Anton Kreil ex Goldman Sachs Trader Tells Truth about Trading - Part 1

In this blog post, we will be discussing Anton Kreil’s career in trading and the information he presents in the youtube video “ex Goldman Sachs Trader Tells Truth about Trading - Part 1” . Anton Kreil is a well-known trader who began his career at the age of 16 with his own money. He was later recruited by prestigious firms such as Goldman Sachs, Lehman Brothers, and JP Morgan before retiring and traveling the world. He also participated in a program called “Million Dollar Traders” and went on to form his own company called The institute of Trading and Portfolio Management (ITPM).

Anton Kreil the beginning.

Anton Kreil’s journey into the world of trading began when he was 16 years old. Growing up in Liverpool, he watched documentaries on television about the markets and was inspired by the success stories of traders in Thatcher’s Britain. Believing that he could do it too, he opened a trading account with a local stockbroker in the north of England. During this time, trading was done with physical stock, and leverage or borrowing money was not possible. Despite these limitations, Anton found success by focusing on IPO situations where he could buy stocks in the morning and sell them at a higher price later in the day.

Trading during University.

Even while attending university, Anton continued to trade. He was fortunate to be trading during the tech bull market of the late 1990s and early 2000s. His typical routine involved waking up early, doing research, placing trades, attending lectures, and then flipping his positions during lunchtime. Trading during this time was not as convenient as it is today, as everything was done over the phone or through dial-up internet connections. Despite these challenges, Anton was able to navigate the markets and make profits.

Becoming a Professional Trader

Anton’s success as a trader caught the attention of Goldman Sachs, who recruited him after he shared his track record with one of their traders. This method of differentiating oneself through real trading experience is still relevant today, according to Anton. He believes that having a track record of real trading and applying trading methodologies with real money can make a candidate stand out in a sea of applicants with similar educational backgrounds.

Employed by Goldman Sachs

At Goldman Sachs, Anton underwent an official training program in New York, which involved sitting in lecture theaters and learning about applied finance. However, he believes that the real learning happened when he returned to the trading desk and started trading with real money. During his time at Goldman Sachs, Anton experienced many highlights, including being thrown into the fast-paced tech boom of the early 2000s and being given responsibilities such as participating in IPOs and raising capital for companies.

Starting up ITPM

After spending four years at Goldman Sachs, Anton moved on to other ventures, including starting his own company. He highlights the importance of gaining real trading experience and believes that it is crucial for aspiring traders to trade with real money, even if they incur losses. This experience can be seen as an investment in their trading education and can be valuable when applying for positions at investment banks or hedge funds.

In terms of the current trading landscape, Anton mentions that volatility is essential for traders to make money. He notes that the forex market has seen a decrease in volatility in recent years, making it challenging for day traders to profit. On the other hand, equities historically have higher volatility, providing more opportunities for traders.

Conclusion

In conclusion, Anton Kreil’s career in trading is an inspiring journey that started at a young age. Through his own determination and real trading experience, he was able to secure positions at prestigious firms and achieve success in the trading world. His advice to aspiring traders is to gain real trading experience and differentiate themselves through their track record. Additionally, he emphasizes the importance of volatility in creating opportunities for traders.

Frequently Asked Questions

How did Anton Kreil start trading?

Anton Kreil started trading at 16 with his own money after opening an account with a local stockbroker in the north of England. He was inspired by television documentaries about the markets. He found early success focusing on IPO situations, buying stocks in the morning and selling them at a higher price later in the day.

How did Anton Kreil get hired by Goldman Sachs?

Goldman Sachs recruited Anton Kreil after he shared his real trading track record with one of their traders. He believes a track record of trading real money can still help a candidate stand out from applicants with similar educational backgrounds.

Why does Anton Kreil say volatility matters for traders?

Anton Kreil says volatility is essential for traders to make money. He notes that forex volatility has decreased in recent years, making it harder for day traders to profit. Equities have historically had higher volatility, which gives traders more opportunities.