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
Have you done the course and had a bad experience implementing his strategies?
Regards, Anshul
Ask for your money back
The guy is a con. You could buy 3 - 4 books which would provide better content
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 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
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.
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
I went to his seminor last night. I didn't buy his course.
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
- 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.
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