ex Goldman Sachs Trader Tells Truth about Trading - Part 4
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- čas přidán 25. 03. 2013
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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.
"Humans cant trade and Computers cant make rational decisions" wonderful, well said. I love it thanks for the great post
be both at the same time? :D
so there still is a chance for humans to be traders in the future? trading wont be automated?
How about AI, today its questionable.
during the goldrush, the people who made the most money were the ones selling the shovels......
jb879123 haha that's awesome
So let's buy some bnb coin :D
stupid and wrong
So start a brokerage?
MrCharrrles - Can someone for so without a broker? Genuine question.
Very likeable individual. Good insight, and no bs, and seem a top geezer.
What’s a geezer
its uk slang its like dude or bro@@MrSnazzy682
My god. The bit about suppressing the gambling felling is so true. So easy for your actions to be overtaken by impulses not reason. Suppressing that is 'the trick' indeed.
His explanations are detailed, raw and realistic! Top bloke!
professional traders use a minimal amount of technical analysis. all those with a conflict of interest that are lazy and dont do fundamental work will tell you the opposite. a massive proponent of TA is a clear sign that they have never worked in the professional trading world.
Oh really? I was trained by a guru that says technical analysis is important. Like to have more understanding abt this.
very good comment here. i concur 100%. blindly day trading for the sake of day trading is for mugs. If the market doesnt present you the opportunity, dont trade. no position is also an option. if you restrict yourself to one approach and narrow your possibilities by pigeon holing yourself as one type of trader then you miss out on all of the amazing opportunities that present themselves every month.
No probs Matt. Glad you enjoyed! ;-)
no worries. glad you enjoyed it...
Very eloquent and clever guy Anton! Thanks for sharing this.
From my personal experience the real "trick" is freeing yourself from identification with that emotion. The less identified you are with any emotion as being "you" the weaker the grip that emotion has over you.
noted
ANTON NEEDS HIS OWN PODCAST
first video of trading in 2024 and blasted my mind
The change of expression from 1:05 says it all about the mindset you need for trading
This guy is great… interviewer is even better in the sense of making this an awesome watch.
Extremely interesting thank you for uploading
Coming from a poker background and only just beginning to look at trading this part was extremely enlightening, thanks
You are an inspiration man. Balancing emotions make or break the success of a trader.
I love how down to earth he is
The most important thing by far is to get a solid foundation and get the proper trading education that only a real professional trader can give you. dont consume all the BS courses out there, it will just screw your mind up and lose you money. The foundation that you can go back to everytime you want to uncomplicate things is THE single most important thing. Its all available on the instutrade website in the education section.
most underrated comment I've read in my life, too much information from too many sources will only confuse you and will get you in a analysis paralysis if you don't find a way to filter it, categorize it and determined what, and if, it is appropriate to you for your particular situation, under you particular conditions at a particular period of time. There are too many people out there with seemingly great information, for free, but beware that they have an agenda of their own, in which your best interests may not be included. Sometimes the free (blank) is the most expensive. And it applies for life, I'm outside the trading business.
This is very educational! Excellent!
I trade while listening this guy's videos, love it
this is great stuff, thank you for posting these videos
Thank you for this uploads
So true at 5:40 do not go with your presumption until the market is working in your favour
Patience, consistency and leave your emotions outside
Like his reasonable combination of fundamental and technical analysis.
It’s literally what happened these last two days 🔥🔥🔥
Had I seen this series of videos on Anton back in 8 years ago while I was still working in the University then probably I would have something in my own portfolio now. Oh youtube your algorithm is not working on my computer and internet here in Thailand and now I am back to zero, starting from the ground and trying to gather scratch and doing my best to be able to see a clear picture of these scratches that I have gathered in.
(Part two) Day trading has always been given a such a stigma and a bad reputation akin to gambling. This is not. At the end of the day one goes home "flat" without any premarket or cosmopolitan risk. With horse racing, how many times can one enter a bet DURING THE RACE? How many times can one WITHDRAW HIS BET MIDRACE and receive 99.6 percent or more of his initial wager if the horse is ill, stumbles or collapses?
