TRADING LEGENDS - Anton Kreil's Interview with Chris Cathey

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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.

[@InstituteofTrading]

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[@smallrossy]

It's crazy seeing Anton talk with the guy that mentored him

[@abiabraham6637]

Lessons here .. 1.Emotional detachment 2.Idea generation 3.Risk Management

[@kareemmance5845]

abi abraham and Remember NONE of it is real money. Paper account or real, it's all MONOPOLY money

[@max0x7ba]

Main lesson: don't trust someone else's summaries. Generate your own.

[@eddyvideostar]

To Abi: Well written. I like it. This is the holy grail of trading, something that *one can control* with cognizant *certainty.*

[@eddyvideostar]

@@kareemmance5845 To Kareem Mance: You have "2020" vision. Well written.

[@chasehoerig1235]

@@max0x7ba lmfao

[@CIA_Is_aTerrorist_Orginization]

"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

[@intuitivelee561]

100% agree. It's been rough lately, at least for me personally.

[@jhonfamo8412]

Yeah i spent a week thinking the fall was at hand. Then the fed buys into corporate debt..

[@jhonfamo8412]

@@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..

[@desi9131]

@VYCanis Majoris help me please, what is the meaning of 1 or 2 steps ahead, 3 or 4 steps ahead? Thanks.

[@christophercarr5865]

@@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.

[@yas78687]

Anton is clearly not arrogant and appreciates the help and training/mentorship he has received over the years - is great to see :)

[@lpkopkpokop]

I don't even trade, but I love watching these guys videos.

[@reverend900]

yeah.. some life lessons and what money is actually worth. He gives good insight.

[@elouz1755]

tallnsexy63 same here

[@stemikger]

Me too. Don't understand most of it, but I enjoy their insights.

[@mikeohernia5498]

Start trading!

[@ravsingh1576]

Mike O'Hernia What platform should be used to purchase dividends from the stock market? Thanks.

[@dumbass3770]

I respect the fact that they aren't trying sell false hope and dreams and keeping in reality.

[@toulasantha]

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

[@laraschupfer6826]

Thank you!

[@zyrrre]

Easier said eh

[@victorranasingha6913]

Thanks

[@dhanrajgurjar8011]

🙌🙌🙌

[@thatguyshawn3570]

Both of them have similar eyes. It is extremely focused and indifferent at the same time.

[@maodanz1672]

Kreil a hero for educating the working class guy victimized by the sharks I enjoy all his stuff from the start .

[@gideonlui1768]

Felt sad that I found the videos after 5 yrs. But glad they're still up here. Great lessons to implement.

[@javedk2269]

I really enjoyed this video. My best takeaway," be patient and let the trade come to you" (paraphrasing). Thanks Anton and Chris.

[@blueducktrading]

The information in this interview is golden. I'll be saving and re-watching this for years to come. Thanks.

[@lenlontoc3360]

Thanks Anton and Chris! You help us get there. I appreciate your incentive and kind passing of a skill torch!

[@ryan78601]

Superb Interview.. specially the part where EMOTIONAL DETACHMENT is being discussed for few minutes.. gave much clarity

[@slc6288]

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!

[@moaiedsuhail4139]

great to see a great part of history for both legends dear Anton and Dr. Chris, thank you for this interview; love you

[@JohnCashin]

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.

[@PCO231]

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

[@tiagodossantos8100]

@@PCO231 In crypto you learn that market has a lot of opportunities.. you need to be patient

[@alexng4]

@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.

[@mo938]

What about the ceiling fans that do this? (disclaimer: I identify as a ceiling fan).

[@shelbycollins6116]

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.

[@joezagamejr.2846]

Wow. These guys are good. Great interview/conversation. Lots of wisdom here.

[@sabdin25]

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.

[@bucherwurm9117]

another great interview Anton, loved to watch it. thanks to both guys, keep up the good work!

[@Anon-tt9rz]

Just want to thank you guys for putting this out here for free, appreciate it.

[@abdzibdeh]

Loved this video, especially the part about emotions starting at 16:00. Good stuff!

[@tomdisessa1335]

My opinion this is one of the best of Anton's videos no nonsense. Real usable information. Thanks

[@untwerf]

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!

[@tomadams94]

Or put them in you own playlist lol

[@TC-cv1dg]

untwerf spoken like a bitch why do you do it...

[@growlimitless2195]

Brilliant Idea, great viewer locking method! They could make a bit more money off KZbin aswell.

[@verycoldice4]

Like he cares about what you think. That must be it.

[@safetyscrewmarket]

The idea is for you to buy and get started and not conveniently watch these videos...LOL!!!

[@chartmaster5440]

these interviews are very good i hope you do some more since its been 4 years now since you interviewed all the mentors cheers

[@Zlinky111]

Love this. Humility and willingness to share info make these two people greater than just being any old self-focused traders.

[@Mrsmith42e]

Another great video Anton! I enjoyed the discussion on the emotional detatchment.

[@nareshghale1430]

Thank you so much ITPM and the trading gurus for this priceless video. So inspiring and informative.

[@traderuday4202]

Great legends...every word is diamond of this interview

[@krishna3248]

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.

[@ShallShallShall]

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!

[@stargazerlse]

2 solid guys, great attitude, grounded, my heros and inspiration

[@Essays4College]

We all know how stressful trading can be. Love how calm these guys are when discussing their thought process.

[@lukez1729]

making billions makes you confident

[@MinhTran-freespirit]

Being a professional in anything means defeating your inner fears and insecurities, not any dollar amount that people use as an excuse.

[@jacek20]

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.

