Daniel Kertcher/Trading Pursuits - Serious or Scam?

[Magda]

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

Hi guys, I,m back.

Having read every post on this thread I have come to the conclusion that none of you has made any money trading.

Even that clown Alvin Purple is just a lot of hot air.

I made the mistake of following his advice and bought a lot of Tesla shares at $139.00, but they have gone up only to $72.00. What should I do now? Sell or hang on to them? It's abot $50,000 worth of shares.

Any advice will be much appreciated.

 

[minwa]

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

Hi guys, I,m back.

No welcome back for you, no one missed you. Oh, just so happens for you to come back after Alvin dissappeared, no coincidence at all.

Having read every post on this thread I have come to the conclusion that none of you has made any money trading.

You're right. So don't waste your time here. The close button is top right corner of screen. Daniel Kertcher will be happy to take your money. Do check out the results of his past funds though.

Even that clown Alvin Purple is just a lot of hot air.

I don't disagree. Fabricating trades and dissappearing after being exposed.

I made the mistake of following his advice and bought a lot of Tesla shares at $139.00, but they have gone up only to $72.00. What should I do now? Sell or hang on to them? It's abot $50,000 worth of shares.

Any advice will be much appreciated.

Best advice, learn some maths. $139 "gone up" to $72, your logic in maths is as good as Alvin's (pure coincidence there, again). Start with these, don't be shy to ask for help if you need. You can sell your imaginary shares and pay for the tuition. http://www.learninggamesforkids.com/kindergarten-math.html

 

[Alvin Purple]

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

Hi guys, I,m back.

Having read every post on this thread I have come to the conclusion that none of you has made any money trading.

Even that clown Alvin Purple is just a lot of hot air.

I made the mistake of following his advice and bought a lot of Tesla shares at $139.00, but they have gone up only to $72.00. What should I do now? Sell or hang on to them? It's abot $50,000 worth of shares.

Any advice will be much appreciated.

Hi Magda,

good to see you are back, but you really must listen to what I say. When I said a few weeks ago that I was buying some Tesla shares I was also telling you privately to watch them go up and when they hit $170 to sell them. Well, they got to $172 (your $72 must be a misprint) and right now they are about $170.

So, Magda, SELL them now and you will make a profit of $31 per share. Then multiply that by the total number of shares you bought and you will know exactly how much profit you have made. Btw, I sold my 10,000 shares when they hit $171.00

 

[prawn_86]

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

Btw, I sold my 10,000 shares when they hit $171.00

Care to show a broker statement to prove this hindsight trade?

 

[minwa]

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

Oh and now Alvin's back, just as "Magda" posts. So many "coincidences" in this thread.

And he claims to have bought 10k shares which would've costed more than 1 million as TSLA is above 100.

www.profit.ly

Verify the trade there (you can do it on just that one trade) or own up that your trade was imaginary.

Do that and I will write a cheque of $1000 to a charity of your choice with the receipt posted here.

 

[minwa]

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

Magda, you can also do it, my challenge still stands. Prove your trade of $50 000 and I will write a $1000 cheque to charity.

Let's see between the err, "2 of you", if "either" of you took the real trade at the prices claimed instead of hindsight talking how much money you made.

 

[Alvin Purple]

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

I might have a bit of TSLA.

This is the last part of post #628 I made on December 21, 2013

As I said, I sold my Tesla shares a few days ago when they hit $171.00

So, how can this be a "hindsight" trade?

Maybe it is in your world, but not in mine.

And no, I did not have to outlay one million dollars. You have probably never heard of CFDs, but you generally need only 10 % of the purchase price, the rest of it you borrow for a short while at very low interest rates.

By the way, here is another "hindsight" trade I will be doing tomorrow morning as soon as the market opens. I will be buying a large number of AAPL CFDs at about $554.00. Then I will just wait for AAPL to pop significantly, write way-out-of-the-money call options, collect a very juicy premium. S/L of course moves up with the share price. If the share price reaches the way-out-of-the-money strike price I will be forced to sell my shares at a huge profit and also keep the juicy premium. If the share price does not reach the strike price by expiry, I keep both, the premium and the increased share value.

Now when it's all over and I'll tell you how much I have made, you will no doubt call it a "hindsight" trade, although I have told you well before I placed the first trade.

Go figure.

 

[minwa]

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

Btw, I sold my 10,000 shares when they hit $171.00

Ah yes suddenly your "shares" becomes CFDs. Well regardless my challenge still stands, CFDs are verifiable so post it up or stay in your imaginary world.

I have never heard anyone use the word shares in replacement of CFD when they traded CFD contracts, only when they try to mislead people.

I am still waiting for your or Magda's (say hi to him for me, he's just down the corridor from your office) trade verification. Your CFD trade or his $50k shares (perhaps they turn out to be CFDs as well ?).

 

[Alvin Purple]

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

OK, I got my 10000 CFDs of AAPL soon after the market opened at $548.10. S/L is set at $543.00.

Now I am off to bed. Night All!

