Platinum Pursuits

[mazzatelli1000]

Quote: Originally Posted by 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

[agupta]

Quote: Originally Posted by mazzatelli1000 Ask for your money back The guy is a con. You could buy 3 - 4 books which would provide better content

[mazzatelli1000]

Quote: Originally Posted by agupta Have you done the course and had a bad experience implementing his strategies? Regards, Anshul

[kam75]

Quote: Originally Posted by mazzatelli1000 Ask for your money back The guy is a con. You could buy 3 - 4 books which would provide better content

[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]

Quote: Originally Posted by 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

[kam75]

Quote: Originally Posted by 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

[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]

Quote: Originally Posted by 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]

Daniel Kertcher and questionable accreditation

Kertcher's mates and ASIC - Jamie Mcintyre and Bill Stacey

For any future viewers of this thread performing their due diligence

[wayneL]

Quote: Originally Posted by mazzatelli1000 Daniel Kertcher and questionable accreditation Kertcher's mates and ASIC - Jamie Mcintyre and Bill Stacey For any future viewers of this thread performing their due diligence

[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]

Quote: Originally Posted by aussiebbs I went to his seminor last night. I didn't buy his course.

[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]

Quote: Originally Posted by 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

[jezzymoo]

- Daniel is a GREAT salesman...

That is all.