The course is designed to help people understand how to view the stock market like the Wall Street professionals, and teaches the same skills/techniques that professional assistant traders receive during their training at some of the top Wall Street firms. The information is considered proprietary and is not commonly known by anyone outside of the experts.
The course will provide a deeper level of understanding regarding common strategies (that don't work) and what strategies you need to know in order to become a profitable investor. It teaches game theory, probabilistic thinking, and fair value - as well as, how to make positive expectancy trades to increase your success. This is the first of several courses and there is no requirement to take or understand the material in this course.**This course includes the first set of lessons from the Wall Street Preparatory Academy's Introduction to Stock Trading course. The remaining two sections will be added over the next few weeks. Students will be able to receive weekly updates and announcements by turning on the "New Lecture Emails" setting. **
The introduction provides an overview of the course, including what students will learn and instructor background information.
Students will learn the top 5 mistakes that investors make and the reasons why these common practices don't work.
The number one best thing that you need to know and understand in order to become a profitable and successful Stock Trader.
Students will learn how to think about the Stock Market and understand how the different aspects of trading work like a game.
Who are your opponents in the 'game.' Understanding the different opponenets will allow you to determine which strategy to use in order to win.
Section 2 summary: Key points from 'Section 2'.
Learn how to determine fair value of a game, as well as, probability.
How to apply probabilistic thinking when making trades.
Students will learn what trading 'expectancy' is and how to calculate your expectancy with fair value.
Understanding the Efficient Market Hypothesis and what you need to look for and determine in order to make money trading.
Review/answer questions on Pages 1 and 2; Answer sheet is on Page 3.
Lecture outlines key points from the course that you need to know and focus on in order to beat the market.
Students will learn about the different type of players in the market, including "smart" and " dumb" money. Also, tips for which type of players that beginners should avoid trading with.
Describes a "Long Only Guy" market player.
Describes a "Hedge Fund" market player.
Describes a "Program Trader" market player.
Students will learn about the over confidence, hindsight, and small sample biases - and how they can negatively impact your trading results.
Students will learn what emotions and attitudes will affect their trading results. Also, understanding how second order knowledge will be beneficial while trading in the stock market.
Students will learn when to close losing trades, while also avoid closing out winners too early.
Students will learn the first steps that they need to take in order to start trading.
A highly accomplished and respected senior trading executive with ties to Wall Street, Keith Kline has over 25 years of trading experience across a broad range of asset classes including equities, fixed income, futures, options, and commodities.
Having worked at elite derivatives trading firms both in Philadelphia and NYC, Keith has a diverse background that includes serving as an equity options market maker and equity index specialist on the Philadelphia Options Exchange, establishing one of the largest global interest rate derivative desks with The Bank of New York and trading a multi-hundred million dollar long/short portfolio at Susquehanna Investment Group (SIG).
When tasked to head the International Derivatives Desk for SIG early in his career, he was one of the first to trade index arbitrage on the South African exchange, helping the country design and create the new index futures contract. Moving to the U.S. Equity Index desk, one of the largest in the world, he served as senior Index Arbitrage Trader with responsibilities for trading and risk managing dozens of indexes including S&P, XMI, Russell, Value Line, XAU, and all of the tech sector indices.
Making his first move to NYC in 1997, he served as part of a team that started a fixed income trading desk as a joint venture with The Bank of New York. He helped build the start-up operation into one of the largest global interest rate derivatives desks. He was responsible for making markets in a wide array of products including interest rate swaps, caps, and floors, Bermuda Swaptions, and a variety of exotic options.
After being hand-picked by SIG to join the fundamental equity pairs trading desk in 2001, he returned to Philadelphia to manage trading for a multi-hundred million dollar long/short portfolio, specializing in the energy, brokerage, auto, and defense sectors. Five years later, he returned to New York to join a commodity hedge fund, heading the derivatives trading and, ultimately, serving as one of six partners for the firm that was subsequently acquired by The Carlyle Group in 2012.
In 2013, Keith retired from Wall St. to pursue his love of mathematics in which he has both a Bachelor of Science degree from Drexel University and a Master of Science degree in Applied Mathematics from the University of Washington. Combining his love of mathematics and experience in the world of finance, Keith opened the Wall Street Preparatory Academy to teach High School and College students the secrets of trading on Wall Street. The institution is dedicated to bringing the amazing world of mathematics and financial mathematics to young people around the world.