Platinum Pursuits

[moneydreamer]

Anyone got any views on their courses or who have done a course?

[white_rabit]

Yeah, I went to one of their day trading seminars to learn about US options with a couple of mates. I didn't have the capital to start up but my mates bought the software and they are trading with a bit of success. It was interesting but nothing extraordinary.

[The Barbarian Investor]

*Bump*

Anyone with any insights?

[wayneL]

*Bump*

Anyone with any insights?

Their salemanship is Grade A

Their information is Grade D

[The Barbarian Investor]

Thanks Wayne

[Fugazi]

I've just been lent one of their DVD sets, watched about the first hour so far. Things that immediately spring to mind:

Nothing is as easy as this guy is making out (so far anyway), where's the catch?

I have almost no experience trading shares yet, surely it's a bit of an ask that I'm supposed to walk away from my TV after a few hours with a workable/profitable understanding of derivatives of any kind.

Can I trust anything said by someone with that haircut.

The one statement that did catch my interest was this:
The best market to trade in Australia is the US market. You place your orders/stops while the market is closed, and you sleep while the market is open, therefore you are unlikely to be influenced by emotion/reaction.

That actually made sense to me, but is it practical?

[ryoohki]

Any feedback? PP deals with CFD's and its leverage? He has courses next weekend but is it worth 3.5k?

[wayneL]

Any feedback? PP deals with CFD's and its leverage? He has courses next weekend but is it worth 3.5k?
Nope, unless you want to observe marketing and NLP etc at work, but 3.5k is too much when you can observe it in marketing various products every day.:2twocents

[Wysiwyg]

Nope, unless you want to observe marketing and NLP etc at work, but 3.5k is too much when you can observe it in marketing various products every day.:2twocents

wayneL, NLP......Is that Neuro Linguistic Programming?

[wayneL]

wayneL, NLP......Is that Neuro Linguistic Programming?
Yep.

[ryoohki]

Anyone had good experiences with PP's cfd trading strategies?

[wayneL]

Some people make money playing roulette. :) ;)

[vinny]

Hi All,
I just wanted to know if anyone has attended the Platinum Pursuits 3 days course. Is it good vaule for $?

[wayneL]

Hi All,
I just wanted to know if anyone has attended the Platinum Pursuits 3 days course. Is it good vaule for $?
For what you pay, it is very poor value.

Buy "Options as a Strategic Investment (http://www.******************/default.asp?d=0&t=1&id=4369&c=0&a=74)" for ~$100. It will teach you far more than PP and let you see if options trading is for you.

[Timmy]

For what you pay, it is very poor value.

Buy "Options as a Strategic Investment (http://www.******************/default.asp?d=0&t=1&id=4369&c=0&a=74)" for ~$100. It will teach you far more than PP and let you see if options trading is for you.

It is easy to assess if it good value for money, request the trading results of the instructors and the graduates, the actual brokerage accounts, audited if possible.

To save time just do what wayneL said.

"The New Options Advantage: is also very good, bit old now but the principles don't change.

[kam75]

I've dealt with Platinum Pursuits and Daniel Kertcher about 4 years ago and bought his 'writing covered calls program'. This course, and his other Option Trading Courses which I obtained later through a friend are just regurgitated material being re-packaged and sold for thousands of dollars to the unwary.

But the real dangers lie in the trading strategies he presents, all which proved to be bogus and lost us money.

For anyone out there, expecially the newbies, please, please be careful dealing with any company that promises to teach you how to make money in the stockmarket, for an upfront fee. There are many others to stay away from that I wish I could name here.

My advice to anyone wanting to learn what it takes to succeed trading the stockmarket is to save your money for trading, and read a handful of books by reputable authors. You may want to start with Reminiscences of a Stock Operator, by Edwin Le Fevre, and How I made 2 Million Dollars in the Stockmarket by the master himself, Nicolas Darvas.

Alternatively, visit Google.com for sharesmadeeasy. A free trader's blog that may just show you what others charge 1000's of dollars for.

[rexilla99]

Hi,

I was wondering if any members have either been to one of his 3 day seminar on CFD's or even use his CFD strategy where he also has Put option used as a capital protection?

[evilslug]

Hi,

I was wondering if any members have either been to one of his 3 day seminar on CFD's or even use his CFD strategy where he also has Put option used as a capital protection?

Yeah anyone got an opinion on this?

[IFocus]

Hi,

I was wondering if any members have either been to one of his 3 day seminar on CFD's or even use his CFD strategy where he also has Put option used as a capital protection?

Yeah anyone got an opinion on this?

My opinion is that the seminars are un-believably over priced and after completion you are very unlikely to make consistent profits in the market but you will how ever feel really good after completing the seminar.

Ideally if you want an education in markets find some one who has actually traded full time for 15 plus years

Also do a Google for DK of PP

[agupta]

G'Day Everyone,

I have recently registered for Platinum Pursuits 3 day seminar to learn Options/CFDs/Covered Calls etc. I have never traded shares in my life and was motivated to attend the course after 2 hour marketing seminar by Daniel Kertcher.

