Free Telegram Community! 👉🏽 t.me/pocketsofrizdom Free Trading Plan 👇 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 ⬇️ www.tradezella.com/?via=riz ⬇️Use Code “WOR” for 20% off your yearly subscription ⬇️ 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. 👉 app.alphacapitalgroup.uk/signup/RIZ 👈
@@Kloutkulturehe's right there's probably a ton of retail traders with a better percentage return that could work at these companies but just don't because they see no point in doing that
Really good podcast. It is refreshing to have the older heads being interviewed because they have been around for so long & know the real side of trading instead of these online FURUS.
I had to pause the video and make this comment with a microphone. Riz I love and appreciate the people your brining on, these are the real traders that have stood the test of time and have proved their value in big corporations. thank you, your effort doesn't go unnoticed
Cathey is another level, you can see hes not comfortable with a lot of the stupid questions and even being compared on the same level to day traders who scalp
Yes this interview was painful to watch in places. The almost completely idiotic questions ("and were you also trading while you were [running coffee orders?]" when the man has explained at least three times that this is the training BEFORE they let him loose trading) combined with the ludicrous responses that make it sound like this interviewer thinks he's talking as equals and Cathey has - or even should have - even the faintest bit of interest in what he's saying makes this just an unbearably idiotic waste of the time of someone who must be wondering what the hell he agreed to this for.
"Intelligence, ambition, enthusiasm" ❤❤ Real big guy you got sitted there. This is great! Thank you for finding and sharing this valuable interview from such an amazing person.❤🎉
After 7 years of trading full-time, chris thought process is exactly how I basically summarize my 7 years of trading experience ..this one was a good podcast without bs
Not real helpful. More helpful would be .. have set ups with at least 70 percent expectancy. Use stop losses to save you from the 30 percent that don't work. Don't risk more than 2 percent of your capital on any one trade. Have max trade, day, and week loss limits that shut you down if you are doing poorly. The market is always gonna be there ... every day brings new opportunities. You don't need to trade everyday. And above all losing correctly is the secret of this game.
@@honingpot4577thats what works for him.. just like marty schwartz vs funda traders. They all make money.. i would always go with this guy than miami marketers..
bro smb has over 100 million invested in orderflow technology........ their tech is " proprietary" and so is their return! go watch any smb video and you get literally nothing out of it because the edge is in the tech, ability to front run orders, identify absorption, find areas of imbalance......... NO RETAIL KNOWLEDGE KNOWS THIS SHIT BRO
There is a reason why smb Capital is a small company and will never be big like those top hedge funds companies. And you use their answer as your inspiration, you will never be a winner
While there's little I agree with that comes from Anton Kreil, Dr Chris has just delivered a super enjoyable interview. Calm, relaxed, knows his stuff from top to bottom and inside out. A genuine pleasure and I would put this in the top 10 of the 122 interviews so far. Great stuff Riz.
when you get to a certain point in trading, where you see exactlt what the market is , how it moves, and whats profitable. youll realize how little these furus know. great podcast!, love the one with John. NERD PRESENT!!!
I've been a huge fan of Chris and the other mentors at ITPM for a long time (Full disclosure I am ITPM alumni and fully endorse the courses and mentoring programs they offer). My only complaint was I never really got to know much about their personal lives and it was so nice to hear about Chris as a person and his outlook on life and family. The most interesting part of the interview for me was gaining insight his personality. He sounds like a wonderful Dad, but also capable of turning on the 'brutality switch' and becoming totally present and self-aware e.g. "I didn't feel particularly stressed" or "I've always been self-confident" or when Riz asked him who he would like to meet from the past he said "I would just focus on the world today" all these responses are hallmarks of positive or dare I say 'good psychopathy.' Highly recommend Dr Kevin Dutton's book "The Good Psychopath's guide to success". Chris ticks the boxes.
YOU ARE GREAT IMPACT CREATOR IN FINANCIAL MARKETS BROTHER. THE CRAZY IDEAS AND PEOPLES YOU ARE BRINGING IN TO GUIDE US NEW TRADERS. SO WE WONT MAKE ANY SILLY MISTAKES. THANK YOU!!..
Dr. Cathey is an absolut legend, from which thre are unfortunately not so many in our small retail world. Every trader should listen to all what he said in this podcast at least 2 times.
