Daniel Kertcher/Trading Pursuits - Serious or Scam?

[maffu]

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

Interesting to see this thread pop up.
I went to one of those introductory course by Daniel Kertcher back in 2004 or 2005, when I had just finished High School.

It was incredibly light on any facts, and it instantly annoyed me that it had no details to any of the strategies. I didn't go ahead with any of it.

I have to admit he was a very good speaker, and it did get me interested interested in trading and markets in a big way. I have subsequently done a Finance degree, learnt all about derivative securities, and how to derive the Black-Scholes option model and all sorts of interesting things about portfolio management and quantitative trading strategies.

So I can thank Daniel for being an interesting speaker, although I think his presentations and trading strategies were never going to provide a trading edge.

 

[wayneL]

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

I have to admit he was a very good speaker, and it did get me interested interested in trading and markets in a big way. I have subsequently done a Finance degree, learnt all about derivative securities, and how to derive the Black-Scholes option model and all sorts of interesting things about portfolio management and quantitative trading strategies.

So I can thank Daniel for being an interesting speaker, although I think his presentations and trading strategies were never going to provide a trading edge.

Yes, but for the vast majority people like Daniel Kertcher get folks interested in trading... the wrong way.

It need not be Daniel Kertcher with this CFD Covered call subterfuge, it could be Robert Quacky Saki, Aussie Rob***, or any number of irritating seminar clowns.

Kertcher and those like him, as we have seen in threads like this, create an army of arrogant rank novices who believe they are the recipients of received options wisdom.

The only true education they receive is from the bear driven steam roller that squashes their gizzards out as they try to snatch pathetic pennies from a naive system.

Even then, some doggedly hold on the the faith. They don't trade anymore because their capital is gone (unlucky you see), but they still brag how they used to make 4% per month.

It is the worst way imaginable to become interested in trading.

Maffu, you're one of only a few who reject the drivvle and go and find the truth for themselves and learn to profit properly.

 

[maffu]

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

Maffu, you're one of only a few who reject the drivvle and go and find the truth for themselves and learn to profit properly.

Not quite sure I've learnt the profit part just yet

 

[sails]

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

...Did you look into a mix of naked puts & naked calls so if the market moves sharply they will generally buffer each other?

Yes, I studied, graphed and live traded with small quantities so many strategies - and not just the mainline ones. Thankfully, I had learned and understood about synthetics which help enormously in dealing with complex positions. I have done some strategies with calendars at multiple strikes and with an additional otm long put and call to used for adjustments as the market moved - and sometimes used reverse calendars if the conditions were right. I could probably write a book on the numerous strategies I have studied, researched and live tested.

However, even after all that time and effort, I did not find a silver bullet that would just keep making money month in and month out consistently and some of the complex strategies ended up being eaten up in slippage.

To trade Aussie options, I have come to the conclusion that the simpler the better and it pays to wait for good opportunities to present and then use the appropriate strategy to trade that opportunity. And that takes time and effort and certainly time in the market.

 

[wayneL]

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

Did you look into a mix of naked puts & naked calls so if the market moves sharply they will generally buffer each other?

This is the general group of strategies lumped together as delta neutral. Presumably we are still talking about being short gamma, ergo what you DO NOT want is a sharp move; gamma is your mortal enemy is such a circumstance.

It's like being surrounded by katana wielding Ninja assassins:

If you freeze you will have your head unceremoniously lopped off and handed to you.

You can defend if you have the abilty, you might pull off a stunning victory, but many times there may be collateral damage and sometimes you may still lose anyway.

The real world is not choreographed like a Bruce Lee movie; in the real world sometimes the bad guys win.

 

[toughlessons]

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

Thanks for the comments re: mix of naked OTM puts and naked ITM calls ( I think I got the terms generally right)
It does seem from what I have read and experienced that, none of these really help enough when markets move sharply (and for US requires me to get woken any time a strike is near being breached, ie: quite easy to react emotionally), so in the end it becomes a fairly speculative activity but with more overheads than simpler strategies... the 'bad' months seem to be enough to always wipe out premium based income strategies. As seveal have said, one strategy works in certain conditions as does another in a different situation, and this is skill, timing, learning and experinced based, not something one can just buy or implement within a short time...

 

[Jaan]

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

Hi all,
I registered so as I could share my thoughts on the Daniel Kertcher program(s).

I have listened to a couple of million aires in the past try to sell me their program/formula for generating wealth from the stock market. Listening to Daniels free 2 hour seminar was a very simple experience of ' Great! Someone who seems to have high integrity, is very clear and very trustworthy' It was a straightforward experience of ' I can trust what this guy is saying' and ' I can trust this guy' I finally signed up for a program on creating wealth through the share market after putting off doing so for nearly 15 years.