Has anybody in this forum attend this course and can share their experience. I have paid AUD 6,990 and it comes with 100% money back guarantee. Is it really worth it?

I will really appreciate your response as the course starts tomorrow ie 8th Nov 2008.

Thanks, Anshul

[mazzatelli1000]

G'Day Everyone,

I have recently registered for Platinum Pursuits 3 day seminar to learn Options/CFDs/Covered Calls etc. I have never traded shares in my life and was motivated to attend the course after 2 hour marketing seminar by Daniel Kertcher.

Has anybody in this forum attend this course and can share their experience. I have paid AUD 6,990 and it comes with 100% money back guarantee. Is it really worth it?

I will really appreciate your response as the course starts tomorrow ie 8th Nov 2008.

Thanks, Anshul

Ask for your money back

The guy is a con. You could buy 3 - 4 books which would provide better content

[agupta]

Ask for your money back

The guy is a con. You could buy 3 - 4 books which would provide better content

Have you done the course and had a bad experience implementing his strategies?

Regards, Anshul

[mazzatelli1000]

Have you done the course and had a bad experience implementing his strategies?

Regards, Anshul

Never done his course

The returns he states are astronomical and difficult to MAINTAIN on a consistent basis

if you have read earlier posts particularly of WayneL etc who have traded options for many years now, the general theme is that this course costs too much for what it offers.

[kam75]

Ask for your money back

The guy is a con. You could buy 3 - 4 books which would provide better content

Indeed you would do much better studying a few books. Stay away from the spruiker.

[richAndre]

I watched the platinum pursuits dvd and listened to daniel kertchers cfd with married puts for downside protection strategy. This strategy seems really great the way he explains it: you have great upside, with downside protection (from additional puts). On the DVD he uses a microsoft trade example. However, the problem is though, the cost of his puts with a 5 month expiration are only around
5% of the share price, which to me seems rather cheap. Furthermore, the trade was done after an announcement in which the share price dropped substantially which means with the additional volatility the puts should be rather expensive.

So to me the put options should be much more expensive than what there are in the DVD example, which if they are, wouldn't make the strategy all that great because the break even point would be way to high.

Has anybody else watched the DVD and noticed this?

cheers

Andre

[wayneL]

I watched the platinum pursuits dvd and listened to daniel kertchers cfd with married puts for downside protection strategy. This strategy seems really great the way he explains it: you have great upside, with downside protection (from additional puts). On the DVD he uses a microsoft trade example. However, the problem is though, the cost of his puts with a 5 month expiration are only around
5% of the share price, which to me seems rather cheap. Furthermore, the trade was done after an announcement in which the share price dropped substantially which means with the additional volatility the puts should be rather expensive.

So to me the put options should be much more expensive than what there are in the DVD example, which if they are, wouldn't make the strategy all that great because the break even point would be way to high.

Has anybody else watched the DVD and noticed this?

cheers

Andre

Just noticed your post Andre.

The CFD + married put idea really shows a lack of understanding of option synthetics. This is understandable from an option neophyte or perhaps an intermediate option trader, but this is unforgiveable from someone charging $$$$$$$$$$$$$$$$ for a course.

Basically, the synthetic relationship is that long stock (or CFD derivative thereof) + put = long call of the same strike and expiry.

Therefore by buying a cfd and a put, you are incurring two sets of commissions and maintaining two separate account, when you only need one commission and one account.

eg

Long BHP CFD + long $30 March put,

is the same as:

Long $30 Long Call

The only difference is how and when cost of carry is paid for... a minor consideration.

On the subject of Implied Volatility in the DVD, you are dead right to question, and be suspicious of his example, but without seeing the specifics, it's impossible to comment.

[kam75]

I watched the platinum pursuits dvd and listened to daniel kertchers cfd with married puts for downside protection strategy. This strategy seems really great the way he explains it: you have great upside, with downside protection (from additional puts). On the DVD he uses a microsoft trade example. However, the problem is though, the cost of his puts with a 5 month expiration are only around
5% of the share price, which to me seems rather cheap. Furthermore, the trade was done after an announcement in which the share price dropped substantially which means with the additional volatility the puts should be rather expensive.

So to me the put options should be much more expensive than what there are in the DVD example, which if they are, wouldn't make the strategy all that great because the break even point would be way to high.

Has anybody else watched the DVD and noticed this?

cheers

Andre

I've have all his courses on option trading and writing covered calls. It's total, and I mean complete rubbish. For newbies, its downright dangerous. His trading system for options is completely flawed. It's funny to see how the guy contradicts himself a number of times throughout the DVDs, and at the end questions himself whether or not you really need to buy the long term protective Put. You will find much more useful information if you buy ANY $39.95 book at Dymmocks.
cheers

[ausgate1]

Guys, dont throw the baby out with the bath water, Ive been trading options since 1992 and have been to many seminars and read many books, most were crap and like most people I lost money, an embarrassing amount of money. I now average 5 - 8% profit per month selling covered calls on the US market. My advice is get educated in writing covered calls, open up a virtual a/c and do a few months of virtual trading before taking the plunge. If a seminar or DVD encourages you to trade and you lose your money then its a scam if you start developing a strategy that replaces your income in a couple of years then its a legend. I learned my strategy through trial and a lot of error.