Very much so!
1:15
THAT'S A GOLDEN NUGGET RIGHT THERE
Excellent Education
right up there i agree
11:00 This sounds like the motto for prop firm trading companies.
Anton, when are you going to bring the Institute of Trading and Port. management to the US?
Very good questions, and even better answers from AK. His views on algo trading were particularly interesting. Thanks for posting.
LOL! still waiting to see if the algo's blow up, on a crash. Love it!
Hi Blackgoldforex. why do you think this is the best vid? just curious?
I think the most important thing here is not to trade, especially don't day trade. My advice would be become the mediator, set up a platform and let others trade on it. Make money from other peoples transactions.
non-humans will always win, in all market environments ;-)
I like your idea of combining technical and fundamental analysis. It makes a lot of sense to me. In fact, I was thinking about doing this before I even saw this video.
+Bryan Wheelock can you explain what he meant by this part? And what the difference is between technical and fundamental analysis?
Fynnmark Fry Well I guess he means fundamental analysis as in analyzing the business, security, or economy. I don't intend to become a trader though. I've decided to be a value investor. Technical analysis is chart analysis, chart reading. Stuff like that. It's a waste of time if you ask me.
Although many traders separate the two, I don't think you can really if you want to be a professional trader. Fundamentals and technicals are essential to making informed trading decisions and finding trading opportunities and using strategies across many asset classes..I have noticed in Aton's institute, they place far more emphasis on fundamentals and far less on technical analysis which is used more like a tool for entering and closing out trades, rather than making decisions on when and how to trade, as many day traders/scalpers do.
to expand a bit on this,I think HFT trading may be a lot of the reason behind the success of pure technical analysis driven position trading(short term daytrading), given that the algos often repeat certain patterns in their trading,theres often patterns "easy" for a trained eye to recognize,personally I do however feel much more confident with vanilla fundementals,for example the natural gas trade earlier this week,its been somewhat in the cards since the state of the union adress and before..
realize it!
wonderful idea about the community...and pitching your star traders to hedge funds for a fee aswell...how do you join this community or is it to late
5:08 to 6:22 , In my opinion is probably the best advice any newbie could get....
its more personal and explains a lot of beginner questions.
you just need to go to the institute website (instutrade dot comm) and go to the education section. the course is a pre-requisite for joining the community. once you take the online course you will be able to joint he community from anywhere in the world.
Picking a trading school is as crucial as picking a university/college. Pick wisely and get the right information.
The way he says "money"
Life changing!
i tell people that in order to succeed it is good to emotionally detach yourself from the money, so never start with your grocery money. lol budget yourself for an investment in order to remove the necessity for success and increase your potential gain.
4:16 yes!
Best vid
5:07 the best
Found it now Anton, email sent thanks.
Im 15 looking to pursue a career in trading, are there any tips?
MND17 keep grinding
when you are trading in a demo, does this count as a tracking record? I don't think so, but I want to know about your opinion about demo accounts. Is it better to start with real money and learn with "pain"'?
+Marco Picos Sol It doesn´t. Psychology of risking imaginery and your own money is different.
Most of the people say it´s better to start with demo and then progress to real account to adjust for psychology of the trading. And make money of course.
1:17, that's the trick boys and girls!!
trading in a non human way. so be unemotional like a robot? =D
Why would he pitch a successful trader he has mentored to a hedge fund? Why doesn't he keep the talent under his own roof to profit from that traders skill? Essentially, he'd have his own hedge fund that would attract outside investment.
+purewonka You have a valid point there. This is what I guess: There is a limit to which he can put his personal money on to one trader - however fabulous s/he may be. And also may be after observing someone for good track record he wants to trade them because may be he fears an eminent burn out in that trader or even a walk out by the successful trader :P Just guessing! Regards,
+Priyam D the answer is obvious gents. if a guy doesnt want to work for us we are not going to force them too. so if they really want to go to a hedge fund then we are in the best position to help them.