Shit hot podcast mate, great insights and I also bit the bullet last year and done the fundamental course with FX1 and honestly, I couldn't believe I had ever traded without knowing fundamentals, I was so naïve, but we live and learn. Fundamentals for me now is absolutely essential and has change so much for me. I'm also going to do ITPM this year and get that under my belt to grow.
The people that say scalping can't be done are part of the 95% who failed (to fail at scalping means to give up before you succeed.... quitters). I have to admit that I thought the same way for a while after spending a couple of years learning to scalp, but YES, I'm doing it consistently, and doing very well at it now. I find that trading with the trend, taking advantage of dips, with a momentum candle bringing it out of the dip, to be a very successful strategy. I've experimented with win to loss ratios from positive to negative ratios; I find a 0.7: 1 to a 0.6: 1 negative win to loss ratio to be the best on my strategy for a few reasons.
The Anton Kreil shtick makes no sense in 2024 when so many of us have consistently been profitable scalping for decades. There are rules like - no trading in a choppy market ,that make scalping profitable. They pretty much scare people into believing their methods are the only ones that work so you must buy their course. Even a basic MA cross works if the rules are kept. A strategy is a strategy and all of em have drawdown periods
😂😂😂😂 stop drinking weird stuff. the man produce A LOT OF MONEY, and u, an unknown using ur ego ang supposed mastery of lines, overlay, and oscillator is better? what a joke 😂😂😂😂😂
It is just stupid to choose this way of trading over a fundamental + technical approach. You are basing your trade ideas on price and indicators derived from price alone. While the other process is much more sophisticated and is going to have a higher winning percentage because you have more wind in your sails. And btw, why the hell would you want to cut a position intraday when it is working for you and you can let it run. The most successful traders in the world aren’t day traders and that is for a reason.
I agree , you can scalp with 100 or 2000 shares of tsla, and if you have edge and follow a sound system you can make money long run. A lot of experts try to be absolute.
Hey man, I noticed the change of caption on this thumbnail... I'm loving it. Very eye catching captions that draw attention. I love it. Your team is doing something good.... I don't know wether it's the marketing team or designer... whoever they are... good work man!!!!
From my neck of the woods great to see him on here but i think many would disagree with him about intraday or scalloping as Riz said majority people trade intraday but i guess if you are trading with millions you aren't exactly going to be scalping. This is the difference with the pro traders vs us regular traders.
@wordsofrizdom always bringing exciting insights from high level traders,1 take away from this pod was risk what you comfortable with,once you get good,learn too risk a little bit dynamic.❤
It takes only one successful scalper to disprove the argument that "scalpers can't be profitable"... here's an example - Bear Bull Traders channel, Andrew Aziz. Sharing his recaps for a number of years, recently even streaming his trading live. Don't let anyone put a limit on what you can do.
When this guy talks, there’s no hesitation, no searching for answers…..he knows his shit, he’s not making anything up, and he laying it all out….Amazing interview Rizz!
Really liked interview. Also hope there will be more guests like this. Would be interesting to know if there is always enough liquidity for them and if not how they deal with that P.s. thanks for your work, no wonder you are the best
I would like to have known exactly why this gentleman thinks intraday retail scalping is not profitable long term. He was certainly adamant on his position but would have been good to get him to give more substance and explanation to his position so we can understand why he believes this to be the case. I "think" it is because his view is that of institutional trader who can't trade the same was a profitable intraday retail trader with smaller account trades - certainly welcome his explanation
scalping should be something you do with very small size as an exercise to understand the small scale. Size should increase with timeframe and your main strategies should be in line with central bank liquidity and longer term trend following -- holding index funds and hedging dynamically with options.
These people speak from their experience. with their capital it's impossible but somebody trading a six figure account can be consistent with scalping.
Funny enough, as a scalper, following this guys approach to the markets made me more profitable than ever. Changed my approach from more of a reactionary trader to generating high quality trade ideas. And he's somewhat right, I can do 100%+ return in a day if I'm trading even up to 5 figures but the more money you manage, the harder it is to trade all that capital effectively because of costs especially if you're scalping small moves. Your overall returns will suffer + now you're talking about RR. Your risk significantly goes up when you're trading small moves while risking a lot of capital that will only net you a very small insignificant %. Scalping up to a small 8 figures can work well, once you start getting to those mid-upper 8 figures+ it doesn't work the same.
