Dr Chris Cathey: Anton Kreil's Mentor & Goldman Sachs Veteran | WOR Podcast - EP.122

If you enjoy these conversations, please follow the podcast and leave a rating on Spotify. It helps us reach more traders and continue bringing you the best guests in the industry.____________________________________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!__________________________________________Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdomFree Trading Plan 👇https://words-of-rizdom.ck.page/0542be7af0 __________________________________________TRADEZELLA: All-in-one trading journal and analytics tool that provides valuable insights, trade replay, in depth reporting, and more to gain clarity, eliminate costly mistakes, and trade smarter. ⬇️Use Code “RIZ10” for 10% off your subscription ⬇️ https://www.tradezella.com/?via=riz⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ https://www.tradezella.com/?via=riz__________________________________________ The #1 Prop Firm In The Entire Industry Alpha Capital. They have their own broker, their own technology, actual institutional experience and the best community in the prop firm industry. They also still support the best trading platform for all Traders with Platform 5! 👀 Use Code "RIZ" for 20% OFF ALL Challenges. 👉 https://app.alphacapitalgroup.uk/signup/RIZ 👈__________________________________________ Riz’s Instagram: https://instagram.com/wordsofrizdomRiz’s Twitter: https://x.com/wordsofrizdom __________________________________________ I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽__________________________________________ Timestamps:00:00:00 - Introduction00:05:18 - From Hedge Funds to Trading00:10:48 - The Importance of Recruitment and Listening Skills00:15:44 - Learning the language of trading00:20:51 - Adapting to Different Market Cycles00:25:58 - Trading Strategies and Changes in the Market00:31:10 - The History of Trading: Pits and Trends00:36:18 - Trying to Predict the Market's Movement00:41:04 - The Dangers of Leverage and Time Horizons for Retail Traders00:46:11 - The Importance of Changing Strategies00:51:12 - The Risks of Jumping into Cryptocurrency00:56:32 - Importance of Trust and Communication01:01:36 - The Importance of Learning Fundamentals01:06:32 - Emotional Attachment to Trading Positions01:11:49 - Dealing with Losses and the Importance of Stop Losses01:16:39 - The importance of not watching the screen all day01:21:50 - Trading with an Edge: Is it Possible?01:26:55 - The Importance of Clear Thinking in Trading01:32:06 - Can anyone be a Trader?01:37:24 - The Challenges of Raising a Family01:43:17 - The Game of Finance and Trading01:48:18 - Uncertainty in Trading and Managing Emotions01:53:43 - Market Volatility and Market Bubbles01:59:15 - Wrapping Up with Key Takeaways__________________________________________ DISCLAIMER: I am not a financial advisor. The videos on my channel are for educational purposes only.