PTM Review – The PTM is the flagship educational program. It focuses on a full Professional Trader systematic process in the U.S. Stock Market.


PTM Review – Read my Personal Review of Anton Kreils PTM Course

Stock Trading Course

ITPMs – Professional Trading Masterclass Review

PTM review: The Professional Trading Masterclass (PTM) is the flagship educational program. It focuses on a full professional stock trading, systematic process in the U.S. Stock Market.


67+ Hours of Video Classes


All necessary Spreadsheet Templates


PTM Exam and Certificate


50% DISCOUNTOnly $1,750 $3,499

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

Price will be reduced after checkout


Content


  • Holistic Systematic Trading Framework
  • Assessment of Macroeconomics
  • Assessment of Leading / Lagging and Coincidence indicators
  • Portfolio Construction
  • Trade Idea Generation
  • Trading Psychology
  • Preemptive and Reactive Risk Management


Give a man a fish and you feed him for a day; teach a man how to fish and you feed him for a lifetime

The Professional Trading Masterclass (PTM) is a masterpiece and in my honest opinion the best trading education available on the market. This course provides a holistic process, ranging from macro economical leading indicators to the principles of long / short portfolio management, idea generation including quantitative and qualitative processing, identifying catalysts, macro driven trade ideas, a brief introduction into international markets, technical analysis, trading psychology, preventative and reactive risk management, and trading as a business.

This is not a ‘get rich quick’ education or scheme. The course is for everyone who is willing to put in the work, shows up every week and has a self starter mentality. If you do so, you will learn a repeatable process that will bring the probability to succeed in the financial markets in your favor. You need sufficient starting capital to be able to implement the process.

With more than 67 hours of video classes, the Professional Trading Masterclass (PTM) provides you with a fully fledged trading process. The content is split into the following key topics:

  • Macro economical leading indicators
  • Foundation of long / short portfolio management
  • Trade idea generation quantitative processing
  • Trade idea generation qualitative processing
  • Trade idea generation identifying catalysts
  • Macro driven trade ideas
  • International trade ideas
  • Technical analysis
  • Preventative and reactive risk management
  • Trading as a business
professional trading masterclass
Leading Indicators

Today we live in abundance of information and nearly every information is available within a few mouse-clicks. As traders we need to have a view of the world at all time, factoring in various indicators. But which ones when there are hundreds or thousands available?

Before doing the Professional Trading Masterclass I was overwhelmed by the information available and I didn’t know what’s actually important. The course taught me what actually drives GDP and which indicators to look at in certain times, how to get the data on a regular basis and most importantly how to analyze it. Included in the course are a ton of Excel spreadsheets which will help you to be self sustainable.

There is no rule book in trading and what’s important changes over time. That’s why it is important to make the process ‘your own’. If you understand what moves the market you can adjust your process over time and e.g. include other indicators that you find useful. I did it as well and fine tuned the ITPM process over the years. I recommend you to only do it in small steps and always ask yourself “is this change going to make me money?”. Also there are times when certain data is given more weight then others.

Example: Inflation. Inflation was for many years no topic at all until everything changed in 2021 and suddenly the FED and their actions were in the spotlight. There are a lot of moving parts in trading and financial markets. The Professional Trading Masterclass (PTM) gave me a process which enabled me to put these moving parts together to form a big picture. Now I am able to identify what’s important, what is just ‘noise’, and what to focus on.

ITPM Professional Trading Masterclass (PTM) Review & Content
Leading Indicators

This topic is focused on the backbone of the ITPM education and trading. As traders we want to take risks to achieve good returns but we need a process that prevents us from taking stupid risks. Our job is to develop a world view (macro economical leading indicators) and trade our view via stocks to make money. It is okay to have a bias in your portfolio but it would be stupid to go 100% short or 100% long at any time. As Anton Kreil said quite often, there is a trading sweet spot in the 20 to 60 day time horizon – we are traders not investors.

I have never heard of ‘long / short portfolio management’ before ITPM. I knew about the concepts of buy and hold or day trading. This episode helped me to understand the concept of it, how to build portfolios, and which actions are better avoided. There is a lot of statistics and probability theory involved, like calculating portfolio distribution of returns or compare realized volatility of two portfolios – but don’t be afraid, everything is explained quite well!