@@JimmyJenkinJohnson 7 and 8 figures isn't a lot of money in the trading world. Even if you're risking 0.5-2% your position sizes won't be significant enough to hinder you from scalping because of spreads or fees. Quarterly, annually you can still do very good returns by scalping. When you start managing a decent 9 figures +, that's when your approach has to change. You can still allocate a portion to scalping but it's much harder to do solid returns from a % standpoint scalping.
These guys doesn't care about you or your finances ,they are trading mentors who sell their own courses , that's it. and they want to sell you the idea that no way to make money but our way... trading is a tough journey .you learn something from here and something from there , pay your tuition fees then figure it all out for yourself. Institutional trading is unlike prop trading, different parameters and different processes and a lot of layers , when trading on your own , no one but you .. and you have to control it all. best thing to do is to find a mentor who walked the same path and let him guide you ,just guidance no copying.. P.S most comments will come from strange accounts supporting the idea , pure gold, unbelievable , stuff like that .. almost seen in all ITPM related stuff comments
Interesting perspective but I think he might have been speaking out of turn about intraday trading, he may not be experienced with very good intraday traders. I can't speak to FX, but I know for a fact it is possible to be consistently profitable to a very high level intraday trading Futures utilizing various technical analysis / orderflow alone.
I see why you might say that, but look deeper. He said statistically that it doesn't work, and he's right: Only 1% of people who start trading ever make money.
@@JD_Londonits only 1% because the barrier to enter is lower than Jordan Peterson’s testosterone levels. The percentage would be way, way higher if we only counted people who have put a lot of work in.
while it is difficult for scalp traders to make consistently long-term profits due to the high demands of the strategy, market efficiency, and associated costs, it is not impossible. Skilled, disciplined, and well-equipped traders can achieve consistent profitability, although it remains a challenging endeavor.
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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 ⬇️
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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! 👀
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Love this type of interview, more plzz and more jadecap
Please get PAX trader on!!
this guy is a clown. So many things he says arent true
More comfortable chair for your guests. Peace bro.
Finally, interviews with professionals, not trading influencers
Fr
Well….. just cause he’s a Goldman Sachs trader doesn’t mean he’s any better at making money than retail professionals. To each their own
@@nikamarsagishvili7591what?! Are you serious right now 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
@@Kloutkulturehe's right there's probably a ton of retail traders with a better percentage return that could work at these companies but just don't because they see no point in doing that
@@Silluminiousthere is not 😂
Finally a real trader with resume proof and not a TH-camr or Instagram influencer ... Thank you!! Thank you!! Anton Kreil is a legend!!!
did you have buy this 3k course ?
lol
@@ToluHd I have. I bought all of them and was in Thailand this year. He’s legit.
@@leoxd7029 show me the result
@@leoxd7029well that’s a chunk of work few will do it i have also done every course with them . 10 year head start on retail traders
Great Interview. How Brilliant is it to listen to a Pro Trader with over 30 years experience discuss the markets and trading. 10/10!!!!
Thank you for tuning in🫡
your welcome
Riz please keep bringing these professional traders. Learning so much from them compared to influencers.
Really good podcast. It is refreshing to have the older heads being interviewed because they have been around for so long & know the real side of trading instead of these online FURUS.
I had to pause the video and make this comment with a microphone. Riz I love and appreciate the people your brining on, these are the real traders that have stood the test of time and have proved their value in big corporations. thank you, your effort doesn't go unnoticed
Cathey is another level, you can see hes not comfortable with a lot of the stupid questions and even being compared on the same level to day traders who scalp
exactly, he shows great patience
There are profitable scalpers
Yes this interview was painful to watch in places. The almost completely idiotic questions ("and were you also trading while you were [running coffee orders?]" when the man has explained at least three times that this is the training BEFORE they let him loose trading) combined with the ludicrous responses that make it sound like this interviewer thinks he's talking as equals and Cathey has - or even should have - even the faintest bit of interest in what he's saying makes this just an unbearably idiotic waste of the time of someone who must be wondering what the hell he agreed to this for.
