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Anton Kreil's popular Youtube Video
8 Years ago Anton Kreil released the YouTube video 10 Secrets to Achieve Financial Success. This has been extremely popular and amongst the YouTube Trading community as it shows Anton's critical thinking towards financial success that is unlike anything else that has been published.
In this fly on the wall documentary style interview, Anton is probed by interviewer Tom Murray on what it takes for people to become financially successful and to obtain personal freedom. The result is an epic journey around the world, providing a glimpse into the life of one of the most successful financial markets traders in the world over the last 20 years and his philosophies on money, business and life. During the interview Anton provides 10 key messages that if followed and implemented properly over time, will help anybody achieve financial success and win their freedom.
As a graduate and mentored student of ITPM, Anton Kreil's education platform. I'll go through this video and give you the best parts of information so you don't have to.
Lets dive in!
Respect Money and be Indifferent towards
Respecting money while remaining indifferent towards it is crucial. Here are some key insights to consider from Anton Kreil:
Mindset Shift: Adopting a mindset where one respects the value of money but remains emotionally detached from its fluctuations is essential for making rational investment decisions.
Emotional Discipline: Being indifferent toward money helps traders avoid making impulsive decisions based on fear or greed. This emotional discipline can lead to more consistent and successful trades.
Respecting the significance of each dollar in a portfolio encourages thorough risk management. Traders who understand the value of their money are more likely to implement effective risk mitigation strategies.
By respecting money and taking a long-term perspective, investors tend to focus on fundamental analysis rather than short-term market volatility.
Case Study: Warren Buffett, known for his respect for capital and long-term perspective, exemplifies how this approach can lead to substantial wealth creation over time through prudent investment choices in undervalued companies. This is not the trade horizon focused by ITPM, however it is just another trading strategy used by hedgefunds and investment bank.
Many people misunderstand the concept of risk, viewing it as a two-dimensional concept of potential reward or loss. However, risk is subjective and varies based on individual circumstances. For example, quitting a job without a backup plan may seem risky, but the potential upside of finding a higher-paying job far outweighs the downside of earning less. By assessing risk objectively and understanding our own situation, we can make better decisions for our future.
Build and Own your own infrastructure
To achieve success, it is crucial to build your own infrastructure and minimize personal liabilities. This involves saving, living within your means, and working towards financial freedom. By valuing your time and making informed decisions, you can create a life that aligns with your goals. Traveling can provide valuable perspective and help you appreciate the importance of freedom and independence.
Travel, Get Perspective, Get your Dream Life
Traveling can provide a fresh perspective and valuable insights for traders and portfolio managers. Experiencing different cultures, economies, and financial systems can offer unique opportunities to understand global markets.
Cultural Understanding: Immersing oneself in diverse cultures can lead to better understanding of consumer behavior, economic trends, and market dynamics. For instance, visiting emerging markets like India or China may provide firsthand insight into the growth potential of these economies.
Networking Opportunities: Traveling offers the chance to connect with international professionals in the finance industry. Attending conferences or seminars abroad allows individuals to build a global network that can be advantageous for trading strategies and investment opportunities.
Risk Diversification: Investing in foreign assets or securities after gaining an understanding of their respective markets through travel can help diversify risk within a portfolio. This firsthand knowledge enables informed decision-making when considering international investments.
Adaptability Skills: Exposure to different environments fosters adaptability skills crucial for successful trading. Adapting quickly to new regulations, market behaviors, and geopolitical events is essential for effective portfolio management across various regions.
Risk is Subjective, not Two Dimensional
It's crucial to understand that risk is not a one-size-fits-all concept. Here are some key insights:
Personal Risk Tolerance: Each individual has their own unique risk tolerance level. Some may be comfortable with high-risk investments, while others prefer more conservative options. Understanding this subjectivity helps in tailoring investment strategies.
Psychological Factors: Emotions play a significant role in how individuals perceive and handle risks. Fear of loss or the allure of potential gains can heavily influence decision-making processes.
Market Conditions: The perception of risk can fluctuate based on market conditions. For instance, during periods of volatility or economic uncertainty, investors might perceive higher levels of risk even if the fundamental data remains unchanged.
It's important for traders and portfolio managers to acknowledge these subjective aspects when assessing risk and making investment decisions. By doing so, they can better align their strategies with clients' preferences and market conditions.
Seek out Alternative Education
When seeking alternative education in trading and portfolio management, consider the following:
Online Courses: Look for reputable online platforms offering comprehensive courses on trading strategies, technical analysis, and risk management.
Specialized Workshops: Attend workshops conducted by experienced traders or financial institutions. These workshops often offer hands-on experience and insights into real-world trading scenarios.
Mentorship Programs: Join mentorship programs offered by established traders or investment firms. Mentorship provides personalized guidance tailored to individual learning needs.
Welcome to the Institute of Trading and Portfolio Management!.
The Institute of Trading and Portfolio Management was set up in 2011 to educate, coach and mentor Retail Traders into becoming long term consistently profitable. This is the best online trading education that I have been able to find and have great success from. See my review here.
