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Daniel Kertcher/Trading Pursuits - Serious or Scam?

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

prawn_86 said:
He did say he emailed the IB statements to Joe, so we can wait for that verification
Click to expand...

The post shows he has emailed his statements from IG Markets, unless he has corrected it, subsequent to your post, from IB?
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I can confirm that I have received a number of broker statements from Pure Silk with his personal information removed. The statements are from IG Markets.

However, there are quite a lot of statements, and I have not yet checked them against the spreadsheets that have been posted in this thread.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Although I have not gone through and cross checked every single trade, as far as I can tell everything appears to be in order and the trades and profit/loss figures are genuine as claimed.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Pure Silk said:
It is definitely IG Markets - not IB , no corrections done to post.
Click to expand...

Joe Blow said:
I can confirm that I have received a number of broker statements from Pure Silk with his personal information removed. The statements are from IG Markets.

However, there are quite a lot of statements, and I have not yet checked them against the spreadsheets that have been posted in this thread.
Click to expand...

Joe Blow said:
Although I have not gone through and cross checked every single trade, as far as I can tell everything appears to be in order and the trades and profit/loss figures are genuine as claimed.
Click to expand...

Having made the effort to provide Joe with evidence in support of his stated trading results, I think Pure Silk has established his credibility and is entitled to our respect regardless of whether or not we agree with his strategy.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

nulla nulla said:
Having made the effort to provide Joe with evidence in support of his stated trading results, I think Pure Silk has established his credibility and is entitled to our respect regardless of whether or not we agree with his strategy.
Click to expand...

Agreed, absolutely.
Interested to hear PS response to WayneL.
All strategies should be battle tested and back tested for the severest of market conditions, including currency risk which is not spoken about enough, if at all.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Samuel said:
Agreed, absolutely.
Interested to hear PS response to WayneL.
All strategies should be battle tested and back tested for the severest of market conditions, including currency risk which is not spoken about enough, if at all.
Click to expand...

Personaly I don't have much faith in backtesting when it comes to trading schemes in regard equities. The problem with back testing equities is the presumption that a prospective trader would have been able to execute a buy or sell transaction at the desired price on the day without consideration for the number of transactions and/or the volume of trades that took place at the desired entry/exit point.

Backtesting always assumes you were able to buy at the target purchase price or sell at the desired sale price. The reality is often somewhat different. The reality of trading equities often depends on your place in the queue and whether there are enough sellers to fill your order selling down to where you are waiting or buyers buying up to where you are positioned to sell.

At times you can be at the front of a queue at any price point that is being hit, only to see other orders in the queue behind you being filled due to cross trades within the broking house. Often the share price will move leaving you hanging out with an incomplete purchase/sale or no purchase/sale at all despite being well placed in the queue.

Then again this post is possibly irrelevent as earlier posts were not related to trading equities. :)
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

wayneL said:
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.
Click to expand...

Thanks wayneL.
Appreciate the comments and concern.
Re my exposure, I understand the risks, each of the trades have been selected by TP based on a number of criteria, inter alia, no earnings/announcements, generous buffers to strike, strikes selected outside established support and resistance and most importantly a wide range of diversification across many sectors - the usual criteria most good punters would utilize to provide some degree of safety. Given this, it is reasonable to expect that collateral damage would be minimal in the event of any "market swoons". However, if a back swan event should be encountered, and they are usually of the southern heading variety, I expect my protective long PUT option will save the day, if not at least a little bit of the furniture. This game is not without its risks. The loosing trade in October that you allude to should have been cut short days earlier when my "robust" risk management tool kicked in, but I contracted a bad case of "rabbits caught in the headlights" and waited for TP to act. Never again.

I have taken more trades for December expiry (14) and would be looking tonight to buy some PUT insurance when the market opens.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

nulla nulla said:
Having made the effort to provide Joe with evidence in support of his stated trading results, I think Pure Silk has established his credibility and is entitled to our respect regardless of whether or not we agree with his strategy.
Click to expand...

Thanks nulla nulla, I'll try not to make a fool of myself in the company of gentlemen.

- - - Updated - - -

Joe Blow said:
Although I have not gone through and cross checked every single trade, as far as I can tell everything appears to be in order and the trades and profit/loss figures are genuine as claimed.
Click to expand...