PTM Review & Content
Foundation of L/S Portfolio Management & Start of Trade Idea Generation

You will learn about beta, why it is important and how to calculate the beta of a stock portfolio. This helps you to model changes of your portfolio in advance – e.g. if you want to close a position and add another one instead. You have two trade ideas that are ready to deploy but only the balance to add one. Which of these two is the better option? Like in the other topics, ITPM provides you with a lot of good and easy to use Excel spreadsheets!

professional trading masterclass review
Trade Idea Generation – The Most Important Part

If you want to be consistent in stock trading your number one priority should be generating solid trade ideas. Therefore you need a repeatable process. There are more than 6,000 tradeable stocks when combining NASDAQ and New York Sock Exchange. Although there is plenty of opportunity, one can’t analyze every stock. So how can you create a short list of interesting stocks to go long or short on a repeatable basis? That’s when quantitative processing comes into play. The first step in the idea generation process is to screen through a large list of stocks, drill down sectors and industries, and identify which ones to examine further.

There are a lot of quantitative metrics out there: price-earnings-ratio (PE), price-to-earnings-growth (PEG), earnings growth (EG), revenue growth, price-to-sales (PS), EBIT, EBITDA, debt-to-equity, … the list can go on an on. But which ones are important and how to interpret them? This course learned me the approach of professional traders which is actually really straight forward. Quantitative processing is quite a mechanical process. Some of the conclusions really surprised me because it was quite the opposite from what I have learned over the years from mainstream financial media. There are a lot of popular misconceptions.

The qualitative processing is in my perspective a) the most difficult, especially in the beginning, and b) the most important. After you have drilled down a sector in the quantitative process and found 1-2 stocks you want to further analyze, you need to prove or disprove the numbers in the qualitative process. Therefore you need to develop an understanding of the sector and the stock. You need to know their business, what drives their revenue, who are their customers, who are their suppliers, do they have pricing power, what drives their margin? This is the part in the process where you will learn and evolve constantly. The more you repeat the process, the more you will learn about certain stocks, sectors and industries. This will improve your process further in the future when analyzing new companies.

In the course you will learn:

  • how to analyze the management of the company and how to spot red flags
  • how to spot the Key Performing Indicators (KPIs) of the company and how to assess them
  • how to analyze the business of the company
  • how to find sector or industry KPIs and how to interpret them
  • how to identify the Management Operating Plan (MOP)

In the course Anton Kreil goes through real company examples and shows practically how to do this part of the process.

All information is available for free. Therefore you don’t need to pay for any services, you just need to know where to look at. Furthermore there are investor relation websites, earnings call transcripts, industry or sector related independent research available. Over the years you will find new sources to incorporate in your process. Obviously you will know the most of important performance indicators of certain sectors and industries.

In my perspective the qualitative processing is the most fun part, because you learn a ton about the world, sectors, industries, and specific companies.

Timing is crucial. If your timing is wrong, even your best researched idea won’t make you money. That’s why we have to ask ourself constantly: “Why is the stock going up/down in the next 20 to 60 trading days?”. To put it in other words: we need (a) catalyst(s). Remember, we are traders not investors.

The Professional Trading Masterclass (PTM) will give you some real world examples of catalysts. There are Stock & Sector specific, Technical or Market catalysts. As always, this list is not comprehensive but the course taught me to understand the principle and enabled me to identify them on my own.

Catalysts can have various characteristics. One example: in the middle of 2023 there were a lot beaten down stocks with huge short interest. As the stock price moved up, short sellers had to cover their short positions which further fueled a stock price rally. There are a lot of stock examples that moved 50%+ in one to two months. For one of my trades at this time one major catalyst was expected short covering BUT beware that this was only one out of 10-12 ideas of my portfolio and I had a long fundamental predisposition. You should not only diversify by choosing stocks in different sectors, industries, cyclical, defensive but also with different catalysts.

You can come up with stock trading ideas from macro driven events and data as well. Some of the indicators or surveys we use include sector or industry data. Thanks to the weekly or monthly releases, we have additional sources which can be used as a starting point for idea generation.