+InstituteofTrading Thanks for clearing that. I hope to better my track record in FY16-17 (April to March for India) and approach you folks. Like the work you do, and Anton's approach to trading/ money/ life. We have a lot in common - except the one most important thing. Will see you soon. Thanks, Regards,
(Part two) You may read and glean as much as you can from FREE information sources: Books; many good websites; free videos; free seminars, etc. Some books are not free, but this is ok as long as you are frugal. If you desire to day trade, try to attune yourself with the day to day sources of information prior and during the markets from good website sources. If courses are charging money - this is BS.
Gambling addiction is a real thing the 1st few years of trading but if you can make it throw those years you can start making real money after 20 years of investing
He got all 3 key of finance
1.investor
2.trader
3.entrepreneur
My search for finance guide is complete
true. I became much more profitable by cutting the losses short and let the winners run over several days. Daytraders needs an awful lot of cash to gain from the slightiest moves ... everything else is bound to fail.
And one week of profit can be eradicated in just one day
Promise last section i have the will and im winning 80% off my trades how do iget into this academy of antons he said he has 80 people he will hire me within 3 months i NOW REALLY LIKE ANTON god this guy grew on me
Anton why don't you write a book
cont: that is not to say its not a good tool,Ive encountered a few people I consider very smart individuals doing this...as for weekends,I have noticed I have gotten a dual relationship to them..catching up on sleep and research is nice,but there is also the aspect of the"time stops/freezes" feeling,this have made me get burned in the past for example by making me have overactive mondays or even come into the office on sunday evenings for asia...so its become quite an issue for me:) best regards
Is that course still available?
davids1700 yes. you just need to go to the Institute of Trading and Portfolio Management website and navigate to the education section of the website. You will find it there...
i like it when he explain about human trader vs algo machine.. machine will absolutely not going to beat human when it comes to long run portfolio.. machine is sucks
Overall if i would give somebody a advice from my own experience daytrading isnt really worth your time and money. Like Anton sayed in the vid timescale of 1 to 3 months. It took me years pain and money to figure that out. There are always good macro opportunities if 1 has time to wait and if money is flowing out something somewhere it always goes somewhere else expanding the horizon instead looking at 1 or 2 productst nowadays whe have so many etfs for many world countries etc
Trading in a more relaxed state applying global macro with some simple technicals. Daytrading isnt worth the thing. Costed me a lot of time and money in the past to figure that out. Also so much relaxing way of trading in terms of emotions and stress. When i ahve ideas nowadays i feel the water add if it goes my way the normal size and really dont check everyday charts etc. Have changed my trading huge but also took me 6 years with daytrading included what actually looking back waste of time.
Beginning of this video ... Yeup. I tell people all the time ... natural human psychology is absolutely opposite to good trading behavior ...
To be a good trader ... you cannot give in to what is a very natural human reaction ...
where to learn from u?
Hey, I've just gotten into trading and already starting to make a profit. I was just wondering if you could tell me some good websites and sources for news that might impact the trades.
Martijn Terpstra how u doing
@@2late4coffee bad....
im sure since you posted your comment, that 40 bucks is now zero bucks :-)
To: Institute and Blackgold: There are different styles of trading for different individuals. Many individuals do diversify. Because one is a day trader, this doesn't mean that he is blind to other styles and the various vehicles of which he can partake of in different time durations. There are various tactics which can be employed regarding different styles.
Who else is watching this in 2023? The AI systems we have today can simulate human behaviour even in trading conditions. It's only a matter of time before computers completely take over trading.
