GOAT Academy by Felix Prehn — My Course Review
I am currently completing the GOAT Academy program and the experience has genuinely changed the way I approach the markets. What I value most about the format is the one-on-one sessions with the mentors — rather than following a fixed curriculum, I was able to focus on the specific topics that matter most to my trading. Here is what I have covered so far:
1. Risk Management
Before this program I was trading without a real system. Through my sessions I built a clear, rules-based framework: fixed position sizing, defined stop-losses before every entry, and a minimum 1:2 risk-reward ratio on every trade. The concept that stuck most is that risk management is not about avoiding losses — it is about keeping them small enough that your edge has time to play out over many trades.
2. Trade Execution on IBKR
The mentors went deep into Interactive Brokers as a professional platform. I learned how to use order types correctly — limit orders, stop-limits, trailing stops, bracket orders — and how to set up a proper account structure with risk controls at the broker level. Execution quality matters, and IBKR gives you the tools to do it right when you know how to use them.
3. Options Trading
One of the most valuable topics I explored in my sessions. I went from barely understanding calls and puts to running income strategies like credit spreads and the wheel system. The key discipline I took away: open positions at 45 DTE, target 30-Delta strikes, and close at 21 DTE to avoid gamma risk near expiry. Selling premium with defined risk is a completely different game from buying options speculatively.
4. Market Maker Mechanics
Understanding how market makers operate was a revelation. Through my sessions I learned how they delta-hedge their options inventory, what gamma exposure means for intraday price behavior, and why the Gamma Flip level is such a critical threshold — once price crosses it, MM hedging flows amplify moves rather than dampen them. This explains a lot of price action that used to look random to me, especially around monthly and quarterly options expiry dates.
5. Algorithmic Trading
The most advanced topic I have tackled, and one I am still actively developing with my mentors. I am learning how to take a manual, rules-based strategy and translate it into code — defining entry and exit conditions explicitly, backtesting against historical data, and connecting to IBKR's API for automated execution. The core lesson: automate only what you have already proven works manually.
Overall, GOAT Academy is not a get-rich-quick program. What sets it apart is the one-on-one mentoring format — you work on what is actually relevant to your trading, at your own pace, with practitioners who have real market experience. I would recommend it to anyone serious about developing trading as a professional skill.
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