ex Goldman Sachs Trader Tells Truth about Trading - Part 2
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- Опубликовано: 2 июн 2024
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CLICK HERE - www.itpm.com/ - On February 7th 2013, the Institute of Trading and Portfolio Managements Managing Partner Anton Kreil was interviewed at Cass Business School by students of the University. In this exclusive interview Kreil gives an insight into the trends occurring in world financial markets for professional and retail traders, his thoughts on the world of banking, hedge funds, career progression for graduates within the industry and what the future may hold for those graduates seeking employment at Banks and Hedge Funds.
8:36 He left Lehman Brothers in Jan 2006, two years before Lehman Brothers filed for bankruptcy. And he left JP Morgan in May 2007, only months before the credit crunch started. Perfect timing.
professional trader are about to predict the future in the market..he did what he suppose to do(for his career).
8 years later, I’m coming full circle and what he is saying holds so much more value. Context is king here. This is great
And the stuff he's talking about here is literally still going on...brokers taking the other side, yep...that's why I don't know why people still claim to trade CFD's, or are acting like they are doing any serious damage on PFOF brokers...all of that sht is things a broker does to eat off of you, they don't care about having a high turnover.
It blows my mind how there can be people who are studying for investment banking in universities and never traded a single stock
its prob worst now because people who already profit from day trading at home will have no interest in joining a firm
@@sko1beer I don't know if this is true, but the market said 90% of the traders lose money.
@@xianxiong3440 In Europe it is a legal requirement for brokers to advertise what percentage of their traders lose money. From the brokers I have used it varies from 75% to 90%
I love this guy, full of experience and confidence.
He's a boss😂🔥🔥🤟🏽🤟🏽
weather you choose to get involved in stock or not, this is a highly motivational video. Gotta to admire his commitment, drive, discipline and experience.
Discipline, persistent are two awesome assets.
His face is very relaxing, he seem like a very calm and open minded person
@@TsarOfRuss and smart....
Innovations like what lead to 2008
1:01 65% Equities/ 20% Commodities/ 10% Forex & 5% for quick scalps 💪🏼 strong advice for portfolio build! Best piece of info that came out of his mouth in all 6 clips.. Beginners play 1-3 month position trades. Solid Gold advice 💰
lol, if you think just copying his portfolio is some magic bullet just shows you don't really understand trading.
@@MrAmbrosse he didn't say that did he. being negative doesn't make you edgy fella
@@MrAmbrosse z,x,
What does this even mean 😃??? I know cash and forex but not the others.
Yeah your portfolio build percentages might be different but the key point here is 1- diversify 2- put less on to riskier investing opportunities
8 years or so later I wonder how this audience is doing today.
Currently working at JP Morgan
Still blowing accounts up to date
Some give up some are consistent
Lol.
Some of them look like they don't care tbh
( And they wouldn't innit ? Daddy has a big company where they can work )
Was wondering the same thing.
The part about brokers betting against their clients is quite revealing but very obvious once you think about it. Kudos to him for being open about it.
bet he never guess we would have brokers like robin hood who bluntly do it today
Yeah lol
There was a particular day I thought strongly to myself "Hey this brokers are playing against me or what ?"
I felt it.
The trade always went in the opposite direction as soon as I place a trade. It was weird.
But it could just be me overthinking it.
seems very genuine person! great advice by him
in the terms and conditions when you apply for an account AND ask them on email to confirm how they provide liquidity to the products you are trading.
Love this interview. This guy knows what's up. There is only one key to success, and it is work work work.
thanks for posting these!!
glad to be of help!
Hi anton great video, my best trades was selling my equity isa I saved for years before the recent recession,.at the time I didn't know what a recession was. Now I manage my own portfolio on the side.
next lvl mindset, he's had a great run! great video, thank you, Tony!
Amazing to see this video already hit M level vs before COVID.
And good to know the tricky CFD system was like that and thanks god I haven't jumped into it. NOw I need to work much harder than before.
Coming here for more than 2nd time and totally understood what Anton talking vs my first time.
emit the word hopefully from your vocabulary brother. go out there and hit the targets you have set for yourself with no remorse or feeling. then make a decision later if where you are then is right for you. not anybody else. Appreciate the commentary here. people can learn a lot from your experiences.
In 2021 I'm still watching!
Hi Anton, I wanted to thank you for uploading so many great videos but I was wondering if you would have any tips or guidance for someone that wants to break into the sales side of S&T.
I gotta say these are some pearls of wisdom right 4here Anton,have a great weekend,to you and all you institute guys..Kenny.
Thank you for sharing your life experiences, learned a lot!
Nothing beats screen time- -get in there, trade with a small account, or paper trade. You'll start to see what you're better at spotting, me particuarlly I'm good at shorting into resistance, and then longing the grind-up action anticipating a short-squeeze. I know how to do that because I focus on shorting, so spotting a short squeeze/grind up action is relatively easier for me because i was afraid of it, so now i use it to my advantage. I never short low floats, typicaly i go long on them IF the volume is there.
habría sido un montón de trabajo para traducir una entrevista 3 horas en español. la edición se llevó mi equipo tres semanas. mientras Inglés es el idioma de los negocios del mundo, entonces tenemos que seguir con Inglés desgracia;-)
It depends on what kind of penny stocks you're talking about and what your strategy is. I tend to surf them, jumping from one to another. This gives me more experience, more opportunity exposure and, theoretically, better profit potential, but requires a mastery of emotions and good planning (before the day even starts).
Start small and don't listen to anyone on which ones to be bullish or bearish on. Numbers and patterns never lie, scam or have bias.
I love this guy! I need to meet him.
I appreciate both the words of encouragement and rather than thanking me for my commentary, I should be thanking you for yours. After doing this for a while, it amazes me how much hatred and stigma people have for the business, without having any idea what we have to put up with on a day to day basis. Nothing irks me more than when people say things "you guys make money without doing anything productive" To that I say, try doing this for a month, and tell me if you didnt work for your cash
This was very interesting, thanks for the upload. I'm making my first pilgrimage to London for my first internship and am about to find out just how testing this profession is. I'm starting to put a small portfolio together, not for short term gains, but as a learning exercise and hopefully a return in the long run. Not many on my course at uni are doing this, so it was great to hear of how this opened doors for you.
Give us some.news 6 years later !
How are you going Eric, 9 years later
Yes this channel is tun by Anton (me). I dont get to reply every day, but try every few weeks. Pretty busy with other stuff. To answer your question. Not huge and not a loss. built it up slowly and when i got into a position to play with the houses money i bet big on winners with tight stops and concentrated IPO portfolio in the late 90's.
Hi Anton. Awesome videos.
I was just wondering if you could advise the best way for a beginner to start trading (i.e which company to use to buy and sell shares)
Depends on which country you want to open an account in.
Great advice Anton. B-Book and C-Book CFD brokers are always taking the opposite side of the trader
Very nice. Old yet new info. I wasn't aware of my broker going against me. I think there is a computer that sees numbers and makes a move automatically. IF there is something that will go against something in particular, but not after an individual.
For a video that is 9 yo the camera quality is incredible
Thanks for the comments Kenny. Appreciate the support....
Hi Anton, you mention at 1.40 that some brokers take the other side of a trade? Thats not cool at all. How can one tell if a brokerage is doing that kinda thing? Im gonna sign up for the instutrade video series soon. Searching for a proper broker since I watched this video. Any suggestions? Wont be able to open a trading account at the instutrade website cos the min required is bit too much for me man. By the way,thanks for starting the institute and still personally replying to comments n stuff
You would have to purchase the PTM Video Series on the institute website to find that out. instutrade dott comm - education section - essentially however its 80% fundamental and 20% Technical + Price Action overlay.
I would really appreciate it if you could give me some advice, i can't quite decide if i should pursue a Masters in Finance or CFA; from your experience which one would give me an advantage in the long run.
Thanks in advance, enjoyed the interview very much. thanks for sharing
Anton, price action or technical indicators? I am for price action with a little help of indicators, what about you?
1:17 exciting theme, someone falling asleep
“Major indices are 1.5 to 2 times more volatile than major currency pairs”
That's like FTSE 100 and S&P 500 as opposed to GBP to USD or EUR to USD
By S&T i think you mean Sales and Trading? Two very different functions. I would say however, 90% of the time you require top degree from top school these days. Also you need to build a track record. If you dont have top degree from top school, a track record is an absolute must!
