Is any experienced trader using Daniel Kertcher's system
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
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 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.
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 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.
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 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.
Mountain Woman,
Send Him/Her a PM or email via their members page.
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!
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...
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