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Trading Pursuits

Discussion in 'Trading/Investing Resources' started by moneydreamer, Aug 23, 2005.

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  1. mazzatelli1000

    mazzatelli1000

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    Re: Platinum Pursuits

    Ask for your money back

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

    agupta

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    Re: Platinum Pursuits

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

    Regards, Anshul
     
  3. mazzatelli1000

    mazzatelli1000

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    Re: Platinum Pursuits

    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.
     
  4. kam75

    kam75

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    Re: Platinum Pursuits

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

    richAndre

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    Re: Platinum Pursuits

    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
     
  6. wayneL

    wayneL Rotaredom

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    Re: Platinum Pursuits

    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.
     
  7. kam75

    kam75

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    Re: Platinum Pursuits

    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
     
  8. ausgate1

    ausgate1

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    Re: Platinum Pursuits

    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.
     
  9. mazzatelli1000

    mazzatelli1000

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    Re: Platinum Pursuits

    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:
     
  10. mazzatelli1000

    mazzatelli1000

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  11. wayneL

    wayneL Rotaredom

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  12. aussiebbs

    aussiebbs

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    Re: Platinum Pursuits

    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.
     
  13. kam75

    kam75

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    Re: Platinum Pursuits

    You did well not to become involved with this spruiker.
     
  14. foundation

    foundation

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    Platinum Pursuits

    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
     
  15. DB008

    DB008

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    Re: Platinum Pursuits

    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.
     
  16. jezzymoo

    jezzymoo

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    Re: Platinum Pursuits

    - Daniel is a GREAT salesman...

    That is all.:banghead:
     
  17. Coach B

    Coach B

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    Re: Platinum Pursuits

    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.
     
  18. Gillc10

    Gillc10

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    Family addicted to schemes/spruikers - This time Platinum Pursuits

    Hi All,

    My first post here and I'm writing to ask for advice on platinum pursuits.

    My family has fallen hook line and sinker for this latest "wonder kid" get rich quick scheme, promising up a minimum of 5% per month return.

    I have read the reports on here and they have further confirmed my thinking that this strategy will not work in the long term and this Kertcher guys strategy is no where near as impressive as his sales ability.

    My numerous protests have been met with angry denial by my family who keep coming back to unimpressive figures like:

    - In the last 6months they have made 120% annualised equivalent return!!
    - My friend has been following his strategy and has made 50 winning trades in the last 12 months!!

    I have no love for a company that professes its strategy is brilliant because it worked over 6-12months in a market that has only gone up.

    PPs latest genius strategy i have been told involves some sort of leveraged covered calls strategy using guaranteed stop losses. Apparently ONLY PPs students have access to a broker who will allow the strategy.

    Can anyone help explain to me:
    - why this strategy or others arn't anywhere near as good as promised
    - What the risks are (PP have my family convinced that these strategies guarantee BIG upside with 0 risk due to guaranteed stops.. this to me is inherently impossible)
    - Any advice as to how to approach my family. They have worked for many years to achieve their very modest wealth and I don't want them squandering it on a strategy pushed by some fool with a stupid haircut.

    Please help! they are insisting I attend this course!
     
  19. sinner

    sinner

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

    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
     
  20. skc

    skc Goldmember

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

    That is a tough one.

    Aside from showing them the information on this site, probably the best is to hear from people who's lost money using the method. May be PM some of those who posted as unsatisfied customers?

    Good luck.
     
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