 

[minwa]

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

OK, I got my 10000 CFDs of AAPL soon after the market opened at $548.10. S/L is set at $543.00.

Now I am off to bed. Night All!

10 000 X 548 = 5.48 million

5.48 million X 0.10 = $548k required

Your account size seems very inconsistent with previous claims/trades, it scales up exponentially. Anyone can do that on a paper account.

Too scared to verify the trades because you don't have any real trades ?

 

[skyQuake]

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

OK, I got my 10000 CFDs of AAPL soon after the market opened at $548.10. S/L is set at $543.00.

Now I am off to bed. Night All!

Now what?

 

[minwa]

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

$5 loss with 10k shares. Wiped out $50k in a few hours. On a leveraged account trading CFDs. Would suck, although it was just paper trades anyway.

Well done Alvin. Let's see what you come up with next.

 

[Valued]

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

$5 loss with 10k shares. Wiped out $50k in a few hours. On a leveraged account trading CFDs. Would suck, although it was just paper trades anyway.

Well done Alvin. Let's see what you come up with next.

His trades might not be real, but if they were and he was trading with 500k of CFDs for an interest of 5 million, if you assume someone did proper risk management, their trading account size would be quite large (you would think at least 20 million). In such a case 50k loss in one night would be negligible relative to the account. It would be like someone putting $500 on a CFD for a 10k exposure losing 50 bucks. Not a big deal.

I would like to be at the point where 50k is the same as 50 bucks though

 

[minwa]

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

Oops, I almost forgot. You probably also want to see how I bought the CFDs. Here it is:

___________________________________________________________________________________

This message is to confirm that you have placed the following trade:

Date: 19 AUG 2013
Reference: DIAAAASDRETWYT
Size: Buy 1000.0000 shares to open
Market: SanDisk Corp CFD
Level: 54.83

If you have any questions, please contact our Helpdesk on the details below.

____________________________________________________________________________________

This was his past trade apparently. In 4 months he went from making trades with share value of $54 830 to $54 800 000. Very believable.

Getting stopped out in a few hours right after trade entry, very good (paper) trading system.

 

[TheUnknown]

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

Lets assume alvins trade went into positive on the apple trade so same positive % as it went in negative, how much would he have profited? 54k?

 

[skc]

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

$5 loss with 10k shares. Wiped out $50k in a few hours. On a leveraged account trading CFDs. Would suck, although it was just paper trades anyway.

Well done Alvin. Let's see what you come up with next.

Alvin is such a great trade he never ever lose money, even on a paper trade.

He will come back and say something like he saw the intraday breakdown and moved his stop to breakeven. He also sold some options and collected the premium.

Don't you guys get it?! Alvin NEVER loses on any trade.

P.S. You might question the fact that he went to bed and couldn't have done that... but he only went to bed in "sim" as well.

 

[Alvin Purple]

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

Oh my, oh my, oh my.

This is gonna be fun.

Nearly all of you are totally wrong.

And because of that I will do what I normally don't. Usually I ignore posts that don't make sense or a factually wrong. But on this occasion I will make an exception and answer each post in turn. You see, ER date is not far away (January 27) and I am sure my position will be vindicated one way or another.

All my following posts are replies toy your posts. Here we go:

 

[wayneL]

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

Prepare to suspend reality folks

$0.02

 

[Alvin Purple]

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

10 000 X 548 = 5.48 million

5.48 million X 0.10 = $548k required

Your account size seems very inconsistent with previous claims/trades, it scales up exponentially. Anyone can do that on a paper account.

Too scared to verify the trades because you don't have any real trades ?

Minwa, you are wrong.

Margin requirement with AAPL CFDs is 5 % for the first 4000 CFDs, 10 % for the next 6000 CFDs, an average of 8 % (not 10 % for the lot as you have stated)

10 000 X 548.10 = 5.481 million

5.481 million X 0.08 = $438480 required (Not $548 as you have wrongly stated)

You do not know my account size, so how can it be inconsistent? You have nothing to measure it against (You are wrong again). I stopped paper trading a long time ago, as I have stated on many occasions, and nobody else has doubted that.

Verify what? It is pretty clear, and it should be clear to any reasonable person, that I have just lost $51,000 of real money. I got stopped out at about 5.50 a.m. Saturday morning while I was sound asleep.

However, on Tuesday evening (Monday is a public holiday in the US), probably in pre-market trading, I intend to buy back 10000 AAPL CFDs at a price around $541 with a stop loss $5 below. If the price goes up quickly by say, $20 or $30, I will just sell my CFDs and pocket the profits. If the price goes up by only $5 or $10 I will revert to my original plan and sell way-out-of-the-money call options over those CFDs.

Again, I am setting out my plans well before execution. So this cannot be called a "hindsight" trade by any reasonable person.

 

[Alvin Purple]

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

Now what?

Now what, indeed!

Why would anybody with a basic knowledge of trading even have to ask that?

However, as to the "Now what?", I have just explained in my previous post exactly "what" I will do now.