Trading Pursuits

[Gunslinger]

Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

Did you read this?

Seriously, we don't mind helping out but don't you feel in the slightest bit rediculous asking to be spoonfed information which is literally on the same page with the same title?

https://www.aussiestockforums.com/forums/showthread.php?t=21516

This I think is a very valuable thread as it explains very well the details of the strategy.
Get them to have a read of at least the OP's thoughts since he's gone through the actual course.
Given this, are they in a position to make decent money out of it and do they have the willpower to follow the rules effectively to make it successfull?

Also,

Thanks a lot for the replies everyone.
...So it looks like I'm going to have to fork out $4k and try to expose this thing for what it is. ...

I personally wouldnt bother as they already see you as being negative and would be expecting you to come out of it espousing the wonders and recanting your earlier doubts. When/if you don't, they'll just put it down as you going in with a closed and negative frame of mind just to prove them wrong.



Good luck either way.
JB

 

[Gillc10]

Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

Did you read this?


This I think is a very valuable thread as it explains very well the details of the strategy.
Get them to have a read of at least the OP's thoughts since he's gone through the actual course.
Given this, are they in a position to make decent money out of it and do they have the willpower to follow the rules effectively to make it successfull?

Yes read this. Was good information. I am compiling a report for them with that information. Also trying to better present the risks of using covered calls. I'll get hold of the training materials to work out how their CFD covered call strategy works.

My honest opinion is they should not be trading derivatives. They are great people who have their own strengths.. but they can't seem to grasp the fundamentals derivative trading so they goto these courses because the presenters make things simple.

I personally wouldnt bother as they already see you as being negative and would be expecting you to come out of it espousing the wonders and recanting your earlier doubts. When/if you don't, they'll just put it down as you going in with a closed and negative frame of mind just to prove them wrong.



Good luck either way.
JB

I think your very right.. can definitely see them saying I'm not open minded.. They are already saying i'm too closed minded for dismissing this thing without going to the course

 

[Gillc10]

Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

Doing the course with them, as a last resort, might be a good idea. It would give you more leverage with your parents at a later date if you know what they are talking about, and they cannot accuse you of not knowing what you are saying.

You could arm yourself with a lot of sticky questions to ask Kertcher, and it may even help you in your own career to know first hand what fraudulent crap is being peddled by these people and others like them.

Once you have proof of what is going on you could even lodge a complaint with ASIC. They will not move unless a complaint is made.

If you want to learn something about options beforehand, the ASX website has some good information - and it's free! Good luck!

Ruby, appreciate all the advice. Has given me a lot to think about!

I can't see ASIC stepping in.. as long as they are qualified (my understanding is its not difficult at all to achieve this) and provide the necessary disclaimers (which as far as I can see they are) then its hard to say what they are doing is blatantly fraudulent.

 

[Ruby]

Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

I can't see ASIC stepping in.. as long as they are qualified (my understanding is its not difficult at all to achieve this) and provide the necessary disclaimers (which as far as I can see they are) then its hard to say what they are doing is blatantly fraudulent.

You are correct, unfortunately. ASIC is a bit of a paper tiger and these people - along with all their crooked friends on the GC - know it. They just drive their Astin Martins and thumb their noses at us!