It wouldn't ask the Australian government to lend it money in Australian dollars, which it would then convert into pounds via the Forex markets.
That's my understanding anyway, but I could well be wrong.
Jeff
Naffman wrote:I'm confused now
Anton Kreil - Institute of trading.
My understanding is that, if the UK government wants to borrow from abroad, it would issue bonds, which people from Australia and elsewhere could pay for in pounds.
It wouldn't ask the Australian government to lend it money in Australian dollars, which it would then convert into pounds via the Forex markets.
That's my understanding anyway, but I could well be wrong.
Jeff
It wouldn't ask the Australian government to lend it money in Australian dollars, which it would then convert into pounds via the Forex markets.
That's my understanding anyway, but I could well be wrong.
Jeff
I didnt know where to put this, so, as its finance, I put it here.
Its a 1hr long conversation with ex-top flight poker player, turned hedge fund manager.
http://traffic.libsyn.com/lifeafterpoke ... rasser.mp3
Its a 1hr long conversation with ex-top flight poker player, turned hedge fund manager.
http://traffic.libsyn.com/lifeafterpoke ... rasser.mp3
Came across this thread and I thought I’d share my insights.
I am currently taking Anton Kreil’s PTM (Professional Trading Masterclass) course and will join him in Thailand for the mentorship programme.
My view so far is that the PTM course is one of the better courses I have seen. It is really well structured and technically rigorous. The focus of the course is fundamental analysis but there is a heavy risk management emphasis and trading a whole portfolio as opposed to separate disparate trades.
The course uses statistics in a sound way for portfolio optimisation, position sizing and to contextualise potential returns of each trade taking into account volatility.
I have been to many business schools (some of them very highly ranked) and the approach he follows has all the hallmarks of the kind of rigour which I have experienced in business schools.
It is a fallacy that he does not take price action and technical analysis into account, but he does not use them as a source of a trading idea. Those aspects will only be looked at once you have the trade idea and want to verify if the timing is right to place the trade.
The way stocks are selected is based on fundamentals and here as well I have recognised the rigorous analysis that I have come to experience in business schools (I was even pleasantly surprised).
Anton will also use leverage in the form of options to enhance his returns, but this is part of the POTM course which I have still not started.
What needs to be clear is that he is not teaching a trading strategy per se. He is teaching a trading process. It’s a process of risk management and trade selection but it’s not so much like what you would see in an algorithm where someone discovers some new signal which needs to be kept secret. He teaches a process or running a trading book and choosing good trades. The difference is nuanced but this is as best as I can explain it.
I have not yet started trading using his methods so I don’t have any monetary return to show for yet, but in general long / short equity hedge funds tend to return between 10% and 30% yearly. With options probably more than that. Retail traders have less constraints so that should also help enhance returns. But… the proof is in the pudding. I’ll update after the mentorship.
I am using his course as a starting point to get the rigorous risk management aspect. Over time I see myself evolving what I was taught to create my own personalised trading style and perhaps even move away from equities into assets with more volatility as well as automating many things with algos. But I definitely think his course is worth it as a sound starting point. Trading is a journey of discovering your own style and adapting it and evolving it over time.
Hope this helps.
I am currently taking Anton Kreil’s PTM (Professional Trading Masterclass) course and will join him in Thailand for the mentorship programme.
My view so far is that the PTM course is one of the better courses I have seen. It is really well structured and technically rigorous. The focus of the course is fundamental analysis but there is a heavy risk management emphasis and trading a whole portfolio as opposed to separate disparate trades.
The course uses statistics in a sound way for portfolio optimisation, position sizing and to contextualise potential returns of each trade taking into account volatility.
I have been to many business schools (some of them very highly ranked) and the approach he follows has all the hallmarks of the kind of rigour which I have experienced in business schools.
It is a fallacy that he does not take price action and technical analysis into account, but he does not use them as a source of a trading idea. Those aspects will only be looked at once you have the trade idea and want to verify if the timing is right to place the trade.
The way stocks are selected is based on fundamentals and here as well I have recognised the rigorous analysis that I have come to experience in business schools (I was even pleasantly surprised).
Anton will also use leverage in the form of options to enhance his returns, but this is part of the POTM course which I have still not started.
What needs to be clear is that he is not teaching a trading strategy per se. He is teaching a trading process. It’s a process of risk management and trade selection but it’s not so much like what you would see in an algorithm where someone discovers some new signal which needs to be kept secret. He teaches a process or running a trading book and choosing good trades. The difference is nuanced but this is as best as I can explain it.
I have not yet started trading using his methods so I don’t have any monetary return to show for yet, but in general long / short equity hedge funds tend to return between 10% and 30% yearly. With options probably more than that. Retail traders have less constraints so that should also help enhance returns. But… the proof is in the pudding. I’ll update after the mentorship.
I am using his course as a starting point to get the rigorous risk management aspect. Over time I see myself evolving what I was taught to create my own personalised trading style and perhaps even move away from equities into assets with more volatility as well as automating many things with algos. But I definitely think his course is worth it as a sound starting point. Trading is a journey of discovering your own style and adapting it and evolving it over time.
Hope this helps.
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arbitrage16
- Posts: 562
- Joined: Tue Feb 14, 2017 7:27 pm
Very interesting thanks for sharing. What prompted you to take the course? Are you also a sports trader?
Never considered his courses or looked at any of his trading advice, but as far as his non-trading advice goes this particular video was quite an eye-opener for me years ago. It highlighted the areas I needed to work on and the mindset shifts I had to make, so I still have the cut-up version saved.
Like most people I've seen his Million Dollar Traders show on BBC2, and there's a million similarly named videos on Youtube nowadays but I think very few come from ex-Goldman Sachs traders.
Like most people I've seen his Million Dollar Traders show on BBC2, and there's a million similarly named videos on Youtube nowadays but I think very few come from ex-Goldman Sachs traders.