@@swphilosophy3040 haha indeed
"Intelligence, ambition, enthusiasm" ❤❤
Real big guy you got sitted there. This is great! Thank you for finding and sharing this valuable interview from such an amazing person.❤🎉
We want more of these interviews. We have had enough of the gurus and influencers. Keep it coming Riz
@@drakelessner3981 its the biggest guru possible
After 7 years of trading full-time, chris thought process is exactly how I basically summarize my 7 years of trading experience ..this one was a good podcast without bs
Arguably your best episode. This guy is the real deal.
Thank you for tuning in.
The fact he emphasized humility as a mindset, rang a bell 🔔. Helps a person be centered and focused and not off the wall.
This pod had everything! From personal losses, to risk management, and understanding why to take a trade. Rizz, wow! Tip me hat off to you mate
Thank you for tuning in🫡
Riz taking us to the next level. Last episode was a fire and im sure this one will too
please more interviews with real professionals traders like this with many many years of experience and humbleness
Thank you for tuning in🫡
Liked his three tips for the traders-
1) generating ideas
2) managing portfolio
3) back yourself
Risk management by cutting bad positions early
Not real helpful. More helpful would be .. have set ups with at least 70 percent expectancy. Use stop losses to save you from the 30 percent that don't work. Don't risk more than 2 percent of your capital on any one trade. Have max trade, day, and week loss limits that shut you down if you are doing poorly. The market is always gonna be there ... every day brings new opportunities. You don't need to trade everyday. And above all losing correctly is the secret of this game.
SMB capital has 6,7-8 figure traders and they are literlly intraday traders and make millions consistently.
Yeah this man was talking rubbish, to my surprise.
Bro ur comparing fucking Goldman's sachs portfolio manager managing billions to fucking smb capital are u stupid ?@@honingpot4577
Perspective matter, this guy manages >8 figures so fundamental analysis is more important.
@@honingpot4577thats what works for him.. just like marty schwartz vs funda traders. They all make money.. i would always go with this guy than miami marketers..
I agree, SMB cap trades also fundamentally. They need a catalyst (often news) to drive the stock price. Then they just trade it intraday.
I really like this episodes. Great interviews. We need more institutional traders on the podcast, riz!
what a good interview, congrats Riz and Thanks DR. Chirs
These are the professionals with big 💰 not all these Miami influencers who showcase rented properties and rented cars 🚗
a hundred percent! But nobody believes that these guys are the real makers!
the retail guys get the bag too, and notice how all these mf old, you think they wouldn’t be driving luxuary too if they were young
@@tariqstpatrick they got paid annual bonuses in excess of 1m in their 20s ,no longer the case in investment banking now
Not only that but real academics. 4.0 GPA equivalent from Cambridge and PhD
Now this is a gem!! Real trader insight with proven experience from the industry! Can’t stand those financial influencers pretending to be traders
Thank you for tuning in🙏🏽
Please more interviews with people of this caliber in trading is highly appreciated thanks for all u do Rizz!
I've always appreciated Dr. Chris Cathey as he's incredibly experienced and wise
As a student of ITPM, I found this interview great. Thank you for this!
I don’t scalp but I do day trade and even ask traders at SMB Capital if scalping is profitable. The undeniable answer is yes.
bro smb has over 100 million invested in orderflow technology........ their tech is " proprietary" and so is their return! go watch any smb video and you get literally nothing out of it because the edge is in the tech, ability to front run orders, identify absorption, find areas of imbalance......... NO RETAIL KNOWLEDGE KNOWS THIS SHIT BRO
There is a reason why smb Capital is a small company and will never be big like those top hedge funds companies. And you use their answer as your inspiration, you will never be a winner
@@bransans7438 but they're still a bigger winner than you, pal.
While there's little I agree with that comes from Anton Kreil, Dr Chris has just delivered a super enjoyable interview. Calm, relaxed, knows his stuff from top to bottom and inside out. A genuine pleasure and I would put this in the top 10 of the 122 interviews so far. Great stuff Riz.
Thank you for your feedback🫡
when you get to a certain point in trading, where you see exactlt what the market is , how it moves, and whats profitable. youll realize how little these furus know.
great podcast!, love the one with John. NERD PRESENT!!!