One of the most important survey provides really good insights if you take a look at monthly changes. When a sector e.g. ‘chemical products’ reported growth in new orders for the first time in five month, there could be some long opportunities. ‘Transportation’ reporting contraction in business activity after three month of growth, there might be a good short opportunity. It gives your one more source to start with.

As mentioned many times before, the Institute provides you with various Excel spreadsheets.

PTM Review & Content
Trade Idea Generation

International stocks can be traded on U.S. exchanges via American Depository Receipts (ADRs). According to the SEC there are more than 2,000 ADRs available representing shares of companies located in more than 70 countries. These instruments allow you to trade e.g. Chinese or German companies, broadening your ‘field of play’.

The Professional Trading Masterclass focuses on the U.S. stock market which offers in my perspective enough opportunities, especially in the beginning. Nevertheless it is a good thing to know where to find information about other markets in case you need it one day.

There is a lot of controversy about technical analysis. Many so called ‘trading educators’ focus mainly on it, because it seems to be easy understandable and more ‘sexy’ than the time intensive fundamental analysis. Unfortunately for most it is appealing to look at charts on their phone while listening to someone who tells them ‘you can become a millionaire with only $1,000 trading on your phone’. But don’t forget, stocks move because of fundamental reasons and not because there is a line on a chart.

Nonetheless, technical analysis has it’s place in the process of trading stocks, namely as a quality gate for timing. After you have done your work and have a fundamental predisposition, you need to look at your timing. If technical analysis / price action gives you a green light, you can put the trade on. If not, just put the idea on your watchlist.

In the course you will learn exactly how and when to use it in the process. You will also learn various useful pattern, price action, moving averages, Relative Strength Index (RSI), different chart layouts like candlestick, Heikin Ashi, and so on and so forth. It is useful, but has it’s very specific place in the process.

Preventative Risk Management (PRM) is knowing everything about the stocks volatility to set a realistic price target and/or a stop loss in the 20 to 60 trading day horizon. This is where statistics and probabilities calculations have their place in the process. The Professional Trading Masterclass teaches you about Distribution of Returns (DoR) analysis to calculate volatility, set price targets, analyze standard deviations, and set your stop losses. The courses also teaches you about Average True Range (ATR) and how to use realized volatility. If you have no clue what I am talking about, don’t worry, you will learn everything in the course!

Reactive Risk Management (RRM) comes into play after you have initiated your position and have a live portfolio of 8-12 stocks. You need to stay in motion, deal with your unrealized losers, deal with your unrealized winners, think 1-3 month ahead, plan your next moves. The Professional Trading Masterclass will set you up very well, then it’s all up to you improve and learn with some real skin in the game.

Risk management, dealing with real winners and losers is a big focus in the mentoring program. I did the Thailand Mentoring program in 2022. In this article you’ll find further information!

professional trading masterclass
Trading as a Business

The last two videos are dedicated to educate you on how to keep track of your trades and measure your own performance. There is a metric, the “Kelly Criterion”, which is well known by professional traders to track their own performance. It provides you with a percentage of your capital you should be deploying in your next trade. If your performance is good, it allows you to deploy more capital. If you have a bad few months, it reduces the amount.

The Institute of Trading and Portfolio Management (ITPM) provides you with an Excel spreadsheet to keep track of every trade. It is important to know, at any given point in time, exactly how many trades you did, how much commission you have paid, how much you won/lost, and what current positions you have. It is essential, to keep it up to date.

If you are interested in my own weekly schedule, you can find further information in the ‘About Me’ section!

I would guess around 80+% of the course is presented by Anton Kreil and the rest by Chris Quill. The content is presented mostly with power point slides which is an easy to follow format. You can pause the videos, read the slides numerous times. Chris, who is taking over the Excel / statistics and probability calculation videos, is presenting mostly in spreadsheets. It helps if you have two monitors at home so you can play the video on one and open the spreadsheet on the second one.

Some of the videos are lengthy, especially if you are not an Excel novice. The content is explained very detailed. Also, in my opinion, there could be a little bit more variety in presentation style. In the Professional Trading Masterclass 1.0 (the predecessor of the PTM), Anton Kreil presented some of the content in a universities lecture room in front of students. I still remember some of the videos, especially the humorous examples about risk management!

