the purpose of this thread. By his own admission we know that Alvin's Trades deviate markedly (?) from the Trading Pursuits (TP) Income Report trade ideas. It would be fair to say that his results are not what you would obtain if you followed TP Monthly Trade ideas strictly. Looking at Alvin's trades, a lay person would get a completely wrong idea about the nature of the trades that TP suggests for members. Alvin is a Discretionary Trader, he has stated that he was influenced by the TP course/s that he had attended and that's all good. He now trades his own unique style modified somewhat from his original TP knowledge. It works for him. If what Alvin portrays in his posts is accurate, then he has been " IN THE ZONE" with a purple patch for over 3 years, good luck to him and may the Trading Gods continue to be with him. And by the way WayneL, Alvin could not possibly be Daniel Kertcher in disguise, from my observations, Daniel is too polished an individual to engage in this level of subterfuge.

On the flip side however, there are I believe, a majority of others like myself who have attended the TP course and have been trading US options strictly off the Trade ideas provided monthly and weekly from TP. We don't go searching for our own trades and are quite happy for TP to provide a list of filtered ideas to choose from (priceless). It's time we came forward.

As for me, I have been using TP since Nov 2010 albeit in a patchy manner for the first 30 months, but it was only in June 2013 after having been convinced of its viability (my opinion again) and armed with steely determination, did I finally decide to adequately fund my account and take every trade idea from TP. I have coupled this with my own robust risk management tool for exiting losing positions which is slightly more conservative than what TP uses. By the way, I agree with WayneL; a covered Call with GSL is not without risk of loss. In fact the DITM buy/writes are no longer a feature of TP's trade ideas in their Income report, I don't trades these at all, because firstly, they were relatively cumbersome to execute and manage, secondly TP has not provided enough of them to make it viable (averaging less than 1 covered call per month now eg. none for this December), and lastly, in my opinion, they were no less riskier than the naked variety in certain circumstances(stressed). I concentrate only on TP's 2nd course - the Income PLUS trade ideas, purely for the Income Generation it offers through short PUTs and short CALLs.

What about my results so far? I undertook to post my results on this thread after 6 months of trades, or, if there was a losing month. It has been 5 months and there was a losing month in October. I have been aiming for an average 5% return per month on my entire account balance (as opposed to return on margin employed ). Suffice to say, I have not achieved this. I've averaged just 3.36% per month over 5 months so far because of that 1 losing month and also because volatility was low, consequently premium. However my 4 winning months have averaged 4.69% per month. I fully agree that the 5 months results are woefully inadequate to confirm the long term viability of my activity, however I believe that provided I continue to rigorously apply my exit plan (when needed) I will avoid the proverbial Steam roller and continue to pick up my pennies on the way.

As for "Black Swan" events, well that's another thing all together. Any Market participant can be affected by one of these either negatively or positively. I currently do not have any insurance against the negative effects of this but am seriously considering incorporating a permanent long/short term PUT option on the SPY ETF as part of my Trading Plan in future - my equivalent of the GSL, it will no doubt affect returns. Any advice on this is appreciated. Bottom line for me - do the course/s, become part of the TP family, capitalise on the filtered trade ideas, take the trades and hopefully achieve the desired results for the long term. This has been my personal experience with TP, I am not "shilling", "sockpuppeting" or "Danieling" here, so please don't have a go at me.

So here it is, my complete results for the past 5 months, all trades ideas from TP, every winner and every loser, laid bare for judgement as to whether or not a Scam has been perpetrated on us. I don't think so. The Learned ones here have always insisted on proof so I have sent Joe my Original Trading statements (36 in total) from IG Markets that support these results..... It has been a massive effort on my part to do this. I feel quite exposed. However, I am happy to now continue to post monthly results in this format.

Would love to hear from others who are actively trading US options using Daniel Kertcher's TP trade ideas, whether successfully or otherwise (on this thread or you can PM me).

 

[wayneL]

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

Pure Silk

Thanks for the effort to show your results. Though impossible for us to verify, I believe it has reflected your real trading... pretty much what I would have expected in the market conditions for the period.

As I have said all along, there is nothing wrong with the strategy per se. It is what it is with risks and rewards and no reason it cannot be profitable.

You are right to be concerned by a black swan event however... not even a black swan as you are very highly leveraged. Most of the trades I looked at had a face value higher than your entire account size. With several such trades open at the same time, you have massive exposure.... massive portfolio heat.

You had a losing month October in a benign market. Your biggest loss was with a relatively minor swoon against you. Imagine if several moved against you like that at the same time in just a minor market wide swoon.

This is not to bag you, it is out of concern having witnessed others experiences.

Thanks again PS it verifies much of what we have been saying.

 

[prawn_86]

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

Though impossible for us to verify, I believe it has reflected your real trading... pretty much what I would have expected in the market conditions for the period.

He did say he emailed the IB statements to Joe, so we can wait for that verification