Lifestyle Trader

[IFocus]

Is any experienced trader using Daniel Kertcher's system

Short answer is No

Google his name...........

My suggestion would be Nick Radge at the Chartist or Gary Stone at ShareFinder

I use Nicks service and can vouch for him and only ever heard good things about Gary Stone

 

[Mountain Woman]

Hi,

I bought a copy if this software last year in September (2006).
I am happy to share my 2 cents with you all on this package.

First of all, I am a property investor/trader and I don't know much about Forex etc. Although I have had some experience paper trading options previously I am not no master in trading at all. As we all know, the property market has been booming way beyond it's actual value, we (my partner and I) started looking into other ways of investing. We came across this product through a "friend" of ours, who claimed that he has been using is and he worked for him. But later on we found out that he was promoting the product on behalf of Lifestyle Traders. (He was paid by Lifestyle Trader to attend all these seminars and tell people how much success he has with the software etc)

Well, I am a Business Systems Analyst by trade. I build software systems for companies. From a BSA's point of view, normally a software system is built to simplify things, in the case of this ARLT package, it is to simplify your trading as per claimed by Lifestyle Trader that no more technical analysis etc, i.e. you should be able to trade by the signals and make money.

Just a general observation, the entry signals generated by this software are often way too late while the exist signals appear way too late as well, therefore it is very difficult to capture the profits. First month into my paper trading, I did not trade every single signal as per stipulated in the money back guarantee (because in the seminar we were instructed to trade with a money management system) and I was a few thousand dollars in red. This is when I thought I should go by the money back guarantee and trade every signal generated by the software. (you probably found out by now that the software only displays 4 - 6 weeks worth of data)

Anyway, I went back to trade every signal generated by the software. My findings are:

• The first month of trading every signal I lost US$50,000 on paper

• 2 months into trading every signal generated by the software, I lost US$200,000 at one stage. But the market did come back up somehow.

• 3 months into trading every signal, I lost ~ US$70,000 on paper

I used this as my baseline and I also tried trading with stop loss (only for 2 months though), however, the results did not seem to produce any paper profit either.

In the end, we had to resort to the money back guarantee and ask for our money back.

When we submitted our results to Lifestyle Traders, they refused to communicate with us, so we had to go to the Dept of Fair Trading and they even refused to talk to the Fair Trading representatives. In the end, we had to take them to the Small Claim Court (as per suggested by Fair Trading).

Good news is, Lifestyle Trader have been ordered to give us our money back.

Lifestyle Trader is very difficult to deal with... we are now helping a couple of people to get their money back as well.

I hope this helps.

investa

Hi Investa,

I too have purchased this program and am so annoyed at it's promises but lack of follow through , can you please guide me and another sucker through the refund process please.
You can contact me direct if it suits you to do so.
anneo_b@yahoo.com.au any help you can give is greatly appreciated, thanks so very much, I can put the money outlayed to very good use for our four children rather than Aussie Rob, what a total waste of a lot of time & money, neither of which we could afford to waste/lose!!

Cheers Mountain Woman!!

 

[Mountain Woman]

I am happy to supply my results from paper trading using the Aussie Robber product for all forumites to view.

Also I am happy to supply the CTTT's (Consumer Trader, Tenancy Tribunal) decision on my case against Aussie Robber's representatives.

investa

Hi INVESTA,

Yes please I would just love to see the CTTT's decision on your case, it may give me and others the ammo we need to follow through on our refund decisions! I will keenly await any help you can give us!!

Cheers Mountain Woman

 

[Trembling Hand]

Hi Mountain Woman. That sucks that you have wasted money and time on this scam. At any time did you see REAL results. That is Broker statements or LIVE trades?

Its with great sadness every day to see 10 or more hits to my blog from Google searches for "Aussie rob lifestyle trader scam ".

Still find it hard to believe that such rubbish can be pedaled out without ever supplying anything more than hindsight trades and theoretical executions. I get so many hits I have moved up to second in Google rankings after this thread and third with the scam left out of the search. In spite of Aussie Robbers efforts to fill and clean the Google searches with his own crap.

 

[Mountain Woman]

Hi Mountain Woman. That sucks that you have wasted money and time on this scam. At any time did you see REAL results. That is Broker statements or LIVE trades?

Its with great sadness every day to see 10 or more hits to my blog from Google searches for "Aussie rob lifestyle trader scam ".

