ex Goldman Sachs Trader Tells Truth about Trading - Part 1
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- čas přidán 3. 05. 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.
This guy has single handedly destroyed the dreams of all those students in one sitting. Chapeau
only motivated me haha
It’s a jungle out there
This is better honesty and prob motivated some people to 100% hard work into trading
Terrific guy. Really knows his stuff, and straight forward, with no messing around with a simple attitude: You're there to make money...period.
I love this terrific guys can trade stocks
That's the point of any job, it just means a lot more in that particular job.
Even manipulating the markets? How many billions have the filth paid out in fines now?
I can't imagine cutting my teeth trading at Goldman.
Straight A students or not at the end they're always working for money
you know you grind hard in life when you have bags under your eyes like that. Respect
That’s called an adrenal shiner. Probably overburdened kidneys and adrenal fatigue
@@tylerfiecke Hey, I'm interested in adrenalin, in how to activate and be safe with it.
Do you have any information or source of any kind.
It would be a pleasure for me
@@vadimaugusteborgeat1589Yes. Stand on top.of a tall ledge. Rise a bycicle or conjure up some crazy scenario in your head. All these are safe ways of activating adrenaline
Quick Dim look into the wim hof method
But does he have a hot babe?
This interviewer is the best. He asks great questions then actually shuts his mouth and listens
Absolutely
absolute pleasure. we realized very quickly in the edit that it would require subtitles...
Have seen his BBC series and was impressed and watching this in 2019, not sure if there are people who have done so well and are still so humble. Very likable personality.
I got a 2:1 in Economics from Manchester University. Nothing spectacular. But what I did right was build a tack record whilst at University to display money making ability and understanding of the Markets and Risk. Both are as important as eachother. We teach all of this at the Institute. What you learn in Economics at uni is 95% irrelevant to the real world and what you learn in finance is literally the opposite of how you make money.
can you recommend an online course that will get me trading to a professional capacity?
@@HAPPYSLAPS1 get the ITPM courses. Thank me later.
I really appreciate your honesty, it's such a fresh breath of air
what's a tack record?
True, if you want to be a technical analyst, there is no reason to go to school at all. Just makes trades out of your ass. That’s all it is anyway.
I though so too and held on to that view until these interviews. I've spent a few years trading and trying to understand the markets and this guy's not arrogant. He has opinions that you won't understand unless you've been 'in the markets'.
Thanks very much for showing subtitles for the questions, made following along easy!
Heard the airlines were charging him and requesting to check in the bags under his eyes whenever he flies
I'd trade his bags for my bank account any day...
@@SubjectiveFunny That doesn't make any sense... So you'd surrender your financial equity in exchange for his eye bags? Sounds like a lose-lose proposition. Looks like you have a lot more YT tutorials to sit through before you're even close to competent.
@@alexjones5115 walking and 5 am is healthy, but the Problem is that he goes to sleep at 2-3 am
jealous hater
Being poor and pretty is fine when you're in your 20s; most of us grow up at some point and realize how pointless that is. Sounds like somebody missed out on some IPOs lol.
Great video. Really shows that certifications mean nothing when it comes to making a profit. Real life experience counts many times more than a framed diploma on your wall.
that is just an excuse becuz u urself are too dumb to graduate or go to college. elon musk has a degree
@@Xilladan093 not having a degree in college but running your own business is much better and more profitable. But you ve got to be smart to do that. As you have to be smart to get a degree too. But if I have to choose between businessman smart and college degree holder smart I d choose the first one. It’s all about choices.
@@Xilladan093 It is true to an extent. It is wrong to overvalue either. Whereas real world experience is good and practical, a qualifications program is the sum lifetimes of experience. Qualification is not an excuse to delay forever, and experience is not an excuse to hide from getting qualified.
Watch what the successful and wealthy advise their own children to do to get a clue what really matters. If they force their kids to study hard in the best schools, and to stick to it, then they know the value of good qualifications, and of the complete process of getting qualified. If they seem indifferent to schooling and instead want their kids to get real world experience, then they will stress that instead. In my experience most wealthy parents emphasize good schooling, then good experience.
Except no investment bank or hedge fund is going to hire you without a degree.
@@Xilladan093 Even Elon Musk himself agrees that real life experiences are worth more than college. Just look at some of his clips talking about college.
This guy is pretty much my number one teacher and leader when it comes to trading
Thanks. Nothing like being involved. makes a massive difference to your education in this field. 100% concur!
Por favor al español nos seria de gran ayuda a todos los latinos
@ 11:30 real trader has spoken, hats off, been in this business for too long myself
he's got some serious bags under his eyes.
i remember seeing a show where they had like 7 or so ordinary people train to become full fledged traders... I'm pretty sure he's the trader they were training under.