I was not dissapointed. far from it.

The guy is worth every cent. I question the scarcity mentality of people who think $4,000 is a lot of money to get further education and investing in yourself. crazy really. And compared to what Daniel makes from the stock market and what he sits on wealth wise, it is really peanuts to him.....believe me, the money from students is not why he is doing his trainings.
I also question people who think they know it all and you do not need further training after x number of years in some field. It is that attitude that keeps you mediocre and lacking financially.
On the subject of which... There is a feeling of either tall poppy syndrome or even jealousy as I read through some of these posts.... The fact is Daniel is passionate, therefore very knowledgeable about his passion of making money through trading and has therefore a goldmine of information to share...Why should not he get paid well and charge well for it? Good on him I say!
Did you know in the energetics of the energy centers of the body, the base energy centre corresponds to survival/ money issues and abundance. And when people are jealous of anothers success and wealth, the jealous persons base energy centre shrinks and therefore attracts less abundance. And in turn if you are happy for someones wealth and abundance, your base centre expands massively and you end up attracting more money. Daniel is smart and uses a classic law of energy and wishes for everyone to be wealthy, actually does something about it and he gets lots of the same in return!
A lot of the posts were also cynical and critical... Look no one is perfect, if Daniel is not forthright in saying ' hey, I deserve to get paid really well for this info because I have lived and breathed this stuff for nearly 20 years now and I think that is the value of what I am giving you here', if he fumbles and feels he has to justify and says, ' hey it costs lots to put this on ' forgive him. No big deal. I know for a fact he has gotten his returns accredited/ proved by an accountancy firm. It is serious/ legit. I know he has retired twice now only to get bored, etc. I know for a fact he made $1.4 million in one go on the markets not too long ago thanks to his incredible knowledge of the interconnectedness of the worlds happenings... He knows his stuff... Whoever was put off by the cynicism and critical minds who posted things in this thread...you have missed out because you failed to trust yourself and your initial instinct to be trained by Daniel.... Crazy I say... Trust yourself ...do not listen to other peoples cynicism and critical, down putting thinking. Sign up again. And do thenext 2 courses after the 1st. If you do not believe in yourself and your ability to make lots of money in the near future enough to invest 10 grand ( less really) in further education, if you cannot put your money where your self belief mouth is, then you have a very poor self worth which will keep you poor.

Thanks for listening

 

[Timmy]

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

Thanks for listening

You're welcome.
And thank-you. I love spam.

 

[mazzatelli]

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

Trust yourself ...do not listen to other peoples cynicism and critical, down putting thinking. Sign up again. And do the next 2 courses after the 1st. If you do not believe in yourself and your ability to make lots of money in the near future enough to invest 10 grand ( less really) in further education, if you cannot put your money where your self belief mouth is, then you have a very poor self worth which will keep you poor.

Well we all know who has lost $10k recently.

You're advice is not only stupid, but it is dangerous.

 

[wayneL]

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

Hi all,

Thanks for listening

No worries Daniel, I always enjoy a good laugh.

 

[Julia]

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

Good Lord, Jaan,(?) maybe consider a little subtlety next time? I don't think I've ever read such blatant advertising.

 

[mazzatelli]

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

Good Lord, Jaan,(?) maybe consider a little subtlety next time? I don't think I've ever read such blatant advertising.

 

[effraye]

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

Daniel is a salesmen, nothing more nothing less.

 

[MACD]

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

Jaan,

You are obviously trying to recoup the $4k you got suckered into and lost with Daniel, by trying to get as many people to join!!!! - more suckers??

If the system is so fantastic, I suggest you post some of your / Daniels trades and profits and lets see what all the fuss is about.

 

[wayneL]

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

As I've got a spare couple of hours, I thought I'd take another look at Daniel's transparent avertising.

Hi all,
I have listened to a couple of million aires in the past try to sell me their program/formula for generating wealth from the stock market. Listening to Daniels free 2 hour seminar was a very simple experience of ' Great! Someone who seems to have high integrity, is very clear and very trustworthy' It was a straightforward experience of ' I can trust what this guy is saying' and ' I can trust this guy' I finally signed up for a program on creating wealth through the share market after putting off doing so for nearly 15 years.

Pure psychobabble, trustworthiness is a perception all marketers try to cultivate... you are a bit too obvious in pushing this point. How can you judge trustworthiness from a two hour sales presentation? Ridiculous!

The guy is worth every cent. I question the scarcity mentality of people who think $4,000 is a lot of money to get further education and investing in yourself. crazy really.

More psychobabble to make $4k look cheap. For around $100 each, you can read the tomes of McMillan, Natenberg, Cottle et al and end up with many times more option knowledge than ANY weekend seminar.

Some individualized mentorship programs might be worth $,000s due to the individual effort attention the student receives, but a weekend seminar gives you enough information and the motivation to get yourself in trouble in the vast majority of cases.

And compared to what Daniel makes from the stock market and what he sits on wealth wise, it is really peanuts to him.....believe me, the money from students is not why he is doing his trainings.

I laughed so hard at this it left me gasping for breath. I'm sure you are a very wealthy guy Daniel, and I'm sure you're smart enough to plonk on the sharemarket, but from whence did this wealth accumulate?

Robert Kiyosaki often brags about his (un-named) business ventures, but a little digging reveals that these ventures are none other than his seminar etc business. His "business" is none other than what the sucker just paid to go and listen to.

I would stake money that your main income is the seminar business Daniel!

One $4000 suc.... er I mean "student" might be insignificant, but a room full of them, several times a year, plus add-ons, data, "advanced" courses etc, adds up to a significant amount of money over time.

I also question people who think they know it all and you do not need further training after x number of years in some field. It is that attitude that keeps you mediocre and lacking financially.

I think you would find that after x number of years in the field, some of the other respected options experts would be sought. PP is to suck in innocents and noooobs.

On the subject of which... There is a feeling of either tall poppy syndrome or even jealousy as I read through some of these posts.... The fact is Daniel is passionate, therefore very knowledgeable about his passion of making money through trading and has therefore a goldmine of information to share...Why should not he get paid well and charge well for it? Good on him I say!

Clearly, your passion is making money through promoting trading seminars. The goldmine of information is in observing the marketing. Kudos there. (Mind you this post you left was a bit too transparent IMO)

The actual trading information is basic, selective, incomplete and IMO, dangerous because of omissions.

Did you know in the energetics of the energy centers of the body, the base energy centre corresponds to survival/ money issues and abundance. And when people are jealous of anothers success and wealth, the jealous persons base energy centre shrinks and therefore attracts less abundance. And in turn if you are happy for someones wealth and abundance, your base centre expands massively and you end up attracting more money. Daniel is smart and uses a classic law of energy and wishes for everyone to be wealthy, actually does something about it and he gets lots of the same in return!

More disingenuous marketing blurb... psychobabble.

A lot of the posts were also cynical and critical... Look no one is perfect, if Daniel is not forthright in saying ' hey, I deserve to get paid really well for this info because I have lived and breathed this stuff for nearly 20 years now and I think that is the value of what I am giving you here', if he fumbles and feels he has to justify and says, ' hey it costs lots to put this on ' forgive him.

Why should we? IMO the cynicism and critique is well deserved.

No big deal. I know for a fact he has gotten his returns accredited/ proved by an accountancy firm. It is serious/ legit.

Easy one Daniel. Let's see it. Show the world continuous audited returns from say... Jan 2007 til now.

I know he has retired twice now only to get bored, etc. I know for a fact he made $1.4 million in one go on the markets not too long ago thanks to his incredible knowledge of the interconnectedness of the worlds happenings... He knows his stuff...

Nobody is questioning that you have made money. I'm quite sure you've made boxes of the stuff and have it lying around the house, but anyone with half a brain would understand the likely source of that wealth is not from trading your "system", it is from selling seminars, just like Kiyosaki, and others in the "wealth creation industry".

BTW, the claim of $1.4mil can only be hearsay unless verified. Hey I made twice that in one go. (And you'd be right in doubting that unless I could prove it).

Whoever was put off by the cynicism and critical minds who posted things in this thread...

Daniel, it really is cheeky to use the forum to try to get free advertising and then bag the membership who happen to know a thing or two. Mazzatelli for example is a professional in the field and would know more that the lot of us put together.

you have missed out because you failed to trust yourself and your initial instinct to be trained by Daniel.... Crazy I say... Trust yourself ...do not listen to other peoples cynicism and critical, down putting thinking. Sign up again. And do thenext 2 courses after the 1st. If you do not believe in yourself and your ability to make lots of money in the near future enough to invest 10 grand ( less really) in further education, if you cannot put your money where your self belief mouth is, then you have a very poor self worth which will keep you poor.

Classic salesmanship, going for the close, asking for the order, plus more psychobabble.

How many folks after forking out 10k are long term profitable?

How many are still trading your system after 2 years?

Answers will need verification.

Thanks for listening

Thanks for the entertainment.

 

[Ruby]

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

Thanks for listening

Jaan - How long have you been working for Daniel K.? I can see you are still vey inexperienced as a sales person. You are not nearly subtle enough........ or persuasive, or convincing. You haven't got me salivating and begging for more. Never mind, with more training and lots of practice you may improve. Come back in a few years.

 

[mrsclark]

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

I first saw Daniel Kertcher in 2006 do a presentation about CFD's and signed up for his course which myself, my husband and two teenage children completed in 2007. We messed around for a while, paper trading, looking at CFD's, options (except I could never really get the hang of the Spectrum Live Options Platform) etc etc. Made a little, lost a little, kind of did a bit, stopped, started again, went and saw Daniel again etc etc.

However our interest never waned. Daniel's course was like a small flame which sparked a bigger fire. Our interest in the potential grew. Our trading continued as did our mistakes and learning.

To cut a long story short, last year my husband and I made over 500k using Forex trading strategies based on Daniel's courses. And this was without really trying too hard.

We havent traded for a few months because we are busy with a couple of businesses we have. However we will trade again when those settle down again.

Our continued education is thanks to Daniel. We outlaid the (back then) initial $4000.00odd plus a few bits and pieces we didnt really need. We also did a lot of trading, experimenting and made a lot of mistakes.

Daniel is a great catalyst for change and we found him to be both genuine and generous.

It is really up to you because there is no quick fix or get rich quick scheme - just investment of time and your own dedication with the help of some useful information.

 

[wayneL]

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

So mrsclark, the reader must ask themselves - Why would someone making purportedly $500k a year suddenly pop up with their first post on a PP spam thread?

Why, to spam of course.

Further, why would you stop working a $10,000 per week business?

Sorry, your post looks, walks and smells like a duck. Ergo, it's a duck.

 

[Garpal Gumnut]

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

I am most surprised by the unfair treatment of David Kertcher, it must be hurtful to his mum to hear him discussed in these terms.

I, due to a serious allergy to sitting in seminars with poor people and mugs and bull****ters have never been to any of his ministerings, I come out in itchy hives.

However, a contact of mine in Nigeria, Chief OWOYEMI, not to be confused with his niece Grace Bhagwan OWEOYEMI, who lost her whole family in a revolution in Burkino Faso, has sent me the following.

MY NAME IS CHIEF OWOYEMI FORMER MANAGING DIRECTOR OF WEMA BANK LAGOS NIGERIA WHO HAVE JUST BEING RETIRED AFTER SERVING THE MANDATORY 35 YEARS IN ACTIVE SERVICE AND PERSONALLY GROSSING A TOTAL FUND PORTFOLIO OF ABOUT 450 MILLION DOLLARS FOR MYSELF DURING MY TENURE AS THE BANKS CHIEF EXECUTIVE,
AND FOLLOWING THE CURRENT COLLAPSE OF MAJOR BANKS GLOBALLY; WHICH HAS NOW LED TO EVERY SUPER POWER COUNTRY TO NOW ATTEMPT TO NOW WANT TO SAVALGE THEIR MAJOR FINANCIAL INSTITUTIONS IN A BID TO SAVE THEM FROM EMMINENT TOTAL COLLAPSE I AM NOW WORRIED HOW AND WHERE TO INVEST THIS FUND TO AVOID A SITUATION WHERE IT MAY END UP BEING TRAPPED IN ONE OF THIS BANKS E.G A,I.G; J,P MORGAN
I HAVE THEIRFORE ASKED HON LORD KITCHENER MP WESTMINISTER PARLEMENT LONDON TO ACT AS MY BROKER TO SOURCE FOR A RELIABLE AND CAPABLE HAND WHO WILL ARRANGE TO RECEIVE THIS MONEY FOR IMMEDIATE INVESTMENT INTO A PROFITABLE VENTURE ABROAD,UPON CONFIRMATION I WILLTHEN FACILITATE THE FUND MOVEMENT AS SOON AS POSSIBLE;
LOOKING FORWARD TO A FRUITFUL BUSINESS RELATIONSHIP AS I LOOK FORWARD TO SEEING YOU SOON
BE ASSURED OF MY VERY WARM REGARDS
CHIEF OWOYEMI

I would be willing to provide Chief OWOYEMI's details to forum members who suffer similar allergies as I, or who are unable to afford the calamine lotion, which would be an extra expense should I attend his seminar.

I feel CHIEF OWOYEMI would provide a better path to wealth than David.

Then that is just my opinion


gg

 

[mazzatelli]

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

...signed up for his course which myself, my husband and two teenage children completed in 2007.

We messed around for a while, paper trading, looking at CFD's, options (except I could never really get the hang of the Spectrum Live Options Platform) etc etc. Made a little, lost a little, kind of did a bit, stopped, started again, went and saw Daniel again etc etc.

To cut a long story short, last year my husband and I made over 500k using Forex trading strategies based on Daniel's courses. And this was without really trying too hard.

We havent traded for a few months because we are busy with a couple of businesses we have. However we will trade again when those settle down again.

Are we going to get these bs testimonials on a weekly basis?