Still find it hard to believe that such rubbish can be pedaled out without ever supplying anything more than hindsight trades and theoretical executions. I get so many hits I have moved up to second in Google rankings after this thread and third with the scam left out of the search. In spite of Aussie Robbers efforts to fill and clean the Google searches with his own crap.

Hi Ya Trembling Hand!

NO not ever at any time did we see any live trade or any Broker Statments!!
We were shown charts(with the signals) and spread sheets which the Licencee did some magic with, because it was all so new to us we were like lambs to the slaughter!! Literally!! We asked to see the L'cee's proof that it works, but no that was not appropriate! We were told we needed no prior knowledge or skill with trading and "it's so easy when you know how!"
Well almost 12 months later I still don't know how!! We were also told we "Did not need any computer skills, just be able to turn on a P.C." --- ---that is absolute bulldust as it is quite complex to manage and don't even get me started on the damn platform, now that is just greek to me! I did the online sessions/lessons and came away even more confused than before, lessons and reality are poles apart!! A lot of conflicting advise from sessions as to how to place trades!
I am looking for someone/anyone to prove to me that this program works i.e show me some real trades - not paper trades, that are for real!! I continually got rotten results from the charts/signlas, almost as if they are too late!!

Ok I'll get off my box now!

Cheers

Mountain Woman!

 

[Mountain Woman]

Dont close off this thread it is the only one that returns when you search for this rogue - btw yes we are suckers we brought it and he deserves to go down promoting this to computer illiterate seniors at retirement expos then giving them nothing for their money. Latest newsletter promotes them using their super to fund the losing lifestyle.

We were not after a quick money making venture it is promoted as a business with all expenses tax deductible (thats how he gets people to part with lots of their money) and a home study course to teach you how to trade topped off with a brightly coloured flower to attract the bees fully.....yes we got sucked in, and we are middle aged. The poor older people who feel like fools are not going to say anything are they.

COLOR="Red"]Anyone in the same boat contact me and we will work on a scheme.[/COLOR][/COLOR]

Have done the paper trading, virtual trading and are now live and losing.

I searched for everything in google, got nothing except for sites promoting
it. To help others get here the words I used were Options Made Easy, Aussie Rob's Lifestyle Trader, Aussie Rob, Rob Wilson, Options Simplicity.

Go on register it is not hard to do others need to hear what you have to say.

His latest spiel is on his website it goes something like ... he is an entrepeneur (aka take ya money and run) he was also extremely busy helping others on a financial message board (why then is there not something where other purchasers of his package can talk amongst themselves - it would appear as if he does not want us to compare stories)

Hi Ya just Lil ol me!!

How I wish I found all these comments/threads about Lifestyle trader before I blew our hard earned money on the ARLT program!! We were told it is so easy it's laughable!! Well we are not laughing and did not find it easy! I am not the village idiot but certainly feel like it now! It should not be sold as a simple easy to use product!
We followed all the rules and were confused as the rules on paper don't work in reality! The computer lab for another cool $700 plus, for each of us, was a total waste of our time/money as we were promised that we walk out knowiing how to confidently place live trades on the platform after the hands on lessons in the LAB...didn't happen, we just sat & listened to options 2 days, commodities and forex day 3 and a few silly games of best forex trader in class, what a load of rubbish. We feel we have been badly mislead with false advertising and the glib lies of how easy it is, when you ahe the right tools, MATE I know how the tools are!! The ones falsey promoting this product to peoplea as such a simple product to use, DO NOT BUY THIS PRODUCT!!!

 

[wayneL]

Added to all that is said above, a lot of the futures contracts have become rather too large for a beginner to trade.

Nooobs should be using the scalability of shares to control position size.

 

[juw177]

The most fundamental thing to learn about trading is to not to make decisions based on emotion, much of which stems from the fear of missing out on making money. Ironicly, the selling tactics used by these scam artists relies on this emotional response.

 

[Mountain Woman]

Hi Investa,

I too have purchased this program and am so annoyed at it's promises but lack of follow through , can you please guide me and another sucker through the refund process please.
You can contact me direct if it suits you to do so.
anneo_b@yahoo.com.au any help you can give is greatly appreciated, thanks so very much, I can put the money outlayed to very good use for our four children rather than Aussie Rob, what a total waste of a lot of time & money, neither of which we could afford to waste/lose!!

Cheers Mountain Woman!!

Hello INVESTA,

I am desperate for you to contact me and several other disgruntled buyers of the Aussie Rob Lifestyle trader in regard to your success with an ARLT refund.