Andrew Kao is this definitely the same guy though ?
MONEY BAGS!
InstituteofTrading fuck yeah
Andrew Kao Yes, True He Has Goot Serious Bags.
Andrew Kao lol
Loved the answer at 10:10! Learn through failure, and just do it!
You skipped the part where it's, lately, just a bunch of algorithms queue-jumping one another at the speed of light, now.
He points out that high Volatility is what traders live for. I really think thats why financials of companies mean almost nothing in today's stock market, there are so many traders that the volatility is almost the only thing being sought. No one wants to buy an under valued stock with no almost no volatility and have to wait 5 or 10 years to be rewarded and see the profit.
This guy is fascinating to listen to. I loved the show Million Dollar Traders and have been watching his videos ever since. He said something about checking whether the people around you are ‘liabilities’. I found it really interesting.
It's so interesting i could listen Anton again and again
Exactly. Basic common sense. With higher vol, you can trade with less and make same money. Even with no leverage.
ITS NEVER EVER EVER TOO LATE. I've mentored 55 year old guys, who have spent 30 years chasing their tail in the markets, re-programmed their thinking and their approach and they are now killing it in the markets.
Quite Remarkable
Os the program still open, I want you to mentor me into being am institutional trader
That interviewer is actually pretty good; in that he just answers the relevant open questions and lets his guest do most of the talking. A lot of TV show interviewers just seem to keep talking and hog the attention.
Thats a fantastic story in itself !!! very glad to have this impact. Makes it all worth while! ;-)
Charity I support. Not after public affirmation so dont go out publicly talking about it. I just do what I can and keep on my wrist to remind myself of how lucky I am and to motivate me to work smarter and not just for myself.
Thanks Dom!
love anton straight to the point. BIN! "guys hopes of trading crushed". some great points mentioned. thanks for the upload.
Anton, I would just like to say what an inspiration you have been to me. I can really relate to your story, especially being from Liverpool like myself. So much so that "Million dollar traders" encouraged my undertaking of a business, finance and economics degree at Manchester University. Best wishes
How are you doing ? Did you graduate ? Working for a good company ?
The gentleman hosting this interview knows really good how to interview some one. Wonderful !
Thank you Anton!!! Just now I had my wife & mt 22 year old son, who is a senior in college here in Florida, watch the first video. I know it is very important for my son to watch & have my wife understand what I am going to pursue.
I could not believe it when I received the voicemail from you at 7 a.m. calling from Taiwan!!!!!!!!!! Thank you again for making this information available to us to learn.
Sincerely,
Mark Fagoh
EverGreen Fundraising
I'm still watching in 2022. This guy has a strong bladder ☝️👏
Many thanks
To be fair the tech boom should be a 'favourite' time period for all traders that were trading at that time. Good interview. We like how Anton confirms that a trader's differentials or even the fact that they lost a certain amount of money is looked at favourably by employers. It DOES help you learn faster once you have positions to analyse. Thanks for the video.
Thanks for your concern about me but i'll be fine. See you on the order book.
Am go glad I am alive and ready as a student of what's going on now.
Big up
Greetings from London salvattore69! Thanks for the comment!
Very interesting, the way Anton gets straight to the point is great. I'm sure I'm one of many who want to follow in his footsteps and I'm 16 now, time to start trading in the summer after exams!
I am 16 at this moment, after these 7 years, how are you doing?
Probably out there looking for motivational videos from Gary V and the like 😂
Well it's been 9 years, are you a millionaire yet??😎
@@dansom3223 lmao
update pls
I found out the hard way getting into the trade market without aid as a newbie would definitely lead to a lot of loss in capital.
Thanks for sharing the video! Very insightful! GOD BLESS EVERYONE!
If you are just starting to learn trading, the risk of losing a lot of money even if it "hurts" more is huge and you don't really feel like you are losing because you are not paying real cash to place your trades. You pay through your credit card, wire or virtual wallet, which isn’t tangible money. You will feel the loss when you check your account or try to withdraw your money.
I think the person interviewing Anton works for Anton now... I think I recognise the way he speaks in some of Anton's other videos...
Love this man, his knowledge is mind boggling , I want to do the course.
Hello, you should get the course! I did, and you would save 10 years of your life! It is amazing! you learn A LOT.
Hi to you both. May I ask what course are they referring too?
Nathane Nakedi Instutrade.com He teaches you exactly what to look for and how it is done. very professional
@@fazo0009 has it saved you 10 years yet?