Overall I think this comes down to personal preference. Everybody learns the best in a different environment. The style of presentation is very suitable for a high value education like the PTM which is university level at least.

The course structure is excellent in my opinion. There is a common theme and the timing of every video makes sense. As mentioned above, it covers everything you need in your stock trading process. It starts with explaining the framework and the field of play, continues with a broad education about the economy and leading indicators, explains the foundation of long / short portfolio management. The most important part of trading is trade idea generation, which Anton Kreil dedicated 16 videos and 25 hours to. It covers quantitative, qualitative, identifying catalysts, macro driven trade ideas, international trade ideas, technical analysis and price action. Everything is rounded up with risk management, trading psychology and trading as a business.

As you have probably noticed this stock trading course is packed with content that’s why it comes with a price. $3,499 is not cheap – but in my honest opinion totally worth it. As an official ITPM affiliate I can offer you a 50% discount!

When seen on an hourly basis, so divided by the 67 hours of the course it costs $52 per hour, it is put into perspective a little. If watched twice, what I did as well, it costs $26 per hour. When put into perspective with what you get it is totally worth it in my honest opinion.

Before I decided to purchase my first course (the PTM 1.0) from ITPM I tried to find reviews online. Especially I looked for a PTM review. I wanted to know if the price is justified but at that time, there where only a few which were not helpful at all. The reason I decided in the end was that I compared the cost with my future ‘trading career’ of 30 or 40 years. I viewed it as an investment in myself which will eventually pay off!

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


What do former ITPM Students say about Anton Kreils Trading Courses?

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

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Aaron
Aaron
5 months ago

Thank you for all your insights and being so open to my questions and curiosity about trading and ITPM. Keep up the good work and good luck with your trading.

Steven
Steven
5 months ago

Hi Nice website! Great course insight and unbiased opinion.

Stuart Miles
Stuart Miles
2 months ago

Hi, I watched your video where you explain your income since doing the Thailand trip. It seemed that before that you didn’t make money but I assume you had done the video courses. Would you say that the mentoring is necessary to make the system profitable or do you know people who became profitable after just the video courses?

Stuart Miles
Stuart Miles
Reply to  STOCKMARKETCONNAISSEUR
2 months ago

Thanks very much for your quick reply. 
I have a couple of questions which I hope you won’t mind. Sorry if they are long winded.
1. 
I have had several businesses and I always look for win win win with customers, workers and me. I have tried forex trading for several years, even coding algos. I would say that as it is a zero sum gain and we are against sophisticated algos where it is almost impossible to win as well as up against a fake news system.
With the stock market I would say it is still a zero sum gain if we want to beat the S&P as it means others have to lose against the S&P. The only advantages I can see is that the big players can’t trade smaller stocks as they would move the market too much and that it is difficult for algos to evaluate news.
So my question is how sophisticated would you say the competition is in the medium to large cap stocks where you trade? Do you feel that it is like forex where they are faking a direction before going the other way and putting out fake news to mess you up? Are there enough stocks that if you do the research you can get the real information and not have to deal with a lot of manipulation?
2.
The second question is about the results after the Thailand training. I saw a video where 7 people on the chart shown made really good profits in the 6 months after the Thailand training. But I don’t know how many were on that training as in another video advertising the Thailand trip it seemed there were about 16 places. So I am interested how many of the group you were with have been successful and how many weren’t. 
Sorry that the questions are a bit involved but I am deciding whether to go full in on this long short trading with money I have or to look at getting more into a different business.
Thanks again…

Stuart Miles
Stuart Miles
Reply to  STOCKMARKETCONNAISSEUR
2 months ago

Hi Phil,
Your answers make a lot of sense.
That’s very interesting about the longs mostly being in the small and mid caps as I assume that is where the growth stocks will be found and the shorts more in the large caps as I suppose a lot of people have paid a higher PE and just expect them to keep increasing.
I’ll have a good long think about what I do next.
Thanks again for all your replies.
Best Regards
Stuart

About me

The Institute of Trading and Portfolio Management (ITPM), founded by ex-Goldman Sachs trader Anton Kreil, helped me on my journey to become a profitable retail trader