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Mentoring Programme Scholarship Florida Jan 26th – Feb 4th 2017 with Raj Malhotra and Ben Berggreen


Background On December 14th 2016 the Institute of Trading and Portfolio Management announced their inaugural Vacation Mentoring Program Scholarship Competition. It was announced that the winner would receive a fully paid for FREE Scholarship place on the Institutes Trader Mentoring Program starting on January 26th in Florida. The competition was opened to U.S. and Canadian citizens only. Entrants were asked to write an essay discussing the chosen topic / statement; Topic; Oil will trade at $5 per barrel before it trades at $250 per barrel by the year 2050. Discuss. Maximum word count = 2,000 words. Answers over 2,000 words will be automatically disqualified from the competition.

The winners of the Scholarship Competition are set to receive the following; ITPM Professional Trading Masterclass (PTM) Video Series 12 Months access = $2,999 ITPM Professional FOREX Trading Masterclass Video Series 12 Months access = $2,999 ITPM Data Access to the Institutes Data archive and daily releases = $1,999 Nine days Trader Mentoring in Florida with Ben Berggreen and Raj Malhotra = $9,999 All Flights and accommodation included Total Value of Scholarship = $17,996

Entry Feedback and Announcement of Winners. ITPM received over 300 Scholarship Competition entries. 220 entries were eligible i.e. U.S and Canadian Citizens and over 18 years old. Around 50% of the eligible entries were discarded almost immediately because entrants failed to read and understand the essay statement properly. Of the circa 100-110 entries that were eligible and who read and understood the statement correctly, 20 respondents showed evidence of initiative in the application of Critical and Creative thought and logical reasoning. After confirming with the 20 remaining entrants that they can travel to Florida and take part in the program from January 26th to February 4th it was deemed that there was not simply one potential worthy winner but three potential worthy winners. As this is the Institutes inaugural Scholarship Competition we decided to announce three winners instead of just one. Thus, the Institute decided to give away 3 Mentoring Program Scholarships Total Value = $53,998


Why is the Institute doing this? Put simply? ..., because we want to make a huge difference to the Retail Trading Industry. By providing Scholarships the Institute will achieve two main criteria, not least by changing the life of the Scholarship recipients. To Promote Awareness The Institute has now grown to a size whereby we can create opportunities on our Educational Programs for people who may not have considered Trading and Portfolio Management as an area of interest to them or as something that even matters to them. We want to promote the fact that Trading and Portfolio Management and indeed Financial Markets in general are important to everyone in society and that Financial Markets really do matter for everyone. Connected to this is the fact that receiving a proper education in understanding Financial Markets, taught to by real Professional Traders and Hedge Fund Managers is crucially important to everyone. Mainstream education is now officially defunct of this skillset. To Promote Critical and Creative Thought The way in which we teach our students at the Institute is by promoting both Critical and Creative thought. We teach our students to predict the future and not react to past events. We strongly believe that both Critical and Creative thinking has now died in the mainstream education system and in particular the mainstream University system globally. In the mainstream University system, students for the last fifteen years have not been taught to think both Critically and Creatively. They have been given instruction in how to think by their Professors. This is not how the baton should be passed on to the next generation in society let alone how great Traders and Portfolio Managers are created. The Institute has been resisting these teaching methods and “un-brainwashing� people since its inception in 2011. We have changed many people’s lives in the last six years by promoting Critical thinking and Creative thought teaching methods in Trading and Portfolio Management. Now as a Company we have decided to make it official that we the resistance to mainstream educational entrapment and tyranny. We hope to change more lives for the better by promoting our teaching methods of Critical and Creative thinking through Scholarships. In Summary, our Scholarship promotion is for three reasons; 1. To change the lives of Scholarship recipients. 2. To promote awareness of the necessity of Financial Markets and individual participation in Financial Markets. 3. To promote the teaching philosophy of the Institute of Critical and Creative thought both in Trading and Portfolio Management and in life in general.


Who are the Winners of the Jan 26th Florida Mentoring Program Scholarship? We cannot divulge the full names and identities of the Scholarship Winners. This is to protect Scholarship recipients from harassment on social media from individuals with ulterior motives & agendas. We can however divulge the content of their entries. By doing so we create a useful feedback loop for individuals who entered the Scholarship Competition whose entries were not selected as winning entries and for individuals who are seeking to enter future Scholarship Competitions. There were three Scholarship winners; 1. Talha – Winning Entry CLICK HERE 2. Trey - Winning Entry CLICK HERE 3. Curtis - Winning Entry CLICK HERE Overall these three entries were deemed to be the best out of the approximate 220 eligible applications. They both read and understood the statement and they demonstrated an initiative in the application of critical and creative thought and logical reasoning. We recorded the moments when they were told that they had won their Scholarship with the Institute. You can watch the Video CLICK HERE Talha, Trey and Curtis will be joining ITPM Senior Trading Mentors Raj Malhotra and Ben Berggreen on January 26th in Destin Florida along with the rest of the Mentoring Program delegation.