Thanks Joe for taking the trouble to do this.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Sooner or later Pure Silk's results will be confirmed.

I can state right now that an average return of 3.36 % per month for the last 5 months has been achieved by people who have followed TP's recommendations.

Now, 3.36 % per month (40.3 % p.a.) is not "picking up pennies". It is, in fact, a very respectable return. Much better than you get from any of the retail mutual funds and investment companies.

As I have stated before, my long-term average (over more than 3 years) has been 2.5 % per month (30 % p.a.), not quite as good as 40.3 % p.a., but providing me with a steady cashflow and now, since I am making more profits in a month than I need for my lifestyle, I can allow the excess to compound. If I let all my profits compound every month, my capital would double in 2.4 years (2 years and 5 months). I don't know of any other investment that would double in value every 2.4 years.

So, when Pure Silk's figures are finally confirmed, we can all agree that Daniel Kertcher is not a scam, can't we?

Of course, you won't.

Because you have an agenda and that is to discredit Daniel for whatever petty reasons you may have.

But it has backfired on you BIG TIME.

I don't often agree with Garpal Gumnut, but he is 100 % correct when he says that this thread has ensured that Daniel Kertcher's name will remain on page one of Google for a long time.

Well done, folks.

You have achieved the exact opposite of what you set out to do.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin Purple said:
As I have stated before, my long-term average (over more than 3 years) has been 2.5 % per month (30 % p.a.), not quite as good as 40.3 % p.a., but providing me with a steady cashflow and now, since I am making more profits in a month than I need for my lifestyle, I can allow the excess to compound. If I let all my profits compound every month, my capital would double in 2.4 years (2 years and 5 months). I don't know of any other investment that would double in value every 2.4 years.

So, when Pure Silk's figures are finally confirmed, we can all agree that Daniel Kertcher is not a scam, can't we?
Click to expand...

No one here has said the strategy doesn't work it just will blow up when market conditions change.

It is just paying massive amounts for something you can learn for free (ie his course), and having to take on huge leverage is extremely risky, and selling it as though it is easy money is hugely mis-leading
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Well, burglar, what did I achieve? I did not have to achieve anything because I did not have an agenda when I came to this forum in January.

I still have no agenda. However, I have learnt a lot in the last year.

I am therefore grateful to the person who told me about this forum. What I have learnt here has improved my trading performance. My average monthly profit has increased markedly and I am now getting results which are more like Pure Silk's which should not be a surprise to anyone since we are both utilizing Daniel Kertcher's recommendations.

2013 has been my best year so far, and I am looking forward to 2014 with great confidence and I have the feeling that next year will be even better than 2013 has been.

May I wish you all profitable trading.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

LOL Alvin,

Observe Pure Silk for clues for appropriate behaviour.

Until you do the same (ie stump up some broker statments), you have no credibility. All fluff and comedy (in the Greek tragedy sense).

Amusing for us, but essentially all BS.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Samuel, I have been trading with real money for about three and a half years now.

For 2014 I expect a return north of 30 % p.a.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin Purple said:
Samuel, I have been trading with real money for about three and a half years now.

For 2014 I expect a return north of 30 % p.a.
Click to expand...

I've been trading with real money too! (Not that phony demo account stuff - no siirrreee!)

For 2014 I am anticipating returns in excess of 200% p.a.

I'll be providing broker statements just like you do Alvin!
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin Purple said:
Well, burglar, what did I achieve? I did not have to achieve anything because I did not have an agenda when I came to this forum in January.

I still have no agenda. However, I have learnt a lot in the last year.

I am therefore grateful to the person who told me about this forum. What I have learnt here has improved my trading performance. My average monthly profit has increased markedly and I am now getting results which are more like Pure Silk's which should not be a surprise to anyone since we are both utilizing Daniel Kertcher's recommendations.

2013 has been my best year so far, and I am looking forward to 2014 with great confidence and I have the feeling that next year will be even better than 2013 has been.