@@user-it9hn9xc8v 🤣🤣
Successful people don't become that way overnight.what most people see at a glance-wealth,a great career,purpose- is the result of hardwork and hustle over time.
I think the idea of 'doing' to set one apart from the rest, and using ones own money to do it, applies not just in trading but in most professions. It is the basis of entrepreneurship.
Volatility picking up in FX in Q1. Thats why we are launching a new FX strategy...
They are few men who are expert in trading I consider as one because of his unique trading skill and strategy, and gets his profit outcome.
8 yrs later since this video was made the volatility of the Forex Market is through the roof!
Good info! this is the second time im watching this!
Great interview from a very good channel. As for Anton, he needs to see the sunrise and sunsets more often, even directly looking at the sun at 10 second increments daily.
Wut
I started when I was 16 as of yesterday I turned 23 , I only started making the big bucks like 1-2 years ago . I'm making more in my investments each year then I make from my full time job as an accountant.
Wow, could you describe more of how you got started learning in trading? Maybe even some resources?
Information is power, but the right information will make you wealthy. So i guess the best advice i can give to anyone right now is to invest
Sounds like he DK'd the IPO trades that went down and paid for the ones that went up. Riskless trading is always good.
One of the few persons who REALLY tell the truth about this industry.
Kreil is giving a great speach, but the student seems he didn't listen by picking the wrong questions for him.
This was quite interesting to watch! given ETH's high gas fees and the oncoming release of Cardano (erc20 converter) and also the recent run-up with Bianca Chain.
Practical experience is always the best teacher! Universities never prepare you for the crazy world of trading.
I am 15 and started trading at 14 with demo and my dad's account and this guy is literally my goal in life
Are u still trading man!
How is it going?
That's awesome to hear. How is it going?
Yoo
How’s it going ?
I have seen this video countless times, it is simply a proof of what i have gone through trading the markets, It is absolutely important that you have someone with great Experience in this field to guide you through it all.
An excellent overview of the Trading environment... Awesome!
Am a huge fan of Anton Kreil and love him highlighting volatility factor in trading.When viewed from social science perspective market movement is a demand supply action,but when looked at it from physical science perspective doesn't it throw an out of the box reality .On a microscopic look a Brownian motion process , on a normal view a demand supply process and on a telescopic view a mean reverting to value based process.In a nutshell a relativity between the underlying value, underlying price ,underlying volatility , option sensitivity of the first second and third degree orders ,and underlying log returns plotted against time.Put it simply a mix of rational calculus (order)and irrational randomness (chaos)drifting nonlinear based on the square root of time rule with butterfly effects too playing its role.
If greed was an energy source, the people in that room could power a small town for a year.
people trying to better themselves... yeah, fuck them
iiPuppetXx Love the way you think the only way people can better themselves is to make more money. But greed is good, right?
I'm curious how you think anyone can evoke change or help the world without adequate resources to do so. Most people bitching about greed are terrible with their own money or entirely funded by someone else.
greed is why you dont die when you get sick
yeah ppl who want a job, they're greedy.... what are you homeless or something?
Thats crazy, it was hard back then to get into these type of jobs, imagine now with the thousands on applications they get . Incredible
Your using other peoples money to make money so they want people that can actually make money. Never understood why they look for fancy degree's and credentials when that don't guarantee you can make money.
I love this guy, he is the one that I have been looking for.
Interesting person! Thanks for sharing the knowledge!
He does look, sound and act exactly like a trader haha
Drained ?
yes they speak less , sharp
Dark circles under the eyes say the opposite. Absolutely a trader.
He looks like a young version of Anton Kreil, perhaps you have heard of him
Thats TV for you Troy! ;-)
Q
You're right. They should have tested that on camera to begin with.
great page.. thanks for posting..
Flipping IPOs without paying for them with no risk because if the stock depriciates the check would just bounce, genius... Kind of similar to wholesaling houses in real estate
hey, can you explain what he meant by that? I'm not sure I understand--he applied for allocation then the day the IPO came out, he would sell, right? So if he made a profit on it, he would just give the original IPO amount to the broker and it'd be all good, but what about the case where it depreciated?
TheIndianMan100 ipo almost always go up... especially in the late 90s when the tech bubble was going
Those were different times lol, and there still are people who make good money off wholesaling real estate.
Kuwait did this with post dated checks And in the 80s the largest stock bubble per capita collapsed.
He's basically saying that you need EXPERIENCE. You can't just show up and have no actual trading experience but only have a phd in finance or what ever it simply doesn't work that way. So I guess it's better to have best of both trading experience and a degree.
a phd in physics is worth way more
What is the best Trading Platforms to use I'm new to all this?