12:00 WOW! This sounds great. And they line up for this work?
Do tell. Quite a high price for a vacant existence.
Awesome ❤
Use the platform and do the opposite of what they want you to do and you will make money. We teach all of this on the PTM Video Series on the Institute website - instutrade dott comm - education section
Hi Tom. You just need to ask the broker. It should also be in their T's&C's when you apply / open your account. Shame is that most people dont read them and even if they did they wouldnt know what it means. On both sides of the pond it always takes the regulator a decade (minimum) to catch up. Usually after high profile screw ups and nasty things occuring to retail. Any of the guys on the accounts section will let you open for lower, but we state a minimum to eliminate gambling.
Hi Anton,
What is your view on CFD´s trading vs. physical trading in terms of fee´s, spreads and conflict of interest if you are a small trader with rather small capital to trade with?
how do i join a class like this one?
whats a typical Brit? can you explain? would be interested to know. Thanks
i think what these kids need to understand is 'leveraging'and how the other siide bets against you,the speculator!
This guy is a boss.
What's the best site to trade with online?
Wow what a great content
You leverage as a broker by borrowing money and lending it to the accounts that always lose or are down, then hedge the positions on the other side of those that win by buying or shorting the underlying asset. Its not rocket science. Bucket them, 80% chance of winning, leverage it by borrowing money at close to zero and re-sell the leverage with a markup. They cant lose. Thats why they teach you to over-trade so you keep paying them.....
He's right Equities is more volatile but it's a matter of how you're looking at it,
Best to trade Forex on the long term, but with the cleaner charts there's much better chance of higher accuracy, and with the high leverage on that accuracy money can be made quicker.
So it's a matter of lower risk, less accuracy but more frequency vs less frequency higher risk and higher accuracy.
I'm basically where you were at before you retired, just signed onto a large chicago based proprietary trading firm. I've already learned a lot in the 6 months I've been here and watched 3 of the other people I got hired with either quit or get sacked. It's pretty cut-throat, but hopefully I make it.
How are you doing right now?
....you are fighting the machines. If you want to do well in trading you have to take a more protfolio based approach and emulate hedge funds. This is exactly what we teach on the PTM Video series at the Institute website. We give you the skills to enable you to realise where the opportunities are across all asset classes, so you dont become a 1 dimensional trader (like one that ONLY trades ES). You can trade anything. And you go where the opportunities are. Thats your job as a trader. Follow $
Hi, can I ask =, what does it mean by asset classes? Like it was mentioned in the video by Anton that for new beginners, "your time horizon should be 1-3 months on each position, across asset classes." Does it mean like 3 Months Stocks, 3 Months Bonds, 3 Months CFDs, 3 Months Forex? And what does that entire statement mean in general? Would you be able to explain. Sorry, I'm also pretty new at this.
9 years ago and still relevant.. And quality of the video is great. Anton u are weird and interesting humanbeing ) What do you think about current crypto situation and recent bank collapse (signature, silvergate, svb)?
Nice insight that as culture changed and trading became cheaper through technological advancements, traders moved to make money for selves as individuals rather than for the firms they worked for, less capable ppl were hired to run these huge firms (ppl who probably knew they had no clue but wanted the glory) and of course we know what happened in 2008.
This is a narrative that makes a lot of sense to me, yet not one that is widely talked about. The mainstream narrative is simply that all bankers are evil, which is a little juvenile position.
doesnt really matter as much as getting the right education. go to institute website and check the education section. get a proper education first, then choose your broker carefully based on what you learn on the course. its all included.
indeed it is Sandeep, indeed it is! ;-)
bad for us,retail trader...at least,i find someone who already shed the light about retail broker
If you can trade CFDs do it (unless your just starting out). I would love to trade CFDs but it is not allowed in America now...........
Give a man a fish, keep him from hunger for that moment.
Teach him how to fish, keep him from hunger forever.
Anton, California boy here in the US. What's your opinion on day trading index futures (/ES). I am a retail trader btw. Is it possible to make a consistent living, or do you believe it is rigged? I do have a brokerage account with a futures broker as well. Nice to see you are on youtube btw, I saw you on Million Dollar Traders. You're like a celebrity.
this is gold
I guess the honeymoon period is over then. HAHAHAha....classic! You're a funny man Anton =)
What platforms do people use to trade while in college?
Anton do you still trade if so can I hire you to trade for me in a managed account?
It amazes you because you read newspapers, watch TV and read conspiracy theories on websites. Ive worked there and the first thing you are taught is how to make your clients money. You cant figure out why they are still in business? because they are the best and clients will always do business with them as long as they make them $. not difficult to work out. Just ask yourself next time you see a headline on TV if the TV station wants you to watch their show or is the headline actually the truth.
Currently choosing between Goldman and another opportunity, this makes it tough
Depends where you are, quant trading is bad ass
Ya I'm sure that's the problem, it's just too easy to make money so it's boring...
And I doubt you're a trader or adding value. You're a fucking loser whose accomplished jack shit and sits on forums telling people why they shouldn't pursue one of the most selective jobs on the planet. Go get a job as an algo trader and come talk to me
+Hurrrrrrrrrrly whats the code?
Oil=volatility right now.
Even more so now
hahaaaaaaa if only we could see the future. Minus crash in 2020 who would of guessed
@@fitzocrypto9356 lol
Hello! There is big space, many people, money shrinking due to greed. Reset calculator before it goes over memory. When is everything going to start over?
Is this RUclips Channel run by Anton?
If yes I would like to know how your first trades went? Did you make huge profit/loss or was it break even?
amazing
excuse the nub Question... how would you find out if your broker was taking he opposite side of your trade/position?
They would qualify as
Legendary
best education in life you will ever receive and its cheaper than a degree !!! ;-)
VWAP of course. But its not exactly beneficial to a trading strategy. Only slightlybeneficial to execution.
His doctor must have been like "wtf are you doing?"
Greed is mentioned wery frequently. What is not emphasized is the fact that the greed leads to larceny. The societys' fabric goes amock as consequance of destruction to ethics that took so much time in nurturing and upholding to.
Stock market is simply musical chairs played with money.
yes ... it was not always so ... but that is more than 100 years ago
I needed this. I needed to hear its good to be a stockbroker first then trade.
Miss Black America NY Sasha Tv Not to be rude but i dont think that makes sense.
Any regulators listning. Clearly huge part of the problem. No , regulations and regulators have been bought.
Well, I'd say it's now a global issue when it comes to hiring freshmen like, you know, the so-called "social skill" beats talent..
"one beaten = two unbeaten" (russian proverb)
It usually refers to what ?
Agree!
Is there a reason?
Yet more evidence that companies care about what you know more than your degree.
I have conducted way over a 1000 interviews and he really is not wrong. Dont get me wrong I take your degree on board but that's one of many factors I look for. Just having a degree does not cut it in my business
As an upcoming forex and Bitcoin trader I to tally understand the gravity of the knowledge you are trying to pass across, thanks for the info
Gold to.
But what about Gamestop?
Totally opposite. Successful traders dont have the time to live the models and bottles life. That life is for poor traders, back office morons pretending to be traders and brokers spanking their AMEX taking their clients out. If a trader HAS to go out with a client because they want them there, they will more than likely leave at 11pm these days. In Bull Market days '02-'07 out all night was required but far from models and bottles lifestyle. More like Fine Food & Wine, Champagne & Cigars
2:12-2:46 the truth. God bless you.
Free seminars in London, Shanghai, Sydney and Melbourne coming up. Thats where i meet people buddy. At Free seminars.
sooo... does this guy indirectly caused Lehmann brother to went bankrupt?? lol
different business model
charismatic af!
need coverage,right?
Hi Mark. Yes I do still trade and No you can not hire me to make you richer and No I will not answer to you as my client by managing your money for you. What you can do however is learn how I do it and emulate it by applying it yourself. This is why I created the Professional Trading Masterclass educational Video Series. It can be found at instutrade dott comm in the education section. Regards.
lol, a less volatile market is not bad at all, theres plenty of money to be made in range trading day to day
Ah right so you know more about trading than Anton Kreil then.
+megaskyburst no, why would u even say that? makes no sense