[@Scientist538]

great interview, absolute pleasure watching the yt vids the institute are putting out.

[@peyfaz1046]

Top interview, best one yet

[@ayantaha3707]

Keep up with these interviews! They are fantastic! Very useful indeed.

[@stevenafford7610]

Thank you guys, confirms my Trading Journey :) Love it

[@zinturis]

.. so interesting and informative interview. Thanks a lot for this.

[@couragesam69]

Great Video Anton thank you I literrally have the education series playing in the background everyday whilst trading. Top qulaity information

[@nomsaledwaba8931]

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.

[@tomclaessen4266]

Nomsa Ledwaba May I ask where you trade in mate?

[@Avishek85]

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!

[@Bigpest2724]

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.

[@andypatch1861]

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.

[@jedturner9173]

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

[@beastman.330]

Love this no nonsense approach, we need more honesty in all sectors of society.

[@tanakachinawa2824]

Great interview, l will watch this many time, very important lessons to learn from trading gurus. Thank you

[@vincec5251]

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

[@alihemmati22]

So, how's you career in trading going so far? you now been doing this for almost two years?

[@benjamindorsey2058]

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!!

[@gambotage]

interview is just phenomenal. Thanks guys.

[@standike9717]

great interview, great words, well taken. thanks to the both of you. am previleged.

[@marketmindset9070]

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 KZbin with a Geordie accent haha!

[@josee248]

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.

[@jashrichhariya6016]

Woahh..thats a lot of experience, information and knowledge all at once !!! Thank you guys🤝💸

[@dwc77]

Anton and Chris, Great video! Will be sharing this as always.

[@MikeSmith-rd9fi]

These two lads don't go hungry....

[@sychophantt]

Facts

[@mayhem1974]

Yes, their garbage disposals eat better than 99% of the world!

[@navyfederal3369]

@@mayhem1974 correction.. 99.9999%. (had to stop at the 4th PIP.

[@Aman1012]

decent girth on both

[@quantumzerelth9140]

If im correct. Anton’s net worth is around £26 million.

[@videohut4445]

Thanks, guys. Excellent video with professional traders. A lot of value in this video.

[@chriscelis1356]

Thank you for sharing your experience and wisdom. Love your videos.

[@BarryHamdani]

These masters are giving excellent advise. It is real.

[@creativebobbo]

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.

[@jurajontko8563]

Absolutely, I am mostly in poositions too early... Timing ís so important

[@mrbangkockney]

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?!

[@WiCapitalco]

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.

[@stefanmirkovic3030]

I'd enjoy to learn from Chris man. Such a good energy!

[@luc9336]

Thank you for sharing. Great interview.

[@FrozenDoberman]

Develop a trading plan. Maintain a daily trading diary. Define the trading universe. Do daily stock scans. Keep a trading watchlist. Train the mind to be 100% emotionally detached from any stock. Buy the leading stocks in leading sectors. Don't allow a stock to fall more than 7 percent below the initial buy price. Keep a trailing profit protect stop loss. Stay away from social media, and trading forums. Repeat the process and enjoy the positive expectancy.

[@Maverick25ish]

The best thing about being patient and waiting for the market to hit your entry level is, if the market doesn't come to you and does something else, then you were wrong and it costs you nothing but you can still learn from it :)

[@eraserlaser]

Hugely informative interview, thanks guys!

[@canerozdemir1214]

thank you for the knowledge. never knew that the big guys prefer shorting instead of long.

[@SP-cx2qi]

Great video, priceless information.. Many thanks!

[@BlauveltBurns]

Love the music... I'd like it to play every time I enter my office! Another epic video

[@GoldmanAgency]

What is the title of the Music ? Thanks :)

[@chasecapital90]

So many gems in this interview

[@crown8144]

This is so valuable, thanks Anton!

[@IgnizerTrading]

Love your vídeos Anton. Keep it up i have learned alot

[@Melchior742]

Thank you for this video. Great content and insights :)

[@justfitnessgoodvibes]

Very good advices for new traders! Thanks a lot

[@booneguy]

If living the reality was a human being, these guys are one of the best embodiments.

[@johnmunge6996]

Thankyou guys for the great information.

[@user-yr7ly5vq2g]

36 min of absolute value. Thank you gentlemen!

[@uknasa007]

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.

[@Who-yo3xh]

Thanks for teaching, great info

[@pt5820]

Great video I wish I learned about you guys sooner. Thank you very much

[@timk3939]

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.

[@ts3bo639]

❤️❤️❤️it...thank you. Much needed

[@joannahuc1318]

Lots of nuggets of wisdom in this conversation.

[@stevendhoop7213]

I'm starting with trading and those guys has a lot of knowledge

[@Thenarayanaclips]

Awesome talk. These videos are helping us a lot.

[@friedit7862]

I have gone through a lot living in a 3rd world country for 36 years, the financial market can't budge my emotions.

[@dariusashouri2439]

nice one lmao

[@chrisjlee2013]

So how’s trading?

[@nowornevernever5860]

If you can’t do anything about it then it shouldn’t let you bothered too...

[@Parseenfroo]

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.

[@martynabonyo8209]

Thank you for this. It means the world to me.

[@butt.]

These interviews are my drug

[@samforshaw7964]

same

[@LoNaude]

Gold. Thanks for solidifying some ideas.

[@TwiztedHumor]

Pure gold. Thank you boys!

[@neverbeforeseenvideos2249]

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

[@ob6164]

excellent discussion

[@nealbosher9293]

This is good stuff. Thanks Anton and Chris.

[@johnchang7]

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!

[@simonparkinson9034]

Thanks Guys best video for new traders.

[@gtkyler1]

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!