Weak Entries and Common Mistakes Here is a list of fundamental errors that weak entries made when responding to the Essay statement; Oil will trade at $5 per barrel before it trades at $250 per barrel by the year 2050. Discuss. Not reading the question properly Cutting and Pasting of “Factoids” and “Opinions” from online articles and attempting to pass it off as their own work. Trying to overly display how much they knew about the supply and demand characteristics of the oil market without actually exploring the topic properly and responding specifically to the statement with a discussion on what the statement is posturing. Thinking that our statement is truth and simply agreeing with the statement and finding ways to agree with it i.e. not challenging the statement. The vast Majority of entries did not include logical reasoning, original thought and sources of integrity to back up claims. The vast majority of entries were light on Statistics, especially Descriptive Statistics and Distributions showing patterns and trends. The word count was restricted to 2,000 words yet a simple picture can paint a thousand words. The vast majority of entries concentrated heavily on the transportation industry and especially Automobiles. Everyone has heard of Electric Vehicles replacing regular Autos. So apparently, that makes everyone an expert on Oil and that it’s going to collapse in price. This is a very one dimensional way of thinking. Very few entries concentrated on Oil use in Industrial Production processes. Most entries mentioned Renewable Energy Sources but didn’t really give any credible explanation to back up their claims of why their expected Oil price moves because of Renewables would occur or not. There were few mentions of previous Oil Price lows. Very few mentions of Demographics beyond what the world population could be in 2050. Very one dimensional thinking! There were very few entries that distinguished between Cyclical, Structural and idiosyncratic factors affecting the Oil Price. There were multiple entries that mentioned Inflation and Deflation however pretty much all entries that mentioned this misunderstood the actual reasons why Inflation and Deflation are important for the Oil Price. Most people are confused about why Inflation and Deflation matters. There were very few attempts to project Global GDP over the next 33 years and Global Debt levels. There were very few attempts at suggesting potential trades / ways to make money from the work they submitted.


Future Scholarship Programs We will be announcing future Scholarship Programs very soon. In the future, there will only be a maximum of two Scholarship Competition Winners every three months. We therefore forecast that the value of total Mentoring Program Scholarships given away by the Institute in 2017 will be; Q1 = ($17,996 X 3 Scholarships) = $53,998 Q2 = ($17,996 X 2 Scholarships) = $35,992 Q3 = ($17996 X 2 Scholarships) = $35,992 Q4 = ($17,996 x 2 Scholarships) = $35,992 Total Scholarship Value in 2017 = $161,974

STAY TUNED AND GOOD LUCK!!!


Previous Vacation Mentoring Programmes – Previews

Click on the video to catch a glimpse of the Institute’s Mentoring Programme which was held in Phuket Thailand in January 2015

Click on the video to catch a glimpse of the Institute’s Mentoring Programme which was held in the Turks & Caicos Islands in July 2015


Click on the video to catch a glimpse of the Institute’s Mentoring Programme which was held in Capetown South Africa in November 2015

Click on the video to catch a glimpse of the Institute’s Mentoring Programme which was held in Recife Brazil in April 2016


Previous Vacation Mentoring Programmes – Documentaries

Click on the video to watch the Documentary of the Institute’s Mentoring Programme in Phuket Thailand in January 2015

Click on the video to watch the Documentary of the Institute’s Mentoring Programme in the Turks & Caicos Islands in July 2015


Click on the video to watch the Documentary of the Institute’s Mentoring Programme in Capetown South Africa in November 2015

Click on the video to watch the Documentary of the Institute’s Mentoring Programme in Recife Brazil in April 2016


Mentees and Mentors will be staying in a specially fitted out 5 Star Institute educational compound, housing an eleven Bedroom Mansion right in the heart of Destin and located just yards away from Destins main beach strip and the 5 Star local amenities, activites and attractions that Destin has to offer.


At the Instiute we like to do things properly or not at all. Every 5 star facility is always wihin arms reach. Group excursions and activities take place in between classroom sessions. Destin is renowned for its World Class Boating, Fishing, Golf, Snorkelling and Scuba diving. Lunches and dinners will also take place for the duration of your stay.

Group Mentoring preparation sessions take place every other day with Senior Trading Mentors Raj Malhotra and Ben Berggreen, who will all be in Destin Florida for the entire length of your stay, helping Mentees to prepare properly for your programme.


Raj Malhotra – Senior Trading Mentor

Raj enjoyed a successful thirteen-year career as a professional Equity Options trader. Raj graduated with a Bachelor of Science in Economics (BSE) from the world famous Wharton School of Business at the University of Pennsylvania. After graduating, he started his career at BNP Securities in Philadelphia working for the BNP Cooper Neff Hedge Fund. After two years, Raj was asked by the firm to move to New York to trade the S&P 500 Index Options book. S&P 500 options at the time were the most heavily-traded options in the world. In 2002, he was hired away by Bank of America Securities, embarking on what was to become a successful fast track seven-year stint at the firm. In addition to trading index options, Raj was promoted to Head of Institutional Options Trading, trading with and covering the world's largest and most successful Hedge Funds. He was also promoted to Managing Director before the age of 30. In 2009, Raj left Bank of America Securities to join Nomura Securities in a similar role, helping to spearhead Nomura Securities rollout of their US business, until retirement at the end of 2011. Raj's time away from the day-to-day Wall Street grind, has done nothing to dampen his enthusiasm and involvement in the financial markets as he continues to maintain a personal portfolio of investments and trades capital on behalf of the Institute, managing these accounts in his spare time. Raj has also joined the Institute of Trading and Portfolio Management as a Senior Trading Mentor. Raj's role at the Institute involves Mentoring Institute Traders on the official Institute Mentoring Programme after students have graduated from completing the Professional Trading Masterclass (PTM) Video Series and / or Professional FOREX Trading Masterclass (PFTM) Video Series. Raj currently Mentors mostly US and Canadian based Institute Traders helping them to realise their objectives in becoming consistently profitable long-term and to help build their track records through trading Futures and Options. Raj also manages the Institute's global portfolio in allocating capital to profitable students/traders. Raj only has capacity for ten Mentoring Programmes per quarter and must be booked with a minimum lead time of 4 weeks in advance.


Ben Bergreen – Senior Trading Mentor

After a five-year career as a commercial airline pilot, Ben made the switch from the aviation industry to the finance industry and quickly became an important member of the trading team at Franklin Templeton in the United States, where he managed Templeton’s European Equity Value portfolios, within the $850 Billion Dollars in Assets Under Management (AUM) Templeton group. In order to expand his horizons beyond managing Value Portfolio’s, Ben joined the Hedge Fund Group at Pacific Investments in London. At the same time Pacific Investments launched a Quantitative Long/Short Hedge Fund and Ben was hired to set up the trading operation for the Fund and also manage the Fund. Ben utilized his deep understanding of financial markets to further aid the strategy developer of the Fund and evolve Pacific Investments’ complex chaos mathematical model. After generating an industry leading track record at Pacific, Ben left the UK following an offer to cover the Asian region for Chicago-based Nuveen Investments which at the time managed $230 Billion Dollars in Assets Under Management (AUM). Ben then relocated to Southern California in 2008 to head up Asian coverage for Nuveen’s international boutique affiliate Tradewinds Global. During his time at Tradewinds, the firm quickly grew from a $10 Billion Dollar Fund (AUM) to a $40 Billion Dollar Fund (AUM). Ben became Senior Vice President of Institutional Trading at Tradewinds. After twenty years in the Professional Trading and Portfolio Management business, Ben retired in 2015 and now resides in Los Angeles with his family. Ben however continues to stay involved in the industry during his retirement and has been contracted on several occasions on a part time consultancy basis for various Hedge Funds due to his expertise. Ben also continues to manage his own portfolio as an avid quantitative systems developer and Futures and Options trader. Ben has also joined the Institute of Trading and Portfolio Management as a Senior Trading Mentor. Bens role at the Institute involves Mentoring Institute Traders on the official Institute Mentoring Programme after students have graduated from completing the Professional Trading Masterclass (PTM) Video Series and / or Professional FOREX Trading Masterclass (PFTM) Video Series. Ben Mentors mostly U.S. and Canadian based

Institute Traders to realize their objectives in becoming consistently profitable long-term and to help build out their track records through trading Futures and Options. Ben also manages the Institute's global portfolio in allocating capital to profitable students/traders. Ben only has capacity for eight Mentoring Programmes per quarter and must be booked with a minimum lead time of 4 weeks in advance.


Anton Kreil – Managing Partner

Anton is the Managing Partner of the Institute of Trading and Portfolio Management and oversees all U.S. Mentoring Programmes from the Institutes Headquarters in Singapore. The Institute of Trading and Portfolio Management is an independent global community of 250 Traders across 16 countries. Anton manages and oversees the Institute Community ($25mln Exposure), the Institute parent company’s global portfolio (as Managing Director) via Corporate trading accounts of the Institutes parent company Jakubstadt Holdings Pte Ltd Singapore (Non Disclosed Total Exposure) / with $10mln deployed to Institute Traders and his own long term investments outside the Institute (Non Disclosed Total Exposure). As a former Goldman Sachs Trader, Anton was chosen by the BBC to appear in the British TV series Million Dollar Traders in 2009. The show went global shooting Anton from relative obscurity into the limelight. In response to the thousands of messages Anton received from around the world asking him to teach trading, he decided to go on the road and set up the Institute of Trading and Portfolio Management in 2011. The Institute has now grown into the world’s leading trading education company boasting a community of highly trained and educated Retail Traders that can trade from anywhere in the world. This has enabled Anton through the Institutes parent company to deploy capital to many of the Institutes traders, who now make a living from trading at the Institute. “The success of the Institute is down to three things. Firstly, Industry leading content. Our education is head and shoulders above everybody’s out there. You can’t even get this level of education on an Investment Bank training programme. Secondly, we only allow Professional Traders with a decade or more consistently profitable track record to teach our students. Thirdly, because unlike the majority of trading educators who make their money through back door broker commission rebates, we ensure that we make the majority of our money trading with significant amounts of real capital ourselves. This creates an inevitable feedback loop that further enhances the quality and integrity of our education” – Anton Kreil

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