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Anton Kreil Annihilates Retail Brokers and "Trading Educators"
I have seen many videos on youtube by Anton and there are many things that I observed, and made me suspicious about him:
1) he seems to have no formal education... and he is quite proud of that, in his vision of life you are worth as an individual as much as your bank account. He dislikes university and formal education. Honestly I think being a great person is more valuable than how much you make a year
2) he bases all his criticism of retail trading, on the (false) assumption that retail trading has anything to do with what investment bankers do. Basically you either come from Goldman, JPmorgan, Citibank etc... or you are useless and have no idea of what you are doing. I don't think the timeframe and the risk parameters that big banks use have anything to do with what retail traders do. Look at big funds, that make 10% a year (if they are good), a retail trader with a 30K account can make the same return in one day..... I am not saying one is better that the other, they are completely different games.
3) he has so many absolute truths... he knows "the right way" to trade, "the right way" to manage finance... "the right way" to live.... and he can give you lessons about basically everything, from macro economics of entire countries to human relations. The lack of complexity of his thoughts is in itself a synonymous of a poor intellect. As the German philosopher Hegel would say: true understanding lies in retaining the complexity of a subject.
4) he criticize flashy lifestyle that many youtube traders promote, but then he makes courses in very flashy places.... and takes videos around the beach or in 5 stars hotel. To explain the value of money, he takes out a 20K USD cash.... why does he do that? to show everybody that he has 20K at hand? come on!!
I think he is just somebody that had a great career in the corporate world ....will he teach you how to organically grow a small account of 50K USD?? I don't know.
I think if you go to the jungle you'd rather have as a guide a local than a Harvard phd... same thing, if you want to trade your small account, why do you want to learn from an former Goldman's boy?
Also, some more "strange things " I observed in his pictures....
1) many pics / videos with cash!!! nowadays cash is useless in many places... you can pay by credit card almost everywhere.
2) champagne!! he loves MOET.... obviously a brand. I don't know you guys, but I prefer good wine. You can buy good red wine for 20 USD.
3) look at the picture with the 4 screens: 2 are hidden behind one, which makes no sense.... the you have two visible screen in a room full of light. The light coming from the windows normally is quite bothering and does not allow you to see the screen clearly.
Everything looks too "fancy" to me.
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for me the fact that he is bragging about a the potential trade on Turkish Lira is the final proof that he is not reliable.
As a trader the key factor is implementation, I can tell you now that the SP500 is going to fall and then the day it falls, I can show you how smart I was..... but you make money if you time market correctly.
Besides the fall in Turkish lira had nothing to do with his analysis....
at least Anton has an opinion ! Even if the opinion is wrong it is still better than to relay on chart-???.
What is good with Anton that he is for example not recommending Daytrading . Of course some gamblers don't like to hear that and are very frustrated by this kind of training!
I don't agree with what you say, having an opinion is not necessarily a good thing. It makes you enter a trade with biases, which are maybe correct in a completely different time frame.
I think you don't need to have a long term opinion to make money in the market, and that more often than not a long temr opinion might cause a lot of problems.
This is my opinion, of course... but if you are profitable in any other way, good for you!
Also, I don't think it's very respectful to automatically define every day trader as a gambler.
There many day traders in the world (and in this website) that know exactly what they do. They are not gamblers, and they gain substantial amount of money.
Trading based on macro-economics considerations is also viable, and I respect that.... but to me if you don't optimize timing, that willl not allow you to make money.
Gamblers are those who live in this Candlestick-World ( 100 Percent "technical" not 80 to 20 Percent ) If you make a seminar and tell those guys you buy for example Palladium due to a shortage they are very frustrated if Palladium has not 2 green Candlesticks followed by a red one all the time .
I am sometimes using a candlestick Chart and I am sometimes daytrading .
I think Anton is giving us trader a better image than others who sell the trading a game and as a Playstation .