I asked for a refund 16 weeks after purchasing the product and was told by the Licencee we purchased it from that "No there will be no refund given, ARLT does all that is promises it will do for those who are 100% commited"
So what does that make me not committed to losing even more money??

She said "keep on trying and just paper trade for a few more months until you are more comfortable/relaxed with it all!! Yep that means more data feed money each month@ $129.90 a month!!

Can anyone advise us where to go and what to do, apart from Office of Fair Trading?? any helpful suggestions welcome!!

Mountain Woman

 

[Sean K]

Golly, this is concerning.

Does the fine print cover them?

Need some law geeks to look into this I feel.

Good luck.

 

[Trembling Hand]

Hello INVESTA,

I am desperate for you to contact me and several other disgruntled buyers of the Aussie Rob Lifestyle trader in regard to your success with an ARLT refund.

Mountain Woman,
Send Him/Her a PM or email via their members page.

 

[OnceBitten]

Wow ! What a thread. I am absolutely stunned.

About four weeks ago I attended a "workshop" by these people and to be honest it sounded like a fantastic opportunity. I have been to some of these things before and frankly they are usually just the bait to get you to take the hook. This one also had the bait but somehow seemed a little more genuine. The usual Money back guarantees and a little less hype made me stay around till the end. They claimed to have established Trading clubs around Australia that one could then join to keep up to date and maintain focus, get support etc. At the end they even told me that I could come along to one of the club meetings and talk to the members. So I did. We had a "trading presentation", you know, some techniques, success stories etc. I pulled some of their members aside privately and without exception they all said, Yep - Do it. Its the best thing since sliced bread.

I then asked the presenter why, if the system is so successful, dont they initially, give away the software with , say a 60 day limit. After that 60 days, the software locks up and you pay the fee to receive a password that will unlock it. "Surely the smart IT people that put the stuff together in the first place can do that" I asked. That would give potential clients a chance to MAKE the purchase cost of the program in the first 2 months. If it works as advertised and clients are rolling in money after two months, they'll be tripping over themselves to pay for the unlock password. "NO WAY - We're not in the business of giving away software".

Well there was NO WAY I was going to part with $7500 (plus 200 per month - the current data fee) for something that had no guarantees. That started me to search last week for more info from unbiased sources. eg google, this forum, and through this forum ASIC.

I got a call from the presenter the other day, saying that they would respect the "discounted offer" of $7500 and I could attend another of their club meetings. I told him I'd be thinking about it and would make a D this week. I'm in two minds about whether to attend the meet and challenge him, and his club members with some difficult questions.

Times are tough at the moment. Rents are outrageous, food is expensive and people are struggling. Fuel is going the roof and thats only going to drive prices even higher. When you're wondering where the next meal is coming from, its not difficult to forget common sense and talk yourself into thinking this could be THE ONE. Here is our solution. I'm no rocket scientist, but I'm no idiot either. I consider myself to be reasonably intelligent and I'm stunned by the sophistication and complexity of some of these schemes. It used to be easy to detect the Nigerian Scam or the pyramid selling scheme, but it's shameful that people will go to such lengths to rip off their fellow battlers.

In my opinion a money back guarantee should be unconditional. Whats this "we only support those who are 100% committed" crap ?

Thanks to Aussie Stock Forums and of course all the wise people here for saving us from these sharks. If I had not trawled the net to do this research I might have been caught out. Unfortunately many wont do do it and will pay the price. How can we spread the word to a more visible and public area?

Thanks again

OnceBitten

 

[Nick Radge]

The other lesson here is the cost of the data and its 'lock in clause'. One should only buy software that enables any data to feed it, such as TradeStation or Amibroker. I pay $30 per month for EOD ASX data and I can change providers anytime. The lock in at $120 is just another catch for the unwary.

 

[Mountain Woman]

Wow ! What a thread. I am absolutely stunned.

About four weeks ago I attended a "workshop" by these people and to be honest it sounded like a fantastic opportunity. I have been to some of these things before and frankly they are usually just the bait to get you to take the hook. This one also had the bait but somehow seemed a little more genuine. The usual Money back guarantees and a little less hype made me stay around till the end. They claimed to have established Trading clubs around Australia that one could then join to keep up to date and maintain focus, get support etc. At the end they even told me that I could come along to one of the club meetings and talk to the members. So I did. We had a "trading presentation", you know, some techniques, success stories etc. I pulled some of their members aside privately and without exception they all said, Yep - Do it. Its the best thing since sliced bread.

