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Anton Kreil Annihilates Retail Brokers and "Trading Educators"


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Anton Kreil Annihilates Retail Brokers and "Trading Educators"

  #51 (permalink)
 smtlaissezfaire 
Oakland, CA
 
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I can if there is demand. Didn't want to waste the effort if there isn't.

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  #52 (permalink)
 dk27 
Europe
 
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Of course there is, please go ahead.


smtlaissezfaire View Post
I can if there is demand. Didn't want to waste the effort if there isn't.


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  #53 (permalink)
 smtlaissezfaire 
Oakland, CA
 
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Ok - uploading a video to youtube just because it was easier than writing / editing a really long response.

It's ~ 30 minutes (!) Curious on any feedback.

Will post once it's uploaded.

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  #54 (permalink)
 smtlaissezfaire 
Oakland, CA
 
Experience: Intermediate
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Trading: US Treasuries Futures
Posts: 83 since Jun 2018
Thanks Given: 95
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  #55 (permalink)
 
snax's Avatar
 snax 
Chicago, IL
Legendary Price Action Student
 
Experience: Beginner
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Thank you for sharing, @smtlaissezfaire!

I think you are right in that long/short requires a ton of work as does any worthwhile strategy. I have always been a "buy and hold" kind of investor outside of futures, so maybe some kind of spreading or pairs-trade over a longer timeframe, even just a few days or a week, might be a good way for myself or others to bridge that gap between passive investing and the "excitement" and risk of day-timeframe futures trading.

Another avenue that I believe can lead to more consistent wealth-generation is selling option premium. I'm taking my time learning the ins and outs of it but eventially I think I will integrate it into my overall approach to the markets.

i appreciate the time you took to make that and I agree that it sounds like you can find the info from the course for free elsewhere. I am always open to new ideas though.

cheers!

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  #56 (permalink)
 smtlaissezfaire 
Oakland, CA
 
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Off topic, but:

@snax Check out - https://www.amazon.com/Option-Traders-Hedge-Fund-Framework/dp/0134807529/ref=sr_1_fkmr1_1?keywords=insurance+option+premium+hedge+fund&qid=1580494882&sr=8-1-fkmr1

Make sure you understand the greeks. There was a great series of udemy that was like $10 a course (since udemy always has these sales going on) that described a lot of it and I thought it was well worth it to get the basics down. Since it's off topic I can point you to it if you are curious off thread (I'd have to dig it up).

Obviously the option classics like Sheldon Natenberg are out there as well.

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  #57 (permalink)
 
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 SMCJB 
Houston TX
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smtlaissezfaire View Post
Ok - uploading a video to youtube just because it was easier than writing / editing a really long response.

It's ~ 30 minutes (!) Curious on any feedback.

@smtlaissezfaire that was excellent, Thank You. Great idea doing it as video rather than spending so much time writing and editing and re-editing a long post.

Regarding trading - my experience is in the energy arena, where I have worked for some of the largest energy trading companies in the world over the last 25 years. Every where I worked the companies edge was fundamental information. They had a better idea of what was happening, and will happen in the market than many others. Not only did they have teams of analysts but also quants and meteorologists. In those years the people who made AND lost the most money were traders who made outright directional trades. The people who consistently made money year after year were nearly all trading a spread or portfolio of some sort or other that was more dependent upon inter or intra commodity relationships rather than pure direction.

Finally TT's ADL is an amazing tool!

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  #58 (permalink)
 smtlaissezfaire 
Oakland, CA
 
Experience: Intermediate
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This is also slightly off topic, but...I have been rattling this idea around my head, although I'm not sure where it belongs.

Learning to trade has been a very difficult thing. The hard part hasn't been sitting down to the work, or even to learn the markets, but the web of lies + BS that is involved in a retail trader trying to learn the markets. And more frustrating has been the money, but even more so - the time invested - in things that don't or haven't worked.

I've noticed that almost every site for retail traders has some sort of promotion. Even futures.io, which I believe is largely above board, is sponsored by others (I regularly see ads for Jigsaw, Topstop, etc.) This may or may not cause a conflict of interest by futures.io, but it sometimes leads me to wonder / question if there are fake accounts, posts, or people who aren't totally above board on here (are they receiving money from others etc?). Same goes for certain "free" chat rooms. Of course that's not necessarily futures.io _fault_ per se.

If nothing else, (for futures.io) it obviously creates a conflict of interest between the members (who pay) and the sponsors (who also pay). "You can't serve two masters" as the saying goes.

Since I'm a developer, I've thought about setting up a site which is just video reviews of trading products, but I'd need some way to filter out potentially bogus reviews. I like the idea of video reviews because it's hard to fake a video of someone talking who has obviously taken the course.

I also like the idea of splitting up these reviews into two parts: 1) objective. here's what the course contains and 2) subjective. here's my opinion of the course, if I'll use it, etc.

Curious on what others think of these ideas.

I've run across two main review sites - one which seems OK, the other seems largely bogus. Also - that site mentioned above ("rip off report") is obviously garbage. They didn't even get the website right! And the review had zero substance.

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  #59 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
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Broker: Advantage Futures
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Re: futures.io @Big Mike has very strict policies about a) not having multiple accounts and b) requiring members to register if the are commercial in anyway (the vendor title). He's also very strict to enforce said policies with suspensions and banning. futures.io also doesn't tolerate the keyboard warrioring and trolling that so many other sites are ruined by, which to me is one of it's greatest attributes.

Re: Video reviews. I think that's a very interesting and good idea. We've moved to a world when you can go to youtube and find a video explaining almost anything so it's probably only a matter of time before much of this goes to video. You could always do some sample reviews, and post them here, just as soon as you have your own site, or start marketing it, make sure you register as a vendor here!

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  #60 (permalink)
 
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 bobwest 
Western Florida
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smtlaissezfaire View Post
I've noticed that almost every site for retail traders has some sort of promotion. Even futures.io, which I believe is largely above board, is sponsored by others (I regularly see ads for Jigsaw, Topstop, etc.) This may or may not cause a conflict of interest by futures.io, but it sometimes leads me to wonder / question if there are fake accounts, posts, or people who aren't totally above board on here (are they receiving money from others etc?). Same goes for certain "free" chat rooms. Of course that's not necessarily futures.io _fault_ per se.


SMCJB View Post
Re: futures.io @Big Mike has very strict policies about a) not having multiple accounts and b) requiring members to register if the are commercial in anyway (the vendor title). He's also very strict to enforce said policies with suspensions and banning. futures.io also doesn't tolerate the keyboard warrioring and trolling that so many other sites are ruined by, which to me is one of it's greatest attributes.

The site moderators, of which I am one, spend a lot of time and attention preventing hidden vendor self-promotion, and posts are deleted and users are banned for violations of the rules. You would not believe how many people try to sneak in their promotional message.

Sponsors and registered vendors operate under rules about what they can and cannot do, and are called on it if necessary.

As to the existence of sponsors, very few good things are provided anywhere for free. Bills have to be paid and a business has to be run. But the well-being of the community is the priority, and comes ahead of other considerations.

And as @SMCJB mentioned, trolling and rude behavior gets banned very quickly.

We want it to be civilized and safe here. Since people will naturally disagree -- basically, about just about anything -- debate, discussion and disagreement are part of what the forum is for. The environment just needs to be civil, and free of hidden commercial influences. We aim to keep it that way. Then, discussions can be productive, not disruptive.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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