Daniel Kertcher/Trading Pursuits - Serious or Scam?

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

Only yesterday I checked the ASIC website for any news about Daniel Kertcher. There was nothing, either good or bad. His Australian Financial Services Licence has not been revoked and no complaints about him or his company have been recorded.

Latest figures for the Spectrum Live Capital Management Fund have just been released. In the first six months of its existence it has attracted approximately $23 million from investors and the return for the first six months has been running at the rate of approximately 15 % p.a.

These are the facts. Can you handle them? Probably not. No matter, though, just because some of you cannot handle the truth, it doesn't alter the fact that thousands of people have placed their trust in Daniel and are, apparently, quite happy with the return on their investments.

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

Alvin Purple said:

Only yesterday I checked the ASIC website for any news about Daniel Kertcher. There was nothing, either good or bad. His Australian Financial Services Licence has not been revoked and no complaints about him or his company have been recorded.

Latest figures for the Spectrum Live Capital Management Fund have just been released. In the first six months of its existence it has attracted approximately $23 million from investors and the return for the first six months has been running at the rate of approximately 15 % p.a.

These are the facts. Can you handle them? Probably not. No matter, though, just because some of you cannot handle the truth, it doesn't alter the fact that thousands of people have placed their trust in Daniel and are, apparently, quite happy with the return on their investments.

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Where do you get these figures from? I can't seem to find it from the site or any fund tracker like morningstar

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

Alvin Purple said:

Only yesterday I checked the ASIC website for any news about Daniel Kertcher. There was nothing, either good or bad. His Australian Financial Services Licence has not been revoked and no complaints about him or his company have been recorded.

Latest figures for the Spectrum Live Capital Management Fund have just been released. In the first six months of its existence it has attracted approximately $23 million from investors and the return for the first six months has been running at the rate of approximately 15 % p.a.

These are the facts. Can you handle them? Probably not. No matter, though, just because some of you cannot handle the truth, it doesn't alter the fact that thousands of people have placed their trust in Daniel and are, apparently, quite happy with the return on their investments.

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welcome back

great to know you're checking asic for any daniel kertcher asic news. you check daily or was yesterday just an anomaly?

those 15% pa over 6 months facts look wonderful. BUT on the 4th November (post #485) you posted

"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.

this is why you cannot measure or market a fund's performance in such a short period of time.
hopefully next month it's not down to 11.2%

i made a 400% return on a forex position in one month, which equates to an annual rate of over 5,000% p.a... join my fund it's called the EXCELLENT fund
plus maybe your 'defying-mathematics' options writing (where you haven't had a loss in years!) looks like a better investment
.
facts alvin?
- platinum pursuits growth plus hedge fund;
- high-pressure marketing;
- spectrum live which trading pursuits invites to each live event to sign up would-be investors. the brokerage rates look LAUGHABLE! care to share the connection between spectrum live and trading pursuits?
- ANY of the links previously posted. they're posted and you click on them to visit.

so alvin, you've clarified that you're not an employee of trading pursuits.. but what about another position?
or you're just getting discounted brokerage?

it's quite odd knowing that somebody who is just a customer would go to such extremes defending both a person and company for now almost a year on an online forum

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

skyQuake said:

Where do you get these figures from? I can't seem to find it from the site or any fund tracker like morningstar

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Dear skyQuake,

I get these figures directly from Trading Pursuits. As you probably know, Daniel is of the opinion that an investor should have a basic understanding of trading and that is why he will except moneys for investing in the Fund only from students of Trading Pursuits. Both Pure Silk and I are students of Trading Pursuit, so we both have access to the results and I'm sure that Pure Silk will happily confirm the figure of 15 % p.a. for the first six months.

I am fully aware that there is a risk in extrapolating a six months result to a full year, but in the absence of further date, that is all we've got. A six months performance is better than just three months, but very soon we will have the results for the first 9 months and by the End of April we will have a full year's performance figures.

It is easy to understand why Daniel has chosen a very conservative approach. The general public often expects miracles as has again been shown recently by the scandal with a horse betting syndicate. Membership in the syndicate was open to the general public who were told that their money would double in 12 months. $200 million was subscribed to the syndicate and guess what? Those $200 million have gone missing and nobody knows where they went. I believe the authorities are now investigating.

Although I am eligible to invest in the Spectrum Live Capital Management Fund, I have not done so, and am unlikely to do so in the future, since I can achieve much better results by doing my own trading. By combining what I learned from Daniel's course with the wisdom conveyed to me from those books wayneL had recommended to me, I have been able to improve my returns markedly and I am looking to 2014 with great confidence and expect to make returns well in excess of 30 % p.a.

I understand that Joe has by know confirmed all of Pure Silk's results. I certainly couldn't find any fault with Pure Silk's figures.

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

excellent said:

welcome back

great to know you're checking asic for any daniel kertcher asic news. you check daily or was yesterday just an anomaly?

those 15% pa over 6 months facts look wonderful. BUT on the 4th November (post #485) you posted

"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.

this is why you cannot measure or market a fund's performance in such a short period of time.
hopefully next month it's not down to 11.2%

i made a 400% return on a forex position in one month, which equates to an annual rate of over 5,000% p.a... join my fund it's called the EXCELLENT fund
plus maybe your 'defying-mathematics' options writing (where you haven't had a loss in years!) looks like a better investment
.
facts alvin?
- platinum pursuits growth plus hedge fund;
- high-pressure marketing;
- spectrum live which trading pursuits invites to each live event to sign up would-be investors. the brokerage rates look LAUGHABLE! care to share the connection between spectrum live and trading pursuits?
- ANY of the links previously posted. they're posted and you click on them to visit.

so alvin, you've clarified that you're not an employee of trading pursuits.. but what about another position?
or you're just getting discounted brokerage?

it's quite odd knowing that somebody who is just a customer would go to such extremes defending both a person and company for now almost a year on an online forum

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No, I don't check the ASIC website daily (why would I?), but when I do check, I never find any complaint about Daniel Kertcher.

Yes, I know what I posted on November 4. At that time we only had the result for three months. Now we have a 6 months result, and very soon we'll have a 9 months result and by the end of April we will have a full year's result. Btw, your comment about a 400 % return is totally irrelevant and I won't even dignify it with further comment.

My options writing is as successful as it has ever been and while it is true that I have never had a losing month, I have had many trades that went against me. But with the correct risk management techniques, as taught by Daniel in his courses, one can mitigate potential losses and still end up with a profit by the end of the month.

High pressure marketing? I have certainly never experienced that from Daniel or any of his staff.

Connection between Spectrum Live and Trading Pursuits? I just know that TP uses SL as their broker. I don't use SL myself, I prefer IG Markets.

I am glad that at long last you understand that I am not an employee of Daniel's, I am also not "Daniel". And I don't get any special brokerage rates.

I was invited to this forum and asked to share my experience. That's just what I have done. If that meant defending Daniel from time to time, so be it. I felt that some of the mindless attacks on Daniel were totally unwarranted and I simply stated that my experience was a positive one.

Just one example of a mindless attack: In November, after I had posted the result of the SLCMF for the first three months, someone on this forum "predicted" that the next three months' return would be "negative" Well, the fact it that it was not negative, and from what I can see so far, the current three months period will also be positive. So, I'd suggest, we all wait until the end of January, or even better, the end of April, when we'll have a whole year's result.

Will I keep defending Daniel in future? If I feel that the attacks made on him are totally unwarranted, yes, of course, I will. Should he ever lose his Australian Financial Services Licence, then I'll have to reconsider my position.

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

skyQuake said:

Where do you get these figures from? I can't seem to find it from the site or any fund tracker like morningstar

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skyQuake, try www.slcm.com.au, then click on the sample report tab. I believe the report displayed is the actual Sept report (6 months), there is also a 22 minute video of DK explaining in vivid and comprehensive detail, all aspects of the report.

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

Alvin Purple said:

No, I don't check the ASIC website daily (why would I?), but when I do check, I never find any complaint about Daniel Kertcher.

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because you stated in your first response that you checked the asic website for daniel kertcher yesterday...i guess just a coincidence that you checked it yesterday, better to be safe hey

Alvin Purple said:

Yes, I know what I posted on November 4. At that time we only had the result for three months. Now we have a 6 months result, and very soon we'll have a 9 months result and by the end of April we will have a full year's result. Btw, your comment about a 400 % return is totally irrelevant and I won't even dignify it with further comment.

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my comment about my 400% one-month return is as irrelevant as you previously bragging about a quarterly return.

Alvin Purple said:

My options writing is as successful as it has ever been and while it is true that I have never had a losing month, I have had many trades that went against me. But with the correct risk management techniques, as taught by Daniel in his courses, one can mitigate potential losses and still end up with a profit by the end of the month.

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in the entire time (3-years) you've claimed to be without a losing month, following trading pursuits (who also would obviously use the same risk management techniques as they taught to you), is it true or untrue that trading pursuits have had losing months in this same period?

your deliberate loose wording about mitigating potential losses and only ending up with profits at the end of the month is very misleading and you've aimed to do so deliberately.

Alvin Purple said:

High pressure marketing? I have certainly never experienced that from Daniel or any of his staff.

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are you a subscriber to trading pursuits? if you receive 5 different emails from the same company within a 24-hour advising registration closing soon, limited seats remaining, last chance (all the usual crap) what type of marketing is this considered? also you've attended their live conferences..

Alvin Purple said:

Connection between Spectrum Live and Trading Pursuits? I just know that TP uses SL as their broker. I don't use SL myself, I prefer IG Markets.

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TP uses SL as their broker because SL is literally a TP-associated broker. they are based in the same office. what a way to make money! receive attendee course fees, upsell advanced courses, sign up attendees to the recommended 'broker' SL at the live events -recipe for a money making machine. daniel made his money as a successful trader right?

Alvin Purple said:

I am glad that at long last you understand that I am not an employee of Daniel's, I am also not "Daniel". And I don't get any special brokerage rates.

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not an employee, not daniel, somebody else within the organisation or associated? maybe you look similar to alvin purple...?

Alvin Purple said:

I was invited to this forum and asked to share my experience. That's just what I have done. If that meant defending Daniel from time to time, so be it. I felt that some of the mindless attacks on Daniel were totally unwarranted and I simply stated that my experience was a positive one.

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and alvin who invited/asked you to share your experiences? understandably don't expect any name's listed online..but in whose best interests is it to invite you to this forum and share your clearly positive experience? did trading pursuits ask you alvin?

Alvin Purple said:

Just one example of a mindless attack: In November, after I had posted the result of the SLCMF for the first three months, someone on this forum "predicted" that the next three months' return would be "negative" Well, the fact it that it was not negative, and from what I can see so far, the current three months period will also be positive. So, I'd suggest, we all wait until the end of January, or even better, the end of April, when we'll have a whole year's result.

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wait for what exactly? to pass judgment on daniel kertcher's approach to entice more baby boombers to pay thousands of dollars in course sign ups fees, to be 'educated' and to gain the opportunity to invest in the SLCM fund with a 1-year history..i haven't predicted anything or won't make any judgment but hope that investors can this time actually get roi

Alvin Purple said:

Will I keep defending Daniel in future? If I feel that the attacks made on him are totally unwarranted, yes, of course, I will. Should he ever lose his Australian Financial Services Licence, then I'll have to reconsider my position.

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unwarranted? have you read any of the feedback or history about this guy? and you think people are 'attacking' him for no reason? throughout this thread you've been caught lying, have regularly posted retrospective trades and defended for months Daniel because you feel attacks on him are unwarranted.

when a company charges thousands of dollars in course fees, upsells for many advanced courses at all events, practices live event NLP marketing, signs attendees up to 'brokers' who are really directly affiliated with them (Spectrum Live) that offer highly noncompetitive rates (not obvious to new would-be traders), recommends trading software worth hundreds of dollars to new attendees, charges hundreds of dollars p.a for monthly trade reports etc. not to mention the previous platinum pursuits growth plus hedge fund..some people might consider these reasons to be warranted

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

excellent said:

because you stated in your first response that you checked the asic website for daniel kertcher yesterday...i guess just a coincidence that you checked it yesterday, better to be safe hey



my comment about my 400% one-month return is as irrelevant as you previously bragging about a quarterly return.



in the entire time (3-years) you've claimed to be without a losing month, following trading pursuits (who also would obviously use the same risk management techniques as they taught to you), is it true or untrue that trading pursuits have had losing months in this same period?

your deliberate loose wording about mitigating potential losses and only ending up with profits at the end of the month is very misleading and you've aimed to do so deliberately.



are you a subscriber to trading pursuits? if you receive 5 different emails from the same company within a 24-hour advising registration closing soon, limited seats remaining, last chance (all the usual crap) what type of marketing is this considered? also you've attended their live conferences..



TP uses SL as their broker because SL is literally a TP-associated broker. they are based in the same office. what a way to make money! receive attendee course fees, upsell advanced courses, sign up attendees to the recommended 'broker' SL at the live events -recipe for a money making machine. daniel made his money as a successful trader right?



not an employee, not daniel, somebody else within the organisation or associated? maybe you look similar to alvin purple...?



and alvin who invited/asked you to share your experiences? understandably don't expect any name's listed online..but in whose best interests is it to invite you to this forum and share your clearly positive experience? did trading pursuits ask you alvin?



wait for what exactly? to pass judgment on daniel kertcher's approach to entice more baby boombers to pay thousands of dollars in course sign ups fees, to be 'educated' and to gain the opportunity to invest in the SLCM fund with a 1-year history..i haven't predicted anything or won't make any judgment but hope that investors can this time actually get roi



unwarranted? have you read any of the feedback or history about this guy? and you think people are 'attacking' him for no reason? throughout this thread you've been caught lying, have regularly posted retrospective trades and defended for months Daniel because you feel attacks on him are unwarranted.

when a company charges thousands of dollars in course fees, upsells for many advanced courses at all events, practices live event NLP marketing, signs attendees up to 'brokers' who are really directly affiliated with them (Spectrum Live) that offer highly noncompetitive rates (not obvious to new would-be traders), recommends trading software worth hundreds of dollars to new attendees, charges hundreds of dollars p.a for monthly trade reports etc. not to mention the previous platinum pursuits growth plus hedge fund..some people might consider these reasons to be warranted

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Ha! Ha!

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

As I have said before, anyone who still chooses to put money into this after reading this thread pretty much deserves to lose their money.

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

prawn_86 said:

As I have said before, anyone who still chooses to put money into this after reading this thread pretty much deserves to lose their money.

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That about sizes it up.... +1

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

Whats so special about this site...half of it is bull**** anyway

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

wombat40 said:

Whats so special about this site...half of it is bull**** anyway

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Maybe, maybe not. But it's free to come here, it doesn't cost several thousand for the bullsh*t.

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

wombat40 said:

Whats so special about this site...half of it is bull**** anyway

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funny when members that post have that to say.

this site is one of the best one's in regards to low levels of Bull%$t

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

Alvin Purple said:

Ha! Ha!

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haha Alvin that was my response when I saw this video.. namely how he says he isn't presenting to teach about options & CFDs or how to make money in the stockmarket BUT how to build a financially abundant mentality ROFLMAO

http://www.dailymotion.com/video/x80ije_unleash-stock-market-cfd-rsquo-s-nd_school

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

Well may you laugh, but building a financially abundant mentality is exactly what Daniel has done for me.

What I have learned from Daniel, combined with the knowledge found in the books recommended to me by wayneL, has enabled me to find my own trades.

Pure Silk has proved beyond the shadow of a doubt that Daniel's system works. So, for a reasonable person the argument has been settled.

However, I also know that some of you will never be convinced because you just cannot stomach the fact that you have been wrong about Daniel all along.

Therefore, my future responses to anything that's posted here may be curt and may even get curter. Unless I feel a longer response is warranted, of course.

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

‘alvin’ you’ve stated within this thread that you learnt trading from Daniel Kertcher three years ago.
you’ve also claimed that you haven’t had a losing month using any of the techniques that Daniel Kertcher taught you.

PureSilk as a member of the Trading Pursuits Monthly Income Report (and since Alvin hasn’t provided any evidence in the form of broker statements to support his stated returns), could you please confirm or deny if Trading Pursuits have had a losing month over the past 3-4 years since Alvin learnt from them?
this will give everybody who chances upon this forum a true insight into whether Alvin's claims are legitimate or just 'a big load of hot air'.

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

Alvin Purple said:

Pure Silk has proved beyond the shadow of a doubt that Daniel's system works. So, for a reasonable person the argument has been settled.

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no argument has been settled. the title of the thread is 'Daniel Kertcher/Platinum Pursuits -Serious or Scam?'

according to the Merriam-Webster dictionary, a scam is: 'a dishonest way to make money by deceiving people'
http://www.merriam-webster.com/dictionary/scam?show=0&t=1387003621

alvin, is it true that the director of trading pursuits is also the director of spectrum live (trading pursuits' recommended broker)? would all trading pursuits students be fully aware of this fact when signing up to the 'preferred' broker?
again brokerage rates are here http://www.spectrumlive.com/brokerage-rates -look at those fx spreads

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

Alvin Purple said:

What I have learned from Daniel, combined with the knowledge found in the books recommended to me by wayneL, has enabled me to find my own trades.

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I will order the frankincense & myrrh immediately.

Pure Silk has proved beyond the shadow of a doubt that Daniel's system works.

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Incorrect.

Pure Silk has proved good faith, which you have never proved to show. He has proved that a delta+ system makes money in a bull market (duh!). He has proved that the system has negative months (even in a bull market). What he has not proven, is the robustness of the system in all market phases, what happens in a bear market.

Being highly leveraged and gamma-... well let's just say many of us have seen these sort of systems go down in flames before.

So, for a reasonable person the argument has been settled.

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As I have just illustrated, a reasonable person would never settle on six months of bull market results, such a person would more likely be an imbecile.

However, I also know that some of you will never be convinced because you just cannot stomach the fact that you have been wrong about Daniel all along.

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Uhhh no!

We have been right all along. The system is what it is, but risks, rewards and probabilities of success misrepresented.

Therefore, my future responses to anything that's posted here may be curt and may even get curter. Unless I feel a longer response is warranted, of course.

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He who lives by the sword, dies by the sword.

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

excellent said:

‘alvin’ you’ve stated within this thread that you learnt trading from Daniel Kertcher three years ago.
you’ve also claimed that you haven’t had a losing month using any of the techniques that Daniel Kertcher taught you.

PureSilk as a member of the Trading Pursuits Monthly Income Report (and since Alvin hasn’t provided any evidence in the form of broker statements to support his stated returns), could you please confirm or deny if Trading Pursuits have had a losing month over the past 3-4 years since Alvin learnt from them?
this will give everybody who chances upon this forum a true insight into whether Alvin's claims are legitimate or just 'a big load of hot air'.

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Refer to my post #550, I have attached 5 months of trading results, October was a losing month (my personal experience). Clarification - I only trade the trade ideas from just one report, the Income Plus report. TP has 4 reports in total (I believe), I have not familiarized myself with the results of the rest of them.

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

The gist of all this seems to be that most of you are accusing Daniel Kertcher of misrepresentation. Some of you are just implying it, but some of you have used the actual word.

Now, under Australian Law, misrepresentation is a serious offence, and particularly so in the financial world.

I understand that some of you don't think much of ASIC, but that's all we've got. There is no more powerful authority than that at this time in Australia.

For all its shortcomings (being underfunded and understaffed), ASIC has successfully prosecuted and sent to jail a number of persons. The charges were "obtaining financial advantage by deception" and "misrepresentation" (here is that word again).

I know for a fact that ASIC monitors Daniel and his company very closely. They send officials to his seminars and workshops and are always on the lookout for any breaches that could lead to a suspension of his Australian Financial Services Licence. Since his AFSL has never been pulled, ASIC must be happy with his conduct.

Notwithstanding your comments about "high pressure marketing", nobody is forced to attend his courses. I have spoken to many people who have attended, and not one of them has mentioned that they were there against their will.

Pure Silk has proved that even with the occasional losing month, Daniel's system can still show a very good overall return. The reason that I have never had a losing month is because I am more conservative. Unless a trade ticks all the boxes, I won't even enter it. That is why my returns are lower (at 30 % p.a.) than Pure Silk's, but I can live with that. However, with the additional knowledge I have gained from those books recommended by wayneL, I expect to make higher returns in 2014.

If we apply the "reasonable person test" to these facts, the answer to the basic question of this thread whether Daniel Kertcher is a "scam" is clear: Daniel Kertcher is not a scam. Because if he were a scam, he would have been closed down and sent to jail by ASIC a long time ago.