On this episode of the Words of Rizdom podcast we are joined by Chris Cathey. Chris is a former Goldman Sachs Equities Trader in Frankfurt, New York and London between 1993 and 2006. He was Anton Kreil's mentor and was part of the Institute of Trading & Porfolio Management for many years. Chris shares some insights from the professional realm of trading and his frustrations with courses and mentorships within the retail space. He shares controversial opinions on scalping and it's long term profitability and we also discuss the various financial crisis he's experienced throughout his years as a trader and how it's affected the market! You don't want to miss this one!
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Timestamps:
00:00:00 - Introduction
00:05:18 - From Hedge Funds to Trading
00:10:48 - The Importance of Recruitment and Listening Skills
00:15:44 - Learning the language of trading
00:20:51 - Adapting to Different Market Cycles
00:25:58 - Trading Strategies and Changes in the Market
00:31:10 - The History of Trading: Pits and Trends
00:36:18 - Trying to Predict the Market's Movement
00:41:04 - The Dangers of Leverage and Time Horizons for Retail Traders
00:46:11 - The Importance of Changing Strategies
00:51:12 - The Risks of Jumping into Cryptocurrency
00:56:32 - Importance of Trust and Communication
01:01:36 - The Importance of Learning Fundamentals
01:06:32 - Emotional Attachment to Trading Positions
01:11:49 - Dealing with Losses and the Importance of Stop Losses
01:16:39 - The importance of not watching the screen all day
01:21:50 - Trading with an Edge: Is it Possible?
01:26:55 - The Importance of Clear Thinking in Trading
01:32:06 - Can anyone be a Trader?
01:37:24 - The Challenges of Raising a Family
01:43:17 - The Game of Finance and Trading
01:48:18 - Uncertainty in Trading and Managing Emotions
01:53:43 - Market Volatility and Market Bubbles
01:59:15 - Wrapping Up with Key Takeaways
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only
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#trading #forex #forextrading #futures #futurestrading #daytrading #podcast #swingtrading #scalping

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