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Daniel Kertcher/Trading Pursuits - Serious or Scam?

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

Alvin Purple said:
What a bugger! Got stopped out again at $547.00 with a small profit. Bought back 10000 AAPL CFDs at $546.60 with the S/L at $541.60. Now I just have to wait for the Earnings Report.
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Stopped out again at a loss after hours by the looks.

I would be curious to know what the reasoning's behind the purchases are? If you are buying back straight after getting stopped out then what is the point? Does Daniels course teach you to keep doing that?

I would also be curious to see broker statements...
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin Purple said:
What a bugger! Got stopped out again at $547.00 with a small profit. Bought back 10000 AAPL CFDs at $546.60 with the S/L at $541.60. Now I just have to wait for the Earnings Report.
Click to expand...

Was there any slippage on IG's stop loss?
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin Purple said:
What a bugger! Got stopped out again at $547.00 with a small profit. Bought back 10000 AAPL CFDs at $546.60 with the S/L at $541.60. Now I just have to wait for the Earnings Report.
Click to expand...
Entering a trade just before an earnings report??? If you did not have a GSL on those CFDs you'd be very lucky to be stopped at $541. After hours down $41.50 to $509.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

FxTrader said:
Entering a trade just before an earnings report??? If you did not have a GSL on those CFDs you'd be very lucky to be stopped at $541. After hours down $41.50 to $509.
Click to expand...

IIRC guaranteed SL has to be at least 5% away.

If so this is probably a very ugly result
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

wayneL said:
IIRC guaranteed SL has to be at least 5% away.

If so this is probably a very ugly result
Click to expand...
Most GSLs are absolute +- a spread (gap protection at a cost). Even with a GSL this trade took a huge loss. Without a GSL I shudder at the thought of the financial consequences of such a trade.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

FxTrader said:
Most GSLs are absolute +- a spread (gap protection at a cost). Even with a GSL this trade took a huge loss. Without a GSL I shudder at the thought of the financial consequences of such a trade.
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Fear not! This is "ne'er a losing month" Alvin remember!
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

As a "wise" man said to me one day 'Dude,thats a really **** way to trade'

......well, he was right.

you'll get it sooner or later.

but keep posting lol
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin,

I am sure that I am not alone in saying that I eagerly await your updates. I do hope that you haven't gone and drowned yourself in one of your "dark pools".
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Alvin Purple said:
What a bugger! Got stopped out again at $547.00 with a small profit. Bought back 10000 AAPL CFDs at $546.60 with the S/L at $541.60. Now I just have to wait for the Earnings Report.
Click to expand...

yikes! that is a terrible, terrible result...

you promoted that you learnt from Daniel Kertcher for the past 3+ years, haven't had a losing month ever and your monthly income writing was generating approx. 30% per annum...yet the trades you've noted on this forum have either been hindsight or when horrendous live trades. by the way, are these some of the actual returns for one of the 'bad' months in the past few years of writing options that Daniel Kertcher/Trading Pursuits promote to paying trading pursuits clients?

August 2011:
Covered Calls
Network Appliance Inc (NTAP) P&L -49.88%
Whirlpool Corp (WHR) P&L -42.51%
Occidental Petroleum Corp (OXY) P&L -55.83%
United States Oil (USO) P&L -68.39%
EMC Corp (EMC) P&L -46.70%
Gilead Sciences (GILD) P&L -63.53%
JC Penney Co Inc Holding Co (JCP) P&L -71.53%
Marathon Oil Corp (MRO) P&L –43.57%

Naked Puts
FedEX Corp (FDX) P&L -195.50%
JP Morgan Chase (JPM) P&L -35.86%
SPDR Trust Series 1 (SPY) P&L -131.23%
Direxion Dly 20 Yr Treasury Bear 3x P&L -292.96%

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

History hasn't been broken just yet since 'Alvin' still has one day left in the month to generate a profitable month...

So I got stopped out after a few hours. So what? It means I can now enter the trade at a lower price. Simple.
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Exactly, if $540+ looked good, $500 looks even better! Maybe double up, buy another 20,000 AAPL cfds and chase those losses champ.

Don't you guys get it? Alvin sometimes loses on a trade, but he has never had a losing month.
Click to expand...
You heard it here first!
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Geez, Al's been quiet for a bit. Must be too busy spending his untold wealth to mix it with us mere peons.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Judd said:
Geez, Al's been quiet for a bit. Must be too busy spending his untold wealth to mix it with us mere peons.
Click to expand...

I observed somone sipping apple cider beside a dark pool the other day. I couldn't help wondering if it might've been Alvin. I sure do hope he didn't drown. He's proven to be such great entertainment value.
His presence (like his analysis) has certainly missed! (apologies- I meant to say "certainly been missed"-must have been a Freudian typo!)
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I miss Alvin for his contrarian signals. I had a backtested AAPL system which made massive profit, simply go short when Alvin announces he goes long on his CFDs. Too bad he probably wiped his account out before I started trading the system live.
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

I heard that he was run over by a steam roller.

(It's what happens when trying to snatch pennies in front of one, it will get you eventually)
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

wayneL said:
I heard that he was run over by a steam roller.

(It's what happens when trying to snatch pennies in front of one, it will get you eventually)
Click to expand...

Was that before or after the leonine pecuniary connoisseur bit his arm off?
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

wayneL said:
I heard that he was run over by a steam roller.

(It's what happens when trying to snatch pennies in front of one, it will get you eventually)
Click to expand...

I'm sorry WayneL but this one left me a little flat.....
 
Re: Daniel Kertcher/Platinum Pursuits - Serious or Scam?

Maybe he'll reincarnate again like he did that other time!

One can but hope!
 
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