2:33 so be rational and unemotional as a trader
looks like he never sleeps, eat sleep trade repeat. A very knowledgeable person though
You've never heard of the 100's of gigantic proprietary trading firms from Chicago NYC or London? (I work at one in chicago, and our timeframes vary but people are definitely making money)
I managed to delete my first post,basically said,I share the sentiment on (pure)technical analysis driven trading,and used the analogy of driving a car only looking at the GPS taping over the windows..sorry for cluttering your page:P I get really bored during weekends
That’s really funny
2:36 good old days when we were aware of what AI will be capable of
You really have a fascinating story. We both started trading at a young age, you about 2 years before I did. But what I find pretty amazing is how your career really got started. What if you had never told that trader at your school about your track record? The whole reason I am a trader started off with a friend telling me about a guy that never went to work and traded stocks. I knew I was smarter than him & never gave up on it. That is why I never second guess a possible opportunity.
hey bro did u achieve ur goal and if yes can u give me some tips on how can i make trading as my main proffession cuz im from a 3rd world country and here just living off trading everyday i think wont be good enough income i hope u understand pardon my english
Im 14 and i want to make money for trading... Seems i will have to wait to be able to trade
+Carlos Serret Start learning now. You will be glad you did. You can also trade on simulators with fake money.
+Carlos Serret Dont use Fake money use very little real money and think properly before you get into a trade an out of it .
How can I trade with real money without having to pay a brooker?
Dude. You will pay commission or trade fees no matter what. Don't use a broker. Open a trade account.
+ams914 What platform is good?
That a good question about Gambling addition ... LOLOLOLOLLL
There is NO algorithm involved, there is probabilities but you guys trying to make it sophisticated when in fact when there are thousands of internal seller who manipulate the market, algorithm or logic does not exist in stock.
The reason 80-90% lose money is because retail traders are not trading like prop firm traders. Retail traders are against the banks who trade within themselves, HFT'S and algo's.. they don't stand a chance
because they sell for less than toilet paper on amazon re-sale. i dont write sh1t ;-)
ChatGPT just entered the chat
Now we know why day traders can't win. The high speed computers will stomp day traders into the ground at the speed of light. Long term trading is the ONLY winning strategy.
where's the part about price manipulation o wait did i say too much
stop crying
It is in there you need to concentrate before opening your gob
I stay away from technical analysis, you don't need it if you know the fundamentals. Stop watching charts every 5mins
Anton and Elon musk use same way of Speaking. We can say that Anton and musk are made of same Soil.
A strange game. The only winning move is not to play. How about a nice game of chess?
On episode 1 i hated anton ep 2 i did ep 3 i liked him now i wanna be him minus the he looks drained loo but yeah he seems like hes lightened up abit i wish he wojld take me a trainning bot and just see if he can turn an ordinary person off the streets not the ghetto a council estate and see if he could turn me into a sucsess story if he could and he did which is another tv programme by the way in itself he would get millions off people going to this institute
Great lessons in these videos, I've thoroughly enjoyed them, but the Saddest thing about these videos is the lack of black ppl in the audience! Their needs to be a greater awareness & participation in the black community in the world of finance!!
Then please watch videos of black people teaching finance to be happy! why bring race in a financial interview?? what is the point?? dumb ass
The man has a right to his opinion, who are you to call anyone a dumb ass? From your reaction to his statement it appears you're a bit of a racist.
It’s his opinion that the OP is a dumbass. And race has nothing to do with it, the UK is primarily white and Business schools are full of international students, the amount of melanin they have is irrelevant. Hence, from your reaction to his statement it appears you’re a bit of an fool who doesn’t know what they’re talking about. Using the race card is the biggest sign that you don’t know what you’re on about.
Trading is for dummies. No one makes consistent money day trading, just setting yourself up for a fall, it's the mediators who become rich!
This guy loves himself so much it's almost sickening.
+Christoffer Ekman Yeah, how awful to be a winner in life and be proud of it!
It is pretty awful and very unbecoming, I agree.
+Christoffer Ekman what video are you watching? he's down to earth and doesn't big himself up at all, you jealous mug
Confidence comes from being really good at something, I think he's funny and very honest.
Joe Gaming totally agree he's down to earth and seems a genuinely nice guy