Two words for Chris: "Humility & Respect"
Riz Always comes with incredible guests
A statement full of wisdom....why fight the trend...this means the trend will always win....Always ride the trend...no matter the strategy
apple and pears... few similarities with retail trading. Moving those enormous amounts like GS put limits on what you can do. Big limits.
Great episode Riz! Thanks for expanding the horizon and getting professional traders on. Every question I had in my head was asked by you, great work!
Thank you for the feedback & for tuning in🫡
I've been a huge fan of Chris and the other mentors at ITPM for a long time (Full disclosure I am ITPM alumni and fully endorse the courses and mentoring programs they offer). My only complaint was I never really got to know much about their personal lives and it was so nice to hear about Chris as a person and his outlook on life and family. The most interesting part of the interview for me was gaining insight his personality. He sounds like a wonderful Dad, but also capable of turning on the 'brutality switch' and becoming totally present and self-aware e.g. "I didn't feel particularly stressed" or "I've always been self-confident" or when Riz asked him who he would like to meet from the past he said "I would just focus on the world today" all these responses are hallmarks of positive or dare I say 'good psychopathy.' Highly recommend Dr Kevin Dutton's book "The Good Psychopath's guide to success". Chris ticks the boxes.
Thank you for tuning in🫡
@@wordsofrizdom Please get Anton Kreil or Jason MaDonald on please!
YOU ARE GREAT IMPACT CREATOR IN FINANCIAL MARKETS BROTHER. THE CRAZY IDEAS AND PEOPLES YOU ARE BRINGING IN TO GUIDE US NEW TRADERS. SO WE WONT MAKE ANY SILLY MISTAKES. THANK YOU!!..
Finally,real traders.. Keep up the the good work riz
Agree…Chris and Anton echo the same sentiment as my mentor. Legit advice
Fix you did an awesome job in this interview too it was really great! 😎👊 And thanks for coming on Chris!!!
Just learned something new about bull and bear market, thank you and keep them coming 😊😊
Wonderful interview!! So much wisdom. Ty!!!
Pure gold, not just his professional experience, but also his human side
Wow Rizwan. you managed to get interview of Christopher Cathey .. Amazing !
Well, he's there to sell a mentorship... nothing amazing really
Dr. Cathey is an absolut legend, from which thre are unfortunately not so many in our small retail world. Every trader should listen to all what he said in this podcast at least 2 times.
Thank you for tuning in🫡
In my opinion Kathey is one of the best coaches out there Great interview
Thank you for tuning in🫡
This podcast is underrated fr, I enjoyed it .
It might be but your interviews are just getting better and better with each one! All the best!
Thank you for tuning in🫡
This is beautiful..
Thank you RIZ
Wonderful content, glad you are going down the institutional pro route
Thank you for tuning in🫡
Shit hot podcast mate, great insights and I also bit the bullet last year and done the fundamental course with FX1 and honestly, I couldn't believe I had ever traded without knowing fundamentals, I was so naïve, but we live and learn. Fundamentals for me now is absolutely essential and has change so much for me. I'm also going to do ITPM this year and get that under my belt to grow.
I knew it was a matter of time before You can pull something of this high value.
You are amazing Riz. 👏💯🔥
Thank you for tuning in🫡
One of the best podcasts to date. Definitely better having true professionals on
Thank you for tuning in🫡
This guy was literally a market maker. The guys that print the daily high and low on your Nasdaq chart.
Wow one of your best podcast to date this guy is so genuine.
Thank you for tuning in🫡
The people that say scalping can't be done are part of the 95% who failed (to fail at scalping means to give up before you succeed.... quitters). I have to admit that I thought the same way for a while after spending a couple of years learning to scalp, but YES, I'm doing it consistently, and doing very well at it now. I find that trading with the trend, taking advantage of dips, with a momentum candle bringing it out of the dip, to be a very successful strategy. I've experimented with win to loss ratios from positive to negative ratios; I find a 0.7: 1 to a 0.6: 1 negative win to loss ratio to be the best on my strategy for a few reasons.
Beautiful Conversation ❤
Dr Cathey is showing great composure and humility dealing with this clown
Totally. At Goldman, this guy would have gone through a window.
@@swphilosophy3040 he wouldn't even get through the door.. the idea of Goldman assigning $500M+ of risk to a guy like this is laughable.
Giving Great Experiences to us New traders so i dont make mistakes. Thank You so much
Would love to see more of these kind of interviews! Loved this one 👍🏼👍🏼
Thank you Riz for the quality of your interviewees !
Thank you for tuning in🫡
Great to hear Chris' insight on everything - thanks Riz
I learnt a lot from this, thanks rizz
Great interview, the knowledge dropped wow wow thank you so much!!!
Your Podcasts are a gem.
Thank you for tuning in🫡
The Anton Kreil shtick makes no sense in 2024 when so many of us have consistently been profitable scalping for decades. There are rules like - no trading in a choppy market ,that make scalping profitable. They pretty much scare people into believing their methods are the only ones that work so you must buy their course. Even a basic MA cross works if the rules are kept. A strategy is a strategy and all of em have drawdown periods
😂😂😂😂 stop drinking weird stuff. the man produce A LOT OF MONEY, and u, an unknown using ur ego ang supposed mastery of lines, overlay, and oscillator is better? what a joke 😂😂😂😂😂
Maybe so but the professionals don't scalp and they deal with a lot more money and pressure as well as getting paid very well to trade so
It is just stupid to choose this way of trading over a fundamental + technical approach. You are basing your trade ideas on price and indicators derived from price alone. While the other process is much more sophisticated and is going to have a higher winning percentage because you have more wind in your sails. And btw, why the hell would you want to cut a position intraday when it is working for you and you can let it run. The most successful traders in the world aren’t day traders and that is for a reason.
I agree , you can scalp with 100 or 2000 shares of tsla, and if you have edge and follow a sound system you can make money long run. A lot of experts try to be absolute.
thanks
Very good podcast. Thank You and Chris for your time.
Hopefully you will have Mr Kreil on your podcast soon.
Again, thank you.
Thank you for tuning in🫡
Hey man, I noticed the change of caption on this thumbnail... I'm loving it. Very eye catching captions that draw attention. I love it. Your team is doing something good.... I don't know wether it's the marketing team or designer... whoever they are... good work man!!!!
Thank you for your feedback🫡
From my neck of the woods great to see him on here but i think many would disagree with him about intraday or scalloping as Riz said majority people trade intraday but i guess if you are trading with millions you aren't exactly going to be scalping. This is the difference with the pro traders vs us regular traders.
Finally a worthy podcast..
By the way, respect the grind, love your videos keep it up!
@wordsofrizdom always bringing exciting insights from high level traders,1 take away from this pod was risk what you comfortable with,once you get good,learn too risk a little bit dynamic.❤
Sick interview, a professional with decades of experience and vast knowledge of the most basic a fudamental concepts in trading and the markets.🙏🏽
Thank you for tuning in🫡
Love this interview! REAL TRADER!
But real trader trying to sell you a course...
Dr Chris Cathey Thank you for your time.
This was by far your best podcast yet. You need more guests like this.
Thank you for tuning in🫡
I love this content. Pls keep up the good work❤
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I haven't finished the pod yet but i wanna scroll down here just to comment Deyyymmm! this guy is fucking Great.
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Love this with Chris!
It takes only one successful scalper to disprove the argument that "scalpers can't be profitable"... here's an example - Bear Bull Traders channel, Andrew Aziz. Sharing his recaps for a number of years, recently even streaming his trading live. Don't let anyone put a limit on what you can do.
When this guy talks, there’s no hesitation, no searching for answers…..he knows his shit, he’s not making anything up, and he laying it all out….Amazing interview Rizz!
Thank you for tuning in🫡
5:54 🧢
Yoh!! Rizdom
Now you play big leagues 🔥🔥🔥
Thank you for your content God bless.
Thank you for tuning in🫡
great interview like always
Great opportunity to be part of this viewers currently watching this incredible episode courtesy of word of Rizdom and ACG
Really liked interview. Also hope there will be more guests like this.
Would be interesting to know if there is always enough liquidity for them and if not how they deal with that
P.s. thanks for your work, no wonder you are the best
Thank you for tuning in🫡
Finally a legit interview.
If you want a real educational go through Anton Kreil at the institute
Thank you for tuning in🫡
I would like to have known exactly why this gentleman thinks intraday retail scalping is not profitable long term. He was certainly adamant on his position but would have been good to get him to give more substance and explanation to his position so we can understand why he believes this to be the case. I "think" it is because his view is that of institutional trader who can't trade the same was a profitable intraday retail trader with smaller account trades - certainly welcome his explanation
Scalping is for losers 😂
This is gonna be one for the books ! 🔥
scalping should be something you do with very small size as an exercise to understand the small scale. Size should increase with timeframe and your main strategies should be in line with central bank liquidity and longer term trend following -- holding index funds and hedging dynamically with options.
It takes time and experience to realize what you are good at. Keep doing what you are good at.
Read this comment exactly as he said it 😂🎉
Scalpers can't be consistently profitable? Really? Gtfo wit that bs. Im so tired of people saying it cant be done. Its almost laughable.
These people speak from their experience. with their capital it's impossible but somebody trading a six figure account can be consistent with scalping.
Funny enough, as a scalper, following this guys approach to the markets made me more profitable than ever. Changed my approach from more of a reactionary trader to generating high quality trade ideas. And he's somewhat right, I can do 100%+ return in a day if I'm trading even up to 5 figures but the more money you manage, the harder it is to trade all that capital effectively because of costs especially if you're scalping small moves. Your overall returns will suffer + now you're talking about RR. Your risk significantly goes up when you're trading small moves while risking a lot of capital that will only net you a very small insignificant %. Scalping up to a small 8 figures can work well, once you start getting to those mid-upper 8 figures+ it doesn't work the same.
Smb capital got many scalpers and they are 7 to 8 figure traders lol
Even scalpers, should also trade by supplemental methodologies.
@@JimmyJenkinJohnson 7 and 8 figures isn't a lot of money in the trading world. Even if you're risking 0.5-2% your position sizes won't be significant enough to hinder you from scalping because of spreads or fees. Quarterly, annually you can still do very good returns by scalping. When you start managing a decent 9 figures +, that's when your approach has to change. You can still allocate a portion to scalping but it's much harder to do solid returns from a % standpoint scalping.
Great one here!
Absolutely Legend !
Glad you enjoyed the episode!
What a bow of C.
You may sound good for people whom don't know the craft.
this guy is a proper trader
Thank you for tuning in!
finally some traders on the podcast
Wow - an interview with an intelligent adult. Educational.
Thank you 👍👌
Anton krell the famous man who says it’s impossible to make it in retail unless you pay 3k for his course 😂
talked down others and start selling secret sauce .everyone in this industry want to make money bro. Anton won't left money in the table =)))
@@frankiethomas1683 lol
Kreil is a f'ing snake! nothing about that man seems genuine
Everyone has a course to sell…..what a joke
Anton is a snake oil seller
These guys doesn't care about you or your finances ,they are trading mentors who sell their own courses , that's it. and they want to sell you the idea that no way to make money but our way... trading is a tough journey .you learn something from here and something from there , pay your tuition fees then figure it all out for yourself.
Institutional trading is unlike prop trading, different parameters and different processes and a lot of layers , when trading on your own , no one but you .. and you have to control it all.
best thing to do is to find a mentor who walked the same path and let him guide you ,just guidance no copying..
P.S most comments will come from strange accounts supporting the idea , pure gold, unbelievable , stuff like that .. almost seen in all ITPM related stuff comments
Spot on
Great episode!
Interesting perspective but I think he might have been speaking out of turn about intraday trading, he may not be experienced with very good intraday traders. I can't speak to FX, but I know for a fact it is possible to be consistently profitable to a very high level intraday trading Futures utilizing various technical analysis / orderflow alone.
100%, just look at SMB capital and those guys.
I see why you might say that, but look deeper. He said statistically that it doesn't work, and he's right: Only 1% of people who start trading ever make money.
@@JD_London I’d agree it’s a very low percent. Likely due to how difficult it actually is and how low the barrier of entry is.
@@MattOwenTrades for sure
@@JD_Londonits only 1% because the barrier to enter is lower than Jordan Peterson’s testosterone levels. The percentage would be way, way higher if we only counted people who have put a lot of work in.
while it is difficult for scalp traders to make consistently long-term profits due to the high demands of the strategy, market efficiency, and associated costs, it is not impossible. Skilled, disciplined, and well-equipped traders can achieve consistent profitability, although it remains a challenging endeavor.