TRADING LEGENDS - Anton Kreil's Interview with Chris Cathey
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- čas přidán 11. 07. 2017
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In April 2017, Managing Partner of the Institute of Trading and Portfolio Management Anton Kreil interviewed Senior Trading Mentor Chris Cathey in London on his career in the financial markets and his experiences teaching and mentoring Retail Traders through the Institute.
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It's crazy seeing Anton talk with the guy that mentored him
Lessons here ..
1.Emotional detachment
2.Idea generation
3.Risk Management
abi abraham and Remember NONE of it is real money. Paper account or real, it's all MONOPOLY money
Main lesson: don't trust someone else's summaries. Generate your own.
To Abi: Well written. I like it. This is the holy grail of trading, something that *one can control* with cognizant *certainty.*
@@kareemmance5845 To Kareem Mance: You have "2020" vision. Well written.
@@max0x7ba lmfao
I don't even trade, but I love watching these guys videos.
yeah.. some life lessons and what money is actually worth. He gives good insight.
tallnsexy63 same here
Me too. Don't understand most of it, but I enjoy their insights.
Start trading!
Mike O'Hernia What platform should be used to purchase dividends from the stock market? Thanks.
I respect the fact that they aren't trying sell false hope and dreams and keeping in reality.
Highlights✨✨✨
Be patient
Let the opportunity come to you
Avoid boredom trades
Manage risk
Never set targets
Identify the trend and ride it
Be emotionally detached
Take risk correctly and make a lot of money
Dont write a check to the market
Know whats trading and investing
Hedge your exposure when necessary
Do your research
Generate your own ideas
Think ahead of the herd
Never add to losers
Dont be afraid to load up on winners
Embrace risk
Dont blow up capital
Have 1-3 months focus
Be 1/2 not 3/4 steps ahead of the mkt
Time your trade
Let the winners ride
Be humble
F**k the market
Good Luck
Thank you!
Easier said eh
Thanks
🙌🙌🙌
"We want to be 1 or 2 steps ahead of the market and not 3 or 4"
I needed to hear this in the current Fed Driven market
100% agree. It's been rough lately, at least for me personally.
Yeah i spent a week thinking the fall was at hand. Then the fed buys into corporate debt..
@@intuitivelee561 yeah because every indicator telling is telling a rational brain that the market should be bearish..no such thing as a free market lol..
@VYCanis Majoris help me please, what is the meaning of 1 or 2 steps ahead, 3 or 4 steps ahead? Thanks.
@@desi9131 - There's a company called Vuzix $VUZI that makes personal displays and augmented reality/HUD headsets. I was very big on them about 4 years ago. Sat on a position for a few years, just certain they were about to explode. My thinking was from familiarity with their tech, which was superior to some other competitors. Dumped the stock after a few years of them doing nothing.
And now in the last several months industrial use cases have become big and they've performed really well. I was right, just waaay too early.
Anton is clearly not arrogant and appreciates the help and training/mentorship he has received over the years - is great to see :)
Kreil a hero for educating the working class guy victimized by the sharks I enjoy all his stuff from the start .
Both of them have similar eyes. It is extremely focused and indifferent at the same time.
I really enjoyed this video. My best takeaway," be patient and let the trade come to you" (paraphrasing). Thanks Anton and Chris.
The information in this interview is golden. I'll be saving and re-watching this for years to come. Thanks.
We attended an Institute of Trading seminar with Chris Cathey last year in Manchester, after watching this video. Great insights into the financial world. Look forward to many more in the future!
Professional Traders make it look like a piece of cake, I used to think it was once upon a time but once I learned more about what they do, I began to realise that it's actually a lot of seriously hard work, early mornings, thorough, relentless research and watching stock movement LITERALLY all day, forget about proper lunch breaks, too much can happen in just one hour, forget about sleeping well every night too, with the kinds of risks you have to take in the city, even with the best profile in the world, you ain't gonna be having many peaceful nights, even at weekends you'd need to be on the ball because you can't be 100% sure what is going to happen on Monday, it's only a certain kind of a person that could live like that, it's not for me but I have total respect for these guys and girls that do this.
Haha yea it’s pretty crazy at times, it is even worse in the crypto market. Running 24/7/365 and volatility in it makes it a nightmare at times
@@PCO231 In crypto you learn that market has a lot of opportunities.. you need to be patient
@Inactive Account good point. I think a lot of people who go into trading aren't just made for it. You have to enjoy and passionate about doing the "little, grinding" boring things. It's not for everybody.
What about the ceiling fans that do this? (disclaimer: I identify as a ceiling fan).
I am a full time trader and i do nothing of those things you mentioned. Like anton mentioned in this video, the initial learning period was the hardest as it was just study and study and learning and learning. that itself you need to be patient and take time with your learning. Like he mentioned, once you are comfortable and have found a trade plan that works and can repeat them over and over and generate money for a living, its about repetition. I sleep peacefully at night, have 7-8 hrs of sleep everyday, have 3-4 meals a day or more and my weekends are usually for detoxing from screen time and looking after my health and spending time with family and friends. The situation you mentioned are for those traders who try to jump the gun and try to become an overnight millionaire.
Just want to thank you guys for putting this out here for free, appreciate it.
Felt sad that I found the videos after 5 yrs. But glad they're still up here. Great lessons to implement.
Thanks Anton and Chris! You help us get there. I appreciate your incentive and kind passing of a skill torch!
Anton and Chris - Thank you very much for this video. Whenever I see, i am going out of focus on my trades, I just see this video and remember everything i learnt about being disciplined with my trades, avoid early exists and be with the plan of trade.
Superb Interview.. specially the part where EMOTIONAL DETACHMENT is being discussed for few minutes.. gave much clarity
great to see a great part of history for both legends dear Anton and Dr. Chris, thank you for this interview; love you
My opinion this is one of the best of Anton's videos no nonsense. Real usable information. Thanks
Amazing interview from Chris Cathey, there were some Great piece of advice for every single trader in the world and they are 1. Only average profits 2. Be only 1 or 2 steps ahead. 3. Keep refreshing the portfolio for more profitable trading opportunities. 3. Horizon trading period of 3 months max. 4. Emotional detachment. 5. Have double the number of ideas, when there are 10 stocks in a porfolio. 6. Only rely on self analysis.
Love this. Humility and willingness to share info make these two people greater than just being any old self-focused traders.
Wow. These guys are good. Great interview/conversation. Lots of wisdom here.
Out of all the interviews that Anton has done with the other mentors this one with Chris is by far the best one in my opinion. Chris is such a lovely man and I would be honoured to be mentored by him one day at the ITPM Thailand training. Thank you Anton for this amazing interview!
Thank you so much ITPM and the trading gurus for this priceless video. So inspiring and informative.
another great interview Anton, loved to watch it. thanks to both guys, keep up the good work!
Inspirational guys. Took me three years to absorb this but im flying now. I was in cei before it was pumped... Big bears recent spike made me 300%. Big thankyou to both of you.
2 solid guys, great attitude, grounded, my heros and inspiration
Loved this video, especially the part about emotions starting at 16:00. Good stuff!
these interviews are very good i hope you do some more since its been 4 years now since you interviewed all the mentors cheers
These two lads don't go hungry....
Facts
Yes, their garbage disposals eat better than 99% of the world!
@@mayhem1974 correction.. 99.9999%. (had to stop at the 4th PIP.
decent girth on both
If im correct. Anton’s net worth is around £26 million.
I’ve taken IPLT, and an currently taking PTM (I am on video 25). The courses are excellent. You pick up the nomenclature and processes and spreadsheet code as you go and practice and take notes. Highly recommend the courses I’ve taken. Will be taking POTM also. Can’t wait!!
Love this no nonsense approach, we need more honesty in all sectors of society.
Great legends...every word is diamond of this interview
Woahh..thats a lot of experience, information and knowledge all at once !!! Thank you guys🤝💸
they talk the same language. it's like father and son. I can easily tell Chris' influence on Anton. It's a pleasure to listen to your interviews and videos.
An awesome video from two established trading icons. What I would have given just to be a worthless fly on the wall at Goldman when this pair were at full flow. If you're a rookie (like me), listen to everything they say carefully, as the advice given is not BS and ultimately pure gold.
Keep up with these interviews! They are fantastic! Very useful indeed.
Another great video Anton! I enjoyed the discussion on the emotional detatchment.
in this type of world its nice to hear reality and honesty ,im only saying that because they are both easy to read thanks guys
Great video thanks for the upload. First time I'd seen or heard of Chris Cathey and was very impressed. The man obviously knows what he's talking about. And he's from my hometown which was nice to hear. Not many trading legends on CZcams with a Geordie accent haha!
36 min of absolute value. Thank you gentlemen!
Great Video Anton thank you I literrally have the education series playing in the background everyday whilst trading. Top qulaity information
interview is just phenomenal. Thanks guys.
Thanks, guys.
Excellent video with professional traders.
A lot of value in this video.
Top interview, best one yet
Great interview, l will watch this many time, very important lessons to learn from trading gurus. Thank you
Thank you for sharing your experience and wisdom. Love your videos.
Thank you guys, confirms my Trading Journey :) Love it
I’m about to go on month 9 of my day trading career and I’m just starting to learn to be patient on my trades. Good commentary. Just what I needed to hear
So, how's you career in trading going so far? you now been doing this for almost two years?
great interview, absolute pleasure watching the yt vids the institute are putting out.
Trading Psychology 101:
* Patience.
* The emphasis of stop losses is key if the trade is working against you.
* Generating trading ideas and risk management.
* The importance of having a mentor
*
*
*
I can go on and on. All of the above I picked up from the 1st watch. This interview is so clear and concise. My trading psychology is fixed. Thanks Institute of Trading and Portfolio Management.
Nomsa Ledwaba May I ask where you trade in mate?
That was spot on, more insights on what happens in the mentorship programme. Idea generation is key, a portfolio of 10 equals 20 plus ideas.
.. so interesting and informative interview. Thanks a lot for this.
I recently found you guys... I love listening to past trading stories. Floor traders should get together and talk about the crazy parts of their careers.
great interview, great words, well taken. thanks to the both of you. am previleged.
just a thought, why don't you guys put all these interviews in a playlist?! it'd make it a little more convenient to binge watch them!
Or put them in you own playlist lol
untwerf spoken like a bitch why do you do it...
Brilliant Idea, great viewer locking method! They could make a bit more money off CZcams aswell.
Like he cares about what you think. That must be it.
The idea is for you to buy and get started and not conveniently watch these videos...LOL!!!
I finally broke down and watched million dollar trader this weekend (I don’t like reality shows because they’re usually bullshit). By the end of the third show I was thinking What it would have been less me to trade under Anton and to know a fraction of what he knows. I’ve been devouring all the videos since then. I have to go to one of the seminars in NYC.
Pure gold. Thank you boys!
Anton and Chris, Great video! Will be sharing this as always.
Am I the only one with a notepad and a pen writing everything down?!
Anton and Chris, thank you for the wealth of information here!
So many gems in this interview
These masters are giving excellent advise. It is real.
thank you for the knowledge. never knew that the big guys prefer shorting instead of long.
Absolutely, I am mostly in poositions too early... Timing ís so important
I'd enjoy to learn from Chris man. Such a good energy!
Thank you for this. It means the world to me.
This is the best interview I have ever seen on day trading ❤❤❤thanks a lot bothers of you ❤❤❤
One is a Liverpudlian, the other sounds like a Geordie, proving the point that when it comes to the cut and thrust of financial trading, it`s ability that counts and not your background.
Thank you for sharing. Great interview.
Great video, priceless information.. Many thanks!
Hugely informative interview, thanks guys!
We all know how stressful trading can be. Love how calm these guys are when discussing their thought process.
making billions makes you confident
Being a professional in anything means defeating your inner fears and insecurities, not any dollar amount that people use as an excuse.
Lots of nuggets of wisdom in this conversation.
I'm starting with trading and those guys has a lot of knowledge
Thankyou guys for the great information.
Great video I wish I learned about you guys sooner. Thank you very much
This is so valuable, thanks Anton!
If living the reality was a human being, these guys are one of the best embodiments.
Much is mentioned of patience here, and the idea that it takes 2 years to learn your craft. Is the professional world so kind as to allow you this kind of time frame?!
Very good advices for new traders! Thanks a lot
The Biggest and most Important key lesson here, IMO, is actually of what to do or what not to do. Emotional detachment is Impossible. We are humans and when we see massive losses in our P/L, market moving very quickly the other way, margin calls, etc. we can't help but have a reaction. Like these guys said, it's What they did. Not panicking but doing something and that separates the pros from the amateurs. Knowing what to do and what not to do. One valuable lesson I recently learned in a trade, believing that it was going down, I shorted a position and there were two trading days that it went the other way. I set my stop at a certain level because I know that this market can run the other way very quickly. I got stopped out but was able to recover a bit. I had several opportunities to come back in at the same level but I didn't. Now the market is way down so I was right in the direction but the timing just slightly off. These trading courses may be a good thing but like these guys said, paper accounts are worthless. That is true emotional detachment!
Love the music... I'd like it to play every time I enter my office! Another epic video
What is the title of the Music ? Thanks :)
Understood Chris’s thought process, rich content.
This channel is a true gem
Awesome talk. These videos are helping us a lot.
i am just a beginner and i really like this guy hes staright out thank you for your video
thisreal deal videos from the actual professional traders is so underrated, retail traders would rather worship those day trader gurus who loves to show off their good life!
Thanks Guys best video for new traders.
Chris sounds so humble, down to earth and genuine, there were some really great tips about how to develop as a trader. Great vid. I've heard it said that scientists can be good traders as they have a good mindset to be logical and explore and test out new ideas, and work to a system. I guess that is true with Chris.
Anton is the man. Thank you sooo much. I always wondered who was your mentor , because you absolutely Amazing. My life is transforming. My health my wealth my wisdom trending up LOLL
I am doing the PTM at the moment and this video is masterpiece. I have watched this a few times now and I am learning something new about risks each time. It correlates very well with the 'Having discipline' part of the course. AMAZING AND THANK YOU.
Gold. Thanks for solidifying some ideas.
Yeah man, I remember when I was younger. I thought I was hot stuff, got into stocks, and absolutely failed. Learned my lesson. Moved on to safer investments, such as playing at the casino.
so fantastic... would love to be mentored. Been trading for a few years now and love it.
Great interview, I learned alot. Thanks!
Love your vídeos Anton. Keep it up i have learned alot
Thanks for teaching, great info
Thank you for this video. Great content and insights :)