Intro

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/pocketsofrizdom

Free 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/wordsofrizdom

Riz’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 - 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

__________________________________________

DISCLAIMER:

I am not a financial advisor. The videos on my channel are for educational purposes only.