I then asked the presenter why, if the system is so successful, dont they initially, give away the software with , say a 60 day limit. After that 60 days, the software locks up and you pay the fee to receive a password that will unlock it. "Surely the smart IT people that put the stuff together in the first place can do that" I asked. That would give potential clients a chance to MAKE the purchase cost of the program in the first 2 months. If it works as advertised and clients are rolling in money after two months, they'll be tripping over themselves to pay for the unlock password. "NO WAY - We're not in the business of giving away software".

Well there was NO WAY I was going to part with $7500 (plus 200 per month - the current data fee) for something that had no guarantees. That started me to search last week for more info from unbiased sources. eg google, this forum, and through this forum ASIC.

I got a call from the presenter the other day, saying that they would respect the "discounted offer" of $7500 and I could attend another of their club meetings. I told him I'd be thinking about it and would make a D this week. I'm in two minds about whether to attend the meet and challenge him, and his club members with some difficult questions.

Times are tough at the moment. Rents are outrageous, food is expensive and people are struggling. Fuel is going the roof and thats only going to drive prices even higher. When you're wondering where the next meal is coming from, its not difficult to forget common sense and talk yourself into thinking this could be THE ONE. Here is our solution. I'm no rocket scientist, but I'm no idiot either. I consider myself to be reasonably intelligent and I'm stunned by the sophistication and complexity of some of these schemes. It used to be easy to detect the Nigerian Scam or the pyramid selling scheme, but it's shameful that people will go to such lengths to rip off their fellow battlers.

In my opinion a money back guarantee should be unconditional. Whats this "we only support those who are 100% committed" crap ?

Thanks to Aussie Stock Forums and of course all the wise people here for saving us from these sharks. If I had not trawled the net to do this research I might have been caught out. Unfortunately many wont do do it and will pay the price. How can we spread the word to a more visible and public area?

Thanks again

OnceBitten

Hi ya O.B.,

Well another one saved from the greedy clutches of you know who!Yahoo
Yep their great at putting us suckers/buyers on the back foot , with "It's all your fault!! You are not committed enough!!" Sounds like Faith Healers- it's because of your lack of faith that you are not healed!! BULLDUST. I was very committed (or should have been for buying it) and diligently studied but the results were dismal. Had an interesting E-Mail froma trading BUddy still with ARLT, she said in a group of 15 of them only two are showing results in the black!! Wow, if they are following the same charts/rules they should all be rolling in the money, honey! Hoping to find INVESTA for some further info, will keep you posted!!
Cheers
Mountain Woman.

 

[Mountain Woman]

Hi everyone , I too was about to buy this system but lucky I done some last minute research on this Aussie Rob bloke. I came accross this site and also found another site that you guys should take a look at.

1. http://new.wizetrade.com/Info/Features.aspx
2. http://www.infomercialscams.com/scams/wizetrade

The similarities speak for themselves.

Hi Ya Nizmo,

I checked out these sites you mentioned, they are describing a mob called wizetrade, it sounds very similar to ol mate Aussie Rob's formula, red line green line, what's your call on this? Is this why you said go look at them??
I am not suggesting they are one and the same,they just look a lot alike,
What do you think?? Anyone else got an opinion here?


Mountain Woman

 

[Mountain Woman]

Mountain Woman,
Send Him/Her a PM or email via their members page.

Thanks for that advise T.H. you are all so helpful, to us poor suckers who have been stung!! Keep your thread up there, well done!
I have sent a message out into the big blue, keenly anticipating a response from INVESTA!

Wow this thread just keeps growing, thanks to you all for your support,
It's pure shame that keeps those who have lost money on these rip-offs, from going out there and not seeking a refund, that's what ARLT and the like count on too!
They hope we will be so embrassed to say we couldn't understand it at all, that we will just go away with our tails between out legs and shut-up, Not this time Buddy!! I am really steamed up at them!!

M.W.

 

[Trembling Hand]

Wow this thread just keeps growing, thanks to you all for your support,
It's pure shame that keeps those who have lost money on these rip-offs, from going out there and not seeking a refund, that's what ARLT and the like count on too!

Mountain Woman
Instead of ARLT if you type out the full name "Aussie Rob Lifestyle Trader" you are giving the Google, Yahoo etc search bots better chance at indexing this thread. And therefor a better chance of getting the message out.