[mazzatelli1000]

Guys, dont throw the baby out with the bath water, Ive been trading options since 1992 and have been to many seminars and read many books, most were crap and like most people I lost money, an embarrassing amount of money. I now average 5 - 8% profit per month selling covered calls on the US market. My advice is get educated in writing covered calls, open up a virtual a/c and do a few months of virtual trading before taking the plunge. If a seminar or DVD encourages you to trade and you lose your money then its a scam if you start developing a strategy that replaces your income in a couple of years then its a legend. I learned my strategy through trial and a lot of error.

Yes I see derivative trading desks around the world introducing PP to their staff. Hedge Funds should refer to this as an undiscovered gem :rolleyes:

[mazzatelli1000]

Daniel Kertcher and questionable accreditation (http://www.whichmoneyadvisor.com.au/index.php/Daniel%20Kertcher%20ABC%20TV%207.30%20Report)

Kertcher's mates and ASIC - Jamie Mcintyre and Bill Stacey (http://www.fido.asic.gov.au/asic/asic.nsf/byheadline/05-85+ASIC+action+stops+further+promotion+of+wealth+c reation+seminars?openDocument)

For any future viewers of this thread performing their due diligence

[wayneL]

Daniel Kertcher and questionable accreditation (http://www.whichmoneyadvisor.com.au/index.php/Daniel%20Kertcher%20ABC%20TV%207.30%20Report)

Kertcher's mates and ASIC - Jamie Mcintyre and Bill Stacey (http://www.fido.asic.gov.au/asic/asic.nsf/byheadline/05-85+ASIC+action+stops+further+promotion+of+wealth+c reation+seminars?openDocument)

For any future viewers of this thread performing their due diligence

Well you have to give our little ex-welder friend points for outright gall for his offering. Just for gall mind you, not for content. :sly:

Unbelievable.

[aussiebbs]

I went to his seminor last night. He is a very smooth speaker, very encouraging. That's the only thing I learned from him. I didn't buy his course. I believe there is no short cut to make so much money. I bought a book from him. If he is that rich, he should give it to me instead. It is a shame to see so many people sign up his course after the seminor. A lot of them even don't know how to use computer properly. You can tell they got brain washed after his speech.

[kam75]

I went to his seminor last night. I didn't buy his course.

You did well not to become involved with this spruiker.

[foundation]

Hi All,

Went recently to a 2 hour seminar run by Platinum Pursuits Daniel Kertcher outfit and and got talking to a guy there. He showed me some scary stuff about them because he was there with a gripe. He joined them a few years ago without much success after spending thousands on courses.

He showed me a copy of their Members Daily Report from the 8th June where they 'boast' getting a 12.62% return on their portfolio that they teach you compared to the S&P 500 return of 25.09% return, both since January 2009. So he was telling me why would you pay thousands of dollars to learn their 'protection' strategies and so on , where you could just buy the index and do better? And pay a lot less brokerage fees and time. What do others think - is this guy just a loser or is he right?

I then went to their website homepage, and because I know a bit about keywords on webpages and SEO stuff - If you go to their home page and select View..Source.. you see in the keyword tag one of them they quote is 'daniel kertcher scam'. Now usually a company wants traffic and spend lots of time picking the best keyword phrases to attract people to their site. So I am wondering why they would put that in - do they think a lot of people are searching in google for this keyword phrase? Maybe it tells me what they think of themselves - or am i just being paranoid?

Would apprecaiate anybody else's comments or experiences before I spend more time looking into them. They also changed their product range from Platinum Pursuits to, TradeAbility, and TradeAbility Pro, and tradingseminars.com.au. That also scares me why they change. What was wrong with their original name because it has been around for years hasn't it?

Anybody recommend anybody else I can get good education of derivatives trading.

Cheers
Margaret

[Dannyboy80]

G'Day Everyone,

I have recently registered for Platinum Pursuits 3 day seminar to learn Options/CFDs/Covered Calls etc. I have never traded shares in my life and was motivated to attend the course after 2 hour marketing seminar by Daniel Kertcher.

Has anybody in this forum attend this course and can share their experience. I have paid AUD 6,990 and it comes with 100% money back guarantee. Is it really worth it?

I will really appreciate your response as the course starts tomorrow ie 8th Nov 2008.

Thanks, Anshul

Are you crazy?!? Please read above posts! ADMIN, please close/shut down this thread. Obvious that trolls are coming in from "Ketcher" affiliates. $6990 for a course, WTF?!? AMWAY advertising will be next.

[jezzymoo]

- Daniel is a GREAT salesman...

That is all.:banghead:

[Coach B]

I have heard him speak as well and he has his patter down pretty well.

There are a number of give aways as to the lack of depth of knowledge.

He is inconsistent in how his CFD program works. eg Early in the presentation he is proposing puts as the key risk management tool and then 20 ominutes later he is recommending guaranteed stop loss..WTF!

Then he says he trades purely on line and then he says when you are talking to your broker to place the trade?

Also conveniently forgets to include any discussion about margin or margin calls....

Nice guy.....but.