IPLT Review – it is an introduction to the thought-process of a Professional Trader.


ITPM Review – Read my Personal Review of Anton Kreils IPLT Course

Trading Introduction Course

The IPLT is an introduction to the thought-process of a Professional Trader – the ideal starting point as a retail trader, presented by ex-Goldman Sachs trader Anton Kreil.


18+ Hours of Video Classes


All necessary Spreadsheet Templates


IPLT Exam and Certificate


50% IPLT DISCOUNT – Only $649 $1,299*

* As an official ITPM Affiliate I can offer you exclusive discounts!

Price will be reduced after checkout


Content


  • Assessment of Market/Asset Opportunity & Risk
  • Introduction to Long / Short Portfolio Management
  • Asset Volatility Masterclass
  • Implied vs. Realized Volatility


“Learn to assess where opportunities are in every market environment. Calculate volatility and risk of stocks and your portfolio!”

When I did the Introduction to Professional Level Trading (IPLT), it guided me to approach my trading more professionally. It helped me to understand statistics, something I didn’t like at all during school or university. Actually I had to redo one semester because I failed statistics – would I have known about the stock market back then…

Thanks to the course, I am able to calculate in every market environment at any given time where opportunities are in the market. As traders we need volatility to make money and therefore we need to embrace it. We need to fully understand it and we need to be able to assess it, not only for certain stocks but also for our portfolio. The IPLT taught me everything I need in these regards.

With around 18+ hours in 10 videos, the Introduction to Professional Level Trading (IPLT) is the perfect entry-level trading education. The content is split into the following key topics:

  • Professional Traders vs. Retail Traders
  • Realized Volatility
  • Implied Volatility
  • Portfolio Volatility

As you can see, volatility is an important topic in trading because it shows you where the opportunities are in the market. As trader we can only make money if stock prices move – we need volatility. Therefore a basic understanding of statistics and probability calculation is needed to assess information and data respectively. In the course you will learn everything you need in that aspect, from standard distributions, mean, median, mode, dispersion, skewness, kurtosis,… you name it! You will also learn about the difference between realized and implied volatility and how to calculate portfolio volatility.

Professional Traders vs. Retail Traders

How do professional traders think compared to retail traders? Anton Kreil answers this question in the beginning of the series. What works in the market, what doesn’t work in the market, and where do retail traders have an edge against big funds or investment banks? Do they actually have an edge?

Also, there is a difference between trading and investing, which is explained in the course. The sweet spot lies between 20 to 60 trading days. Anton Kreil explains in detail, why we don’t have an edge in short term trading and when it becomes investing.

IPLT Review & Content 1
Professional Trader vs. Retail Trader & Realized Vol

Realized Volatility

During this episode, Anton Kreil shows the Distribution of Returns (DoR) analysis for various financial instruments, such as bonds, currencies, equity indices, mega caps, large caps and mid caps. You will, like always with ITPM, get all Excel spreadsheets to download and further use. You will then do a DoR excersie by your own! Why is it important to know the volatility of those instruments? Because then you know where the opportunity lies within the market!

Following the Distribution of Returns (DoR) analysis the course shows you one more method to calculate realized volatility – Average True Range Percentage (ATRP). ATRP expresses the Average True Range (ATR) indicator as a percentage and allows you to compare the volatility of various securities. Beside the education you will also get a template where you add the stocks data and it calculates everything for you. There is also a summary for a ton of instruments and stock indices available.

Implied Volatility

IPLT Review & Content 2
Realized & Implied Volatility, Introduction to Portfolio Volatility

Implied volatility is the projection of the future volatility of the market or a specific stock, based on option prices. Implied volatility is an important measure because it is the only unknown variable in the ‘Black-Scholes formula’. Hence market makers use this model to determine the price of an option!

In the two videos about implied volatility you will learn everything you need to know about it in terms of your trading process. There is a video and downloadable PDF about VIX hedging. The VIX is an implied volatility index on the S&P500 and it is designed to produce a constant measure of 30-day expected volatility (presented as an annualized figure) of the US stock market, derived from real-time mid-prices of S&P500 options.

Portfolio Volatility

The last two videos of the episode are dedicated to portfolio theory. You will learn about diversification, how many positions actually make sense, when it is too much because correlation doesn’t change, how to calculate the volatility of your portfolio, or how to calculate 1, 2 or 3 standard deviation moves.

Anton Kreil exam
Portfolio Volatility & Exam Preparation

There is a clear sweet spot regarding the amount of your positions. Chris Quill explains the portfolio theory very detailed. The Institute of Trading and Portfolio Management (ITPM) provides you with an Excel spreadsheet, covering all of the questions above. There is a template included that you can update on a regular basis in order to calculate the volatility of your portfolio. You can model changes to your portfolio, e.g. closing of positions or adding new ones.

Overall I find the presentation style suitable and it reminded me of university. The content is presented mostly with power point slides which is an easy to follow format. You can pause the videos and go over the slides countless times.

Anton Kreil presents most of the course, some of the Excel spreadsheet classes are done by Chris Quill.

I am not a 100% happy with the presentation, because: Firstly, the courses containing Excel training were quite lengthy for me since I am not an Excel novice. If you are, you might actually enjoy the slow pace. Secondly it would be nice to have a little bit more variety in the style of presentation.

Everybody learns best in a different environment!

The course is well structured. Firstly, it’s starting with an introduction, continues with defining opportunities and is followed by a volatility masterclass. Surely there are Excel spreadsheet classes in between the ‘theoretical’ videos.

In my perspective it would have been nice to split some of the videos and shorten them. The lengths of three out of the ten videos is around three hours, which is quite a lot to process when you are new to a topic. Of course you can stop them and start where you have stopped later, but I would have liked that the Institute of Trading and Portfolio Management (ITPM) cut the content into smaller pieces.

I guess this is liket to complain about first world problems. Obviously they are experts and I guess they must have had a few thoughts on the course structure. In the end, we can always pause or rewatch the content.

Although the Introduction to Professional Level Trading (IPLT) costs regularly $1,299 it is, for the high level of education, in my perspective totally worth it. It will teach you how professional traders are approaching the market for a very fair price.

Who does the course benefit the most? No matter your experience as a trader this course will add value, if you seek a more professional approach. It is a masterclass in asset volatility to find opportunities and risk.

* As an official ITPM Affiliate I can offer you exclusive discounts!


Are you interest in other ITPM Trading Courses?

Check out my reviews of Professional Trading Masterclass (PTM) or the Professional Options Trading Masterclass (POTM)!

Do you want a 50% Discount on all ITPM Courses?

Check out the link below for juicy Discounts!

Do you want to share your experiences with the IPLT? Leave a comment below!

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