 

[gazelle]

I asked for a refund 16 weeks after purchasing the product and was told by the Licencee we purchased it from that "No there will be no refund given, ARLT does all that is promises it will do for those who are 100% commited"
So what does that make me not committed to losing even more money??


MW , they certainly look very suspicious and I was having a look at their 100% money back guarantee statement and it appears that you have to follow the details exactly in order to recieve a refund if you are not happy with this product . Assuming you have done the home study course , have you completed step two and practice tested this system over a few markets . it might be an idea to test thie system over a broad range of mkt conditions such as choppy mkts and trending mkts , and once you have listed everything in detail such as starting capital , risk on each trade , risk vs reward etc but follow his signals to the letter and write everything up in his propriety spreadsheet . that way you will have completed step 2 and you should be elligible for the refund , assuming you have done all of this anyway


100% MONEY BACK GUARANTEE

Step 1: Do my Home Study Course

Step 2: Practice using my Lifestyle Trader Software and track your practice trades on my Trade Trackers (Proprietary Spreadsheets that calculate your Trading Profits)

Step 3: Attend my 3 Day Hands-On Computer Lab Training Workshops

If, by completing steps 1 and 2 above and by lunch time on the 3rd day of my Hands-On Computer Lab Training, you do not feel that I have been able to teach you how to trade, I’ll give you 100% of your money back, including the datafeed! In other words, you have absolutely nothing to lose except the opportunity of changing your life!

My Promise to you is that if you are 100% committed to becoming a profitable trader and achieving total Financial Success, then my TEAM and I will be 200% committed to helping you achieve your goals.

You’re just one step away from Financial Success...

 

[foofighta]

Hi, just wanted to add my 5 cents worth and say what a great thread this is! I too was doing some last minute searches on google for ARLT before I went ahead and purchased his software. Lucky for me I came across ASF and Trembling Hands blog and was shown the light - phew!! I am so glad that the word is getting out there to stay away from these spruikers!! Keep up the good work and I look forward to reading updates of how the refund process is going.

 

[Mountain Woman]

I asked for a refund 16 weeks after purchasing the product and was told by the Licencee we purchased it from that "No there will be no refund given, ARLT does all that is promises it will do for those who are 100% commited"
So what does that make me not committed to losing even more money??


MW , they certainly look very suspicious and I was having a look at their 100% money back guarantee statement and it appears that you have to follow the details exactly in order to recieve a refund if you are not happy with this product . Assuming you have done the home study course , have you completed step two and practice tested this system over a few markets . it might be an idea to test thie system over a broad range of mkt conditions such as choppy mkts and trending mkts , and once you have listed everything in detail such as starting capital , risk on each trade , risk vs reward etc but follow his signals to the letter and write everything up in his propriety spreadsheet . that way you will have completed step 2 and you should be elligible for the refund , assuming you have done all of this anyway


100% MONEY BACK GUARANTEE

Step 1: Do my Home Study Course

Step 2: Practice using my Lifestyle Trader Software and track your practice trades on my Trade Trackers (Proprietary Spreadsheets that calculate your Trading Profits)

Step 3: Attend my 3 Day Hands-On Computer Lab Training Workshops

If, by completing steps 1 and 2 above and by lunch time on the 3rd day of my Hands-On Computer Lab Training, you do not feel that I have been able to teach you how to trade, I’ll give you 100% of your money back, including the datafeed! In other words, you have absolutely nothing to lose except the opportunity of changing your life!

My Promise to you is that if you are 100% committed to becoming a profitable trader and achieving total Financial Success, then my TEAM and I will be 200% committed to helping you achieve your goals.

You’re just one step away from Financial Success...

HI G,

Thanks for your tips, and yes to all of the steps listed above, I had spread sheets with all the relevant details in them, Then an Affiliate of this company came to my home (at my request) to help me set up the Interactive Brokers Platform simulator, she took it upon herself to wipe the Spread Sheets clean, she said all the info was a distraction for me!! I have an I.T. Boffin working on restoring that info for me now. I will need those S/Sheets for the refund process! I am amazed how many people have bought this program and just walked away from it, they are not even bothering to attempt the refund process... Who can afford to walk away from $7,000 approx??? The aforementioned affiliate now says she can no longer look anyone in the eye and sell this program with any faith! She's not even bothering to ask for a refund.. WHY WHY WHY??
Thanks everyone for your support with this, will keep you posted about the outcome, I now have several other people who wish to join me in our request for refunds!! Wish us Luck!!!

M.W.