Value your Time
Learning to value your time is an important factor to the road of success. Working and giving your time away for nothing is a one way road to entering the rat race. The current democratic system has us working 9-5 jobs for a wage that we complete in compensation for wages. We obtain property through debt and pay that debt with our time. Anton, says that we must value our time more preciously and put it towards things that are going to be useful to ourselves financially and not to the system.
If you value your time and when considering joining the Institute of Trading and Portfolio Management, valuing your time is crucial. The institute offers comprehensive courses that are designed to provide practical knowledge efficiently.
Practical Approach: The courses offered by the Institute of Trading and Portfolio Management focus on real-world application, ensuring that students gain actionable skills for trading and portfolio management.
Time Efficiency: With a focus on delivering essential knowledge without unnecessary fluff, the institute's programs respect students' time. This approach allows individuals to learn efficiently without sacrificing depth or quality.
Expert Guidance: By learning from Anton Kreil an experience professionals in the field, students can save valuable time that might otherwise be spent navigating complex financial concepts independently or wasting time through charlatan educators.
If you are a Retail Trader and you really want to learn how to trade Financial Markets like the Pro’s and implement this approach in your Retail Trading account(s) then ITPM is the only serious school / educational resource globally.
The efficient use of time in learning with the Institute of Trading and Portfolio Management allows individuals to acquire practical skills effectively. This emphasis on efficiency ensures that participants can make tangible progress towards their trading goals within a reasonable timeframe.
Ditch the Smart Phone
It's no secret that smartphones are a constant source of distraction. Ditching the smartphone can significantly improve focus and productivity.
Reduced Distractions: Without the constant pings of notifications, learners can fully immerse themselves in the educational material provided by the Institute of Trading and Portfolio Management (ITPM).
Enhanced Learning Retention: Studies have shown that multitasking with a smartphone can reduce retention rates. By eliminating this distraction, individuals can absorb and retain crucial trading strategies more effectively.
Improved Time Management: With fewer distractions, students may find they have more time available for studying. This could lead to better understanding of complex concepts and ultimately improved performance in real-world trading scenarios.
Although I don't entirely agree with this statement from Anton, I fully understand that smart phones if not used correctly can be a complete time waster. I see the phone as a resource that I am able to use to make me more efficient and effective with the time I have available.
Mainstream Media is Useless. Don't consume it
It's important to be cautious when consuming mainstream media as a source of financial information. Here are some reasons why:
Sensationalism: Mainstream media often sensationalizes financial news, creating unnecessary panic or excitement among investors without providing a balanced view.
Conflict of Interest: Many mainstream media outlets have ties to the companies they cover, potentially leading to biased reporting and recommendations.
Lack of Depth: Due to time constraints, mainstream media rarely delve deeply into complex financial topics, leaving viewers with only surface-level understanding.
Short-Term Focus: Media coverage tends to emphasize short-term market movements rather than long-term investment strategies, which may not align with individual financial goals.
Instead of relying solely on mainstream media for financial insights:
Consider alternative sources such as reputable finance websites, independent research reports, and educational platforms like, The Institute of Trading and Portfolio Management for comprehensive and unbiased information.
Choosing Financial Role Models.
When selecting role models in trading and portfolio management, it is crucial to align the choice with one's objectives. Here are some key insights to consider:
Has the Person you are getting advice from traded in financial markets?: If the answer is "no", then why are you taking there advice in the first place? Do they have a track record that they can prove to you. Do they actually know what they are talking about. All of the mentors at ITPM, are previous professional traders at investment banks and hedge funds. There track records can all be vetted through regulatory authorities for the countries in which they worked.
Risk Management: For individuals focused on risk management, looking up to professionals who have effectively mitigated risks in their portfolios can provide valuable lessons. Ray Dalio, renowned for his risk-parity strategy at Bridgewater Associates, serves as an exemplary figure in this regard.
Trading Strategies: Traders aiming to refine their strategies should seek role models who have excelled in specific trading methodologies. For example, Paul Tudor Jones' success with macro trading or Linda Bradford Raschke's expertise in short-term trading could offer valuable insights tailored to different approaches.
There are a lot of charlatan educators within the financial and trading spaces on the internet. Take everything that you read with a contrarian analysis and ensure that you are vetting what people are telling you!.
Get Trader Mentoring by one of the Institutes World Class Professional Traders!. See and vet them all here.
Conclusion
10 Secrets to Achieve Financial Success is still an amazing video with many of the principles Anton was discussing holding true to this day. As you can see I didn't go through all 10 secrets within this article. If you want to what the video to see the other two items discussed by Anton, you can see it on my webpage www.theinstitutetrader.com.
By seeking alternative education , building your own infrastructure, valuing your time, and choosing the right role models, you can make informed decisions and work towards financial freedom. It is important to challenge traditional education and societal influences to pave your own path to success. Remember, success is subjective, and by understanding risk objectively, you can make better choices for your future.
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