Lord Anton Kreil

Mar 30, 2013
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#31
Don't waste your money, these guys can't teach you to trade.
haha okay but can you give me some reasons as to why he cant? I mean he worked at GS, Lehman Brothers and JP Morgan?? Surely, he knows what he is talking about. Plus, can you recommend me a book or website for beginners? Thanks man
 

Lord Flasheart

Well-known member
Jan 20, 2004
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#32
haha okay but can you give me some reasons as to why he cant? I mean he worked at GS, Lehman Brothers and JP Morgan?? Surely, he knows what he is talking about. Plus, can you recommend me a book or website for beginners? Thanks man
Please dont assume that if a guy worked for so and so and knows what he is talking about that he can either teach you to trade or trade himself. it is a totally different concept. The moment we press that trade button all sorts of emotions take over and have veru little to do with set ups and methods
 
Oct 11, 2006
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#33
haha okay but can you give me some reasons as to why he cant? I mean he worked at GS, Lehman Brothers and JP Morgan?? Surely, he knows what he is talking about. Plus, can you recommend me a book or website for beginners? Thanks man
If he's any good whys he not trading and making millions instead of flogging courses at the Travelodge?
 
Mar 30, 2013
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#35
If he's any good whys he not trading and making millions instead of flogging courses at the Travelodge?
Fair point. Then, where should a beginner start in trading?
 
Apr 10, 2006
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Valletta
#36
Fair point. Then, where should a beginner start in trading?
That's a difficult question to answer. I would probably argue that you should start by trying to define what you actually want to gain from doing this, what kind of returns you want, what sort of risks your comfortable with etc, and then take a long hard look at what resources you have in terms of time, money, skills you already possess, and skills you need to develop etc. A lot of this stuff is defining what suits your personal psychological profile.

Taking a look at the trading plan template developed by Timsk here at the t2w zoo might be a possible starting point.

http://www.trade2win.com/articles/886-trading-plan-template

Once you know what you want to achieve (and its way more complicated than just the need to make money) you can start trying to identify how to get there. Don't be surprised if it takes you a few years just to get that point, most people never get there.
 
Mar 30, 2013
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#37
If he's any good whys he not trading and making millions instead of flogging courses at the Travelodge?
That's a difficult question to answer. I would probably argue that you should start by trying to define what you actually want to gain from doing this, what kind of returns you want, what sort of risks your comfortable with etc, and then take a long hard look at what resources you have in terms of time, money, skills you already possess, and skills you need to develop etc. A lot of this stuff is defining what suits your personal psychological profile.

Taking a look at the trading plan template developed by Timsk here at the t2w zoo might be a possible starting point.

Trading Plan Template

Once you know what you want to achieve (and its way more complicated than just the need to make money) you can start trying to identify how to get there. Don't be surprised if it takes you a few years just to get that point, most people never get there.
Thank you :)
 
Sep 25, 2012
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#41
I spoke to Anton a few months ago about his mentoring program.

He talked to me on the phone for almost an hour, a very nice chat I must admit.
At the time he told me that his contacts in China were informing him that everybody was ditching iphones for samsung hence he was ready to be short $AAPL.
Well he was spot on as we all know AAPL recent price action.

My opinion is that the guy obviously knows his stuff but as in his example the edge IBs and HFs have is information (the most valuable commodity I know of!!). They talk to company CEOs, have teams of researchers and analysts who works 15hrs a day for traders.
Once you are out on your own it's just you, no info, no research and no analysis. You could obviously do it on your own but you clearly don't have the resources and if you were a trader you are not an analyst now!

I remember reading an interesting article on the FT saying that many if not most of the traders that left IBs or HFs to open their own funds were struggling for the above reasons.

Order flow is not an advantage any more imho as even that is public now even if subject to manipulation.

Anton was working as a trader but doing a lot on MM that is a different story from proprietary trading. He admitted going out with clients a lot and that means he was getting money from commissions more than his trading activity.
He was in charge of IPOs and so on. All activities that differ from proprietary trading.

Anyway for his mentoring program he wants 5-6 grand and all I was told I was given was a few spreadsheets, a couple of PDFs and him monitoring my positions so I said no thanks!

When I read mentoring program I was expecting to sit with him and see him trading and learn how to behave is certain situations. If not every day at least sometimes.
So there is not much one to one interaction apart from chat messaging and few phone calls.

My view is that trading is all about experience. Everybody is able to compare few indicators and ratios and pick a stock or the other but to be a trader you need to learn how markets behave and you do this just by watching it day in and day out constantly.

Now, about why he teaches instead of trading that's a good point. He is obviously after money and a smart guy so I think he pursues any viable way to make it. He seems to have worked pretty hard on the road to gain exposure and a reputation so he clearly saw an opportunity here and I wouldn't blame him.
I can also imagine that trading becomes a mechanical and repetitive thing after years of doing it and especially if you are sitting at home on your own I could be boring.
He also has a massive ego and he likes showing people that he knows more than you so teaching makes him happy I guess.
My concern is that from a guy who worked for 15 yrs as a trader at IBs and claims still making a lot of money trading I would expect him to be sitting in a luxury office in Mayfair while if you look at his recent videos, his office looks more like my bedroom when I was at uni!!!!!!

Bottom line is that he clearly knows what he is talking about than if his courses and program are worth doing I can't tell.
 

NVP

Well-known member
Jun 21, 2004
35,607
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fxcorrelator.com
#42
I'll break it down for you. This is how the Anton Kreil scheme works:
Anton lures in young traders promising them that they could be recruited by hedge funds.
The naive young men who signed up for his "institute" try to give their best performance.
He in turn copies all their best trades and lists them in newsletters and sells it to other people. Or he simply copies their trades and makes a profit.
Anton is one of those traders who had to sit and monitor bank trades, which means he has no real freaking clue about trading.
how is this different from every other large trading group or investment bank ?...hahahahaha :p
 

D70

Well-known member
Nov 28, 2009
839
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#43
I spoke to Anton a few months ago about his mentoring program.


When I read mentoring program I was expecting to sit with him and see him trading and learn how to behave is certain situations. If not every day at least sometimes.
So there is not much one to one interaction apart from chat messaging and few phone calls.

My view is that trading is all about experience. Everybody is able to compare few indicators and ratios and pick a stock or the other but to be a trader you need to learn how markets behave and you do this just by watching it day in and day out constantly.

He also has a massive ego and he likes showing people that he knows more than you so teaching makes him happy I guess.
My concern is that from a guy who worked for 15 yrs as a trader at IBs and claims still making a lot of money trading I would expect him to be sitting in a luxury office in Mayfair while if you look at his recent videos, his office looks more like my bedroom when I was at uni!!!!!!

Bottom line is that he clearly knows what he is talking about than if his courses and program are worth doing I can't tell.
15 years?
He joined GS at 21ish and "quit" to go travelling at 28ish.
Hardly 15 years.
 
Jun 17, 2013
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#45
Hello everybody. I read the whole post and I appreciated your feedbacks.
I was actually thinking to get his 3000$ course or ask him for some mentorship.
As many, I thought that asking for 3000$ for a basic training knowledge made me think that even if he worked for good companies he still needs to make money from teaching more than from trading.
Thanks for sharing your experience, I will definitely stay away from his company.