May I wish you all profitable trading.
Click to expand...

everyone is aware that this thread has been number 1 on Google searches for Daniel Kertcher without success from SEO options (http://www.camthecameraman.com/view-by-tag/daniel+kertcher/):banghead:

from the time Kertcher (on Page 6 of this thread on January 30 2012) defends his role in the Platinum Pursuits Growth Fund through til 'Alvin's' first post on January 16 2013 there were only 10 posts.
since he posted, there have been 470 posts over 24 pages in a mammoth thread.:eek:

now it wouldn't look good if the previous Platinum Pursuits Growth Plus Hedge fund results were appearing number 1 on google during the approx. time the new Daniel Kertcher Spectrum Live Capital Management fund was to be released...would it. his next courses start again in march 2014 so maybe you will appear again soon :xyxthumbs

what a colorful history and this is only some of it :cry:

Multi-Millionaire Under Attack (Source: Jenman.com.au)
http://www.jenman.com.au/news_item.php?id=153
“In a 2001 headline which screamed Watch out for these people, the Consumers' Institute featured a photo of Kertcher together with a story about how he ripped-off an elderly man on one of his many dodgy Gold Coast apartment deals. In this example, the 69 year-old lost $86,000.”

Meta Share Feedback (Source: New Zealand Herald):
http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=1843340
“Where things went wrong for a while was when a mother and son bought 50 per cent and Bruce Barnard left. They went for high-pressure marketing. Then Metashare went to Australia”

Re: Rich Mastery (Source: Share Chat):
http://www.sharechat.co.nz/archives/2001/11/msg00176.shtml

Big Spending Buybacks Raises Questions (Source: New Zealand Herald):
http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=228205
“Get Rich Quick Schemes The Consumers Institute does an excellent job informing the public about dubious investment schemes. Queensland-based Daniel Kertcher, who is trying to target New Zealand sharemarket investors, has been mentioned several times.”

Forum Archive Index -2002 (Source: Share Chat NZ)
http://www.sharechat.co.nz/archives/2002/07/msg00195.shtml

Consumers Institute of New Zealand -2003 Annual Report (Source: Consumers’ Institute of New Zealand)
http://www.consumer.org.nz/content/uploads/Image/PDFs/annualreport2003.pdf
‘Scams: Daniel Kertcher trading options’ (Page 5 of report)

Get rich advert fails truth test (Source: Advertising Standards Authority)
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=3551109

ABC – 7:30 Report ‘Wealth Seminar Spruikers back selling schemes’ (Source: ABC)
http://www.abc.net.au/7.30/content/2004/s1048152.htm

ASF: Re: Storm Financial Group (Source: Aussie Stock Forums) POST#6756
http://www.aussiestockforums.com/forums/showthread.php?t=13176&page=338
“My wife and I lost over alot in this - over $150,000, almost our entire investment, in this after the fund was promoted by Daniel on stage in Perth in 2007. I have heard from other who lost much more, some $100's of k's. As Michael says above, the fund was a very average and spent most of the time losing money. Then we received an e-mail from Daniel saying that a crowd called Mastering Wealth, who we had never heard of, were taking over and that they would use all the same types of strategies Platinum Pursuits teaches. Although Daniel offered a redemption request after the Platinum Pursuits Growth Plus hedge Fund returned 0%, he said he was proud to be involved, would continue to refer his clients to it, and outlined expected profits in the order of 25%+. Based on that, and taking notice of wealth creation experts, we stayed in. That was a big mistake. Daniels fund made no money but Mastering Wealth lost 95% of our money. Like Daniel, Mastering Wealth was also running wealth creation seminars in shares and options and charging fees of $1000's for a weekend to learn to create wealth. We are now very disillusioned with wealth creation seminars that claim to make money in up markets, and down, sideways markets and we have wasted alot of time and alot of money. And as Michael says, protect capital. it has taken us a while to get ove this. I have since found out that the guy heading up Mastering Wealth, Bill Ryan, was formally an AUD/NZ manager for Daniel Kertcher and Platinum Pursuits.”

when people lose a lot of money, they don't forget quickly
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

no prizes for guessing the company that owns these domain names

www.danielkertcherscam.com
www.platinum-pursuits-scam.com
www.trading-pursuits-scam.com
www.tradingpursuitsscam.com
www.platinumpursuitsscam.com
www.platinumpursuitsscam.net/

yep 'Platinum Pursuits Group' along with 'about 218 other domains' !!!!!!!!!!!!!!!:xyxthumbs
http://whois.domaintools.com/trading-pursuits-scam.com

shows the lengths these people go to..paranoia, stringent brand management or ?
 

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