willie
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posted on 10-10-2006 at 11:50 PM
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Daniel Kertcher is indeed a whizz kid!
I'm seriously advising anyone who likes to find out about Daniel Kertcher 's seminar not to pay for it. You are going to waste your money and time.
I'm one of daniel's graduates some 2 and 1/2 years ago and have heard a lot from his graduates. Most of them are unhappy who has lost money with his
strategies especially options trading.
Me, I lost US$12K following his strategies in my 1st year on top of paying him AUD$8k for his course. Most of my friends and many others from
singapore whom daniel ran his seminars the entire 2 years had made him a fortune - Millions of dollars paid to his seminar but heard many of them are
unhappy. Unfortunately you only get to hear them after paying for his course, as you only get in touch through the graduate forum.
OK! Why am I saying this? As I'm one of the victim, he is selling a black box system that doesn't work and doesn't follow what american traders are
using. He initially traded Australian stock, using some simple system which he then convert the black box system to trade US Stock. Assume the system
would work. Although in his 3 day course you get to learn the fundamental of options but non of his strategies work!
The only positive feedback that I heard are those who wrote covered calls, produce some income but only those who are cash-rich to start with. So
watch out! I let you decide whether if you want to go ahead or not! But do more research before paying, he and his mom originally consider scam
property seminar seller. With his seminar background, He then pick out some good knowledge on options and start selling options seminar to create his
millions within 2 years time!
That's no proof he made his millions before he started selling seminars. It's more obvious he create a lot of good impressions so other would
attend. Pretty much that'll give you an idea where he get his millions from originally.
That's all!
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bullmarket
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posted on 11-10-2006 at 04:21 PM
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Hi willie
yep - looks like DK and his mates have been around for a while now and there are a lot more out there just like them.
Out of curiosity I googled "daniel kertcher" and it came back with quite a larger number of hits and I haven't seen a flattering one yet.
Here are 3 hits that might be some good bed time reading for anyone who might be easily persuaded or gullible enough to part with their hard earned to
spruikers..
http://www.consumer.org.nz/newsitem.asp?docid=1610&category=News&topic=Daniel%20Kertcher%20options%20trading
http://www.jenman.com.au/NewsNews1.php?id=153
http://www.abc.net.au/7.30/content/2004/s1048152.htm
cheers
bullmarket 
Please be aware that I am retired, a passive investor whose main objective is income and I am not a trader. Any views I express are based solely on my
personal circumstances and so are not to be taken as recommendations as they might not be suitable for your personal circumstances.
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avi
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posted on 2-2-2007 at 11:20 AM
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Hi everyone
those anyone have anything good to say about Daniel Kertchers seminar on CFDs. I have booked for a course in May in Auckland and am getting quite
dubious if I should attend after all the bad news I am reading on his options courses. I might have to change my mind and read a book or go to another
course.
Woudl be grateful to receive some honest and knowing comments!
Cheers
Avi
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Stuart_McPhee
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posted on 2-2-2007 at 09:18 PM
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Hi avi,
Skepticism is healthy in my opinion. I am interested - how much is the course, how long does it go for and what are the learning objectives?
I have never seen him or met him so can't make any comment - I am just curious in the above info.
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avi
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posted on 3-2-2007 at 12:05 PM
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Hi Stuart
the course goes for about $3900 AUSD. He gives courses all over Australia and also in once or twice a year in Auckland NZ. I have only seen him on
video, and he comes accross very enthusiastic and convincing. Apparently you can win or loose a lot of money with CFDs and Daniel uses puts to protect
his strategies, so he says you can make money either when shares go up or down (as this is what we can never control). It sounded like it was a good
strategy when you don't want to stress about looking at stock pirces every day.
But after reading negative press on Daniel I am bit weary now. Does he really deliver or overpromiss?...
So I would appreciate if anybody knew more about this course and peoples succes rate after attending.
Cheers
Avi
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Stuart_McPhee
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posted on 3-2-2007 at 12:32 PM
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Hi Avi,
My personal opinion only --> trading courses that run for several thousands of dollars are often not very good value for money. I am not saying
you won't learn anything - I am sure you will, but I doubt you will learn thousands of dollars worth.
My experience with some companies back in 1999 - 2001, they charged people $5000+ for courses (held over a weekend for example) and I always used to
think that the majority of these people (for the material they were receiving) would be lucky to make back their $5000 let alone any profit beyond
that. These companies in my mind take advantage of people who naturally think 'if it is worth that much money, then it must be really good -
therefore I am prepared to spend the money!'
It isn't my money, but I think it could be better spent elsewhere - eg. buy some time tested trading books (approx $300), some CFD books, ask
questions in this forum and you will probably be better off.
One of the most highly regarded educators in Australia (and beyond) is our own Mr Guppy - do you see him charging thousands of dollars for courses?
Not even close. I hope this helps.
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willie
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posted on 17-2-2007 at 07:34 PM
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Hi Avi,
Stuart has made it clear, avoid paying thousands to spruikers, the real value of knowledge I gained are from those who have traded the particular
market for many (15-20+) years, very successful and only charge few hundred dollars.
Think about this, as soon as Daniel started trading US market in 2003, he would run seminars to teach them, and that cost AUD$3990 for 3 days. I was
very convinced when I did his 3 days course as he shows us how easy it is to make money. Only to find out later many things are not quite true. Which
by the way, he only teaches the very basic concept of options, covered calls and (CFDs as today) but he drag that to 3 days.
I ended up paying another 2 advanced courses which further cost me AUD$2500 with discount. Only to find out later, those are also basic things that
should be part of 3 days course. So charging thousands of dollars and deliver so little is part of Daniel's trick to boost his income.
I'm not saying that he is a con man as he did teach you something. But do you really want to pay this guy so much money for the same stuffs that you
can get for few hundred bucks on books and/or DVD courses.
The value is not worth, because as I mentioned at my 1st post, that Daniel transfered his black box system from Aus market to trade US maket. In my
experience, we are not really using a proven system, but rather experiment his system for him. This is how i lost my money and get hit hard on the
head just like many of his graduates.
I eventually have to spend more money to pay for more courses from American Traders, only to find out that those real successful traders are teaching
the real stuffs and they don't charge much.
The reason that you may hear many criticisizms on Daniel to my knowledge that this guy is not a pure financial guru. He is very slicky, positive and
eloquence in nature. He would learn, create and sell using the seminars. Just think about his software 'sharechart' which Daniel claims the best in
the world at my time of doing his course.
That cost me $1595, and for the last 2 years, I further paid $599+$599 each year, data on both US and Aus market
All this time, I wasn't really happy with the software that i paid for. Cost so much and very limiting to almost everything. On top of that, have to
face many problems like wrong data, missing data, drawing issues, 1 hour delay, wrongly formulated indicators, others and no such thing as intraday
and realtime.
The software cost as much as metastock. Apparently metastock is highly professional software that can do many things. Sharechart is limited to almost
everything, can only use to browse the stocks just like the free tool from stockcharts.com.
I eventually switch to use Amibroker, by far the best software with best value, cost me only US$149, and I'm using free data from yahoo finance on
both US and Aus market and never look back.
Last thing to note, Daniel never participate in his graduate forum therefore you can save your breadth. This guy only come and run his seminars, any
questions he will ask you to contact his team mates and never heard of from him.
Question here-
Who would you rather pay? One who deliver many with little cost or the one who deliver little with many cost?
I hope my pass experiences and information will help you choose your decision wisely!
Regards,
Willie
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Allan
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posted on 18-2-2007 at 07:37 PM
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D.K.
Hi Willie,
Have you considered joining STANZ if a New Zealand resident or the ATAA if a Australian resident. I personally have found STANZ meetings a very good
and inexpensive way of developing my personal trading ability.
Regards Allan.
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avi
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posted on 19-2-2007 at 11:13 AM
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Hi Willie
many thanks for your long reply! I am glad to hear from someone who has done the course with all the aftermath experience. I really do think this is a
waste of money and I am glad to hear the warning signs. Sorry you had to go through all this.
I found Amibroker on the web. What books do you recommend to learn about technical analysis?
Hi Willie
many thanks for your advice for STANZ, I am definetly going ot join them.
There is so much stuff out there you can choose from for education, it is rather mind bobbling and confusing. Glad to get advice from people who have
already done it.
Has anyone of you heard from 'Safety in the Market' (Australian Educator company)? Also another one that sells software and courses with life long
membership and access to traderoom (no brokers just traders).
Cheers
Avi
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Allan
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posted on 19-2-2007 at 07:57 PM
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STANZ Auckland Branch
Hi Avi,
Stanz Auckland branch has next month, a get in free for any member who brings a friend, the friend also gets in free, normal cost $5.00 for members,
let me know if you are interested, in answer to the obvious question my friends all know about this and are to busy earning a living, and getting by
to worry about their financial futures, this also happens to me from time to time.
Allan.
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avi
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posted on 20-2-2007 at 12:02 AM
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Hi Allan
Yes definetely interested. Hope the date will suit my busy schedule.
Sorry, I addressed you as Willie in the above letter!
Let me know about the date.
Avi
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willie
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posted on 21-2-2007 at 09:36 PM
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Hi Avi,
These are the great books to read -
For australia stocks
Adaptive Analysis for Australian Stocks by Nick Radge
Every-Day Traders by Nick Radge
Charting Secrets by Louise Bedford
For US stocks
Japanese Candlestick Charting Techniques by Steve Nisons
Anyone want hear more on Daniel. You may join Nick Radge's bulletin board on reefcap.com, in one of the threads, there are experienced traders who
put out comments on him. Most of them are warnings!
Hi Allan, thanks, will have a look on ataa.com.au website.
Does anyone know what market Mr Guppy is teaching? I'm interesting to grab some of his books (the one with chart patterns) except I'm trading US
market. Would it be suitable? Thanks!
Willie
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DarylGuppy
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posted on 21-2-2007 at 11:01 PM
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I work in Australian, Singapore, China, Malaysia and Hong Kong markets. I also provide workshops in the US. For pattern trading have a look at
Snapshot Trading, or the Pattern Trading CD I prepared with Pristine in the US. We also find significant demand for Trend Trading from US traders.
Yes the techniques are suitable in these markets and are use dby amny US traders.
Cheers
Daryl
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avi
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posted on 22-2-2007 at 01:54 AM
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Comments much appreciated Willie!
Interesting books - exactly the stuff I was looking for!
Cheers
Avi
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bullmarket
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posted on 23-2-2007 at 01:04 AM
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There are many good authors out there.
I would suggest going to some book stores and/or libraries and flick through the pages of some books until you find 1 or 2 that suit your needs.
cheers
bullmarket
Please be aware that I am retired, a passive investor whose main objective is income and I am not a trader. Any views I express are based solely on my
personal circumstances and so are not to be taken as recommendations as they might not be suitable for your personal circumstances.
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willie
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posted on 1-3-2007 at 05:51 PM
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Hi Mr Guppy,
Have checked out your recommendations! Exactly it has something that I wanted, will grab the 2 books and the VCD along soon
Wondering what's the difference between getting your books from moneybags.com.au and your website? Moneybags seems to give a better offer!! Just
curious!
Last question. Do you have the book that teaches CFDs or any recommendations? I'm seeking for US market but doesn't matter if it's on Aus market as
long as the knowledge can be applied.
Willie
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DarylGuppy
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posted on 1-3-2007 at 06:32 PM
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Books from our site are personally signed.
The ebook CFD TRADING GUIDE might be useful for you.
Cheers
Daryl
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Allan
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posted on 21-5-2007 at 06:02 PM
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Hi Avi,
Tried to send a U2U about the Auckland NZ STANZ meeting, the details are,
meeting Thursday 24th May 2007
Auckland collage of Education
J2 lecture theatre
Epsom campus
74 Epsom road Epsom
Regards Allan
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stocktrader
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posted on 22-7-2008 at 03:38 AM
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Daniel Kertcher - STAY AWAY.
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.
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.
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Option Trader
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posted on 4-2-2009 at 10:55 PM
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I am new to trading, only 8 months young and have read a lot of books by a lot of people claiming they have the best strategies to make money from the
market. "Professional Options Strategies for Private Traders", "Profit with Options" etc have their benefits.
I went along to a 3 day course in October held by Daniel and contrary to what the above people have been saying, have made money from what I learned.
I actually thought Daniel was very knowedgable person and although the course had too many other personalities selling their wares, I've adopted his
foreign exchange trading methodoligies and made some money.
I've lost money don't get me wrong and my account isn't something I can retire on. I believe in taking responsiblity for my own actions and not
blaming anyone else. My experience with Daniel was good because I took the bets out of what he had to offer and made it work for me. I'm also getting
a lot from his weekly, free web conferences that I get for life. Sometimes they get boring but sometimes I get a good tip.
Make the most out of life people. Life's too short.
Option Trader
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