Thank you for your time!
good video thanks for sharing
Amazing...with all that valuable knowledge that he has offered us for free, which comes from years and years of experience, so much useful information...but people discuss about his eyes...
It's all about having some skin in the game 🎯
Great points. Volatility creates opportunity to make money.
Bold and informative. Worth watching.
They are not ready. The weekend is all the material and the approach. It is then up to them to teach themselves over a 2-3 month period. No-one professes to be able to teach people in a weekend. It then has to be applied over a decent time period. then there are optional 3 and 6 month mentoring programmes directly with me. BTW, the weekend seminar is no longer available. As of Monday the entire thing is online at *instutrade dott com*
Thanks slayerized667 - Glad you enjoyed it....
Very insightful thanks for sharing
We benefited from the same boom. He got rich and I was able to pay for my law degree and eliminate debt. The market boomed from 1988 to 1999. He was where all the action occurred - Wall Street.
You still need top grades to get into GS, but if you can display a track record at a young age and money making ability they will consider you in line with nay top degree.
Anton's the real 007 of financial markets
Learning about the financial markets is a job like no other. It takes great discipline at the same great desire to never stop learning. High finance is like biology, everything is intertwine.
Great collection of videos I find that I learn best by doing Also I find making small mistakes helps me learn too
You can be successful at trading if you do the footwork and not just jump in. There are NO magic buttons, robots, etc. YOU need to know what you're doing. You need discipline, knowledge and the ability to leave your emotions out of your decisions. Risk management should be a priority on ALL trades and you should decide on whether or not your going to pull the trigger as if your life depended on it. You ARE NOT gambling if you do it right. But you can be successful.
T+3 Flipping IPO's without paying for them... that's awesome
What platform do I use to start swing/day/tick trading? I want an easy, streamlined look. And what's the best instructional video and/or website for it? And what do I need for my tax guy exactly? Thanks, anons.
He literally just said people. ITS THE PLACE WHERE YOU MEET THE RIGHT PEOPLE
broken dream at 6:40
well, its not my dream, the unconfident reaction of the interviewer though..
Life pays you for what you really love, thats it. Opportunities in financial markets are shrinking due to over-regulation.
.
glimmer of hope at 5:00, total despair at 6:40 hahaha
indaco anonimo That's why networking is becoming more & more important.
Gone are the days where one could send a resume, and stand a decent chance of being called for an interview since there were only twenty others...
+Max Rockatansky It's good what they do with all the "uninteresting" applications by putting them in a bin. Show yourself, give them something special. Ever watched Wolf of Wallstreet? It's a special movie because some of the things there actually are real.
most traders have no idea about economic fundamentals, like simple supply and demand. so they dive into making a lot technical analysis, and blame manipulation when it doesn't go there way.
Any good books to learn more about economic fundamentals? Im learning with just basically technicals supply demand areas basically
@@victordiaz3309 Here are some books if you're interested:
The Theory of Money and Credit
Man, Economy, and State
Capital and Interest
Power and Market
A History of Money and Banking in the United States
Prices and Production by Friedrich Hayek
What Has Government Done to Our Money?
Principles of Economics (Menger)
The Denationalization of Money
On the Manipulation of Money and Credit by Ludwig von Mises
Money, Bank Credit, and Economic Cycles
Good reading!
Short term trading just doesn't need any fundamentals.
is fundamental analysis 100% accurate?
@satay stick you should never trade fundamentals, maybe long term yes, but not short term.
There are plenty of stocks that are up when they get hit with bad news? How the hell can you trade fundamentals then..
Thanks for the content. I'm already on my way to success. Trade has been the main source of income, although I barely do it myself
no worries...
8:02 is the meat of this video
Thank you good sir
i love ur name bro, dammi falestiniiiiiiiiiiiiiiiiiiiiiiiiiiiiii
Thank you time is more precious than money.
You'll do it if you want it!
While it's true that the currency market has lower volatility than the equity market (no currency pair moves moves a couple of percentage points in a day), speculators in that market are exposed to lot more volatility than anywhere else. The reason: the crazy high leverage available in fx that is not available in equities.
Thx for share.!
Wish I learned Trading when I was super young
its never late
best time was yesterday, next best time is now
I love how people hater on traders. I've been trading and researching on my own for the last 4 years. Sure, I don't trade tens of thousands, but I'm right below that and have been doing decent. I just cant get myself to day trade because its farrrr to much dedication. You really have to dedicate ALL you time in to researching.
people are just b*tches.... to lazy to learn and better themselves would rather just complain about people who have
are the stocks mentioned those like AAPL, GOOGLE instruments we see and can trade on our platform? sorry im new to all this, just asking:)
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands