Chris Cathey & Anton Kreil Discuss Emotional Detachment in Trading 

400mil of total exposure. Not loss.

Lmao 😅

@@sarmand777 lolll 48 months in the feds 😂🤣for losing 50,000 people’s pension.

had me cracking up too

If I understand the move correctly, the stock they shorted squeezed (i.e. other short sellers frantically seeking to cover their trades) and it gapped up, hence by-passing the stop-loss. Rather than covering to a loss like most other traders they stuck to their original strategy and decided to hedge their massive loss by longing on the Eurostoxx. Instead of falling down the tree (= panic) they carried on and looked out for a vine to jump to. I know, easier told than done...

Have a SL level and PT levels

God help you.

Mental stops

Buying stocks meant that they stopped their losses even if mkt continues higher .

That is a relative situation to each stock based on the technicals. Selling at any time is never bad if your P/L is green, he emphasized the stop loss greatly, however.

Professionals have a target prior to entering the trade. So they know

Both of these answers are incorrect. What he's saying is, don't tell yourself "i'll get out at 20% profits" for example. How do you know this position will gain 20% in profit?? You don't. So you take profit as you see the opportunity to do so. "you can't lose money taking a profit" is the dumbest advice in trading. If your profit, is 1-2% then it only takes 1 significant loss to wipe out dozens of small winners. "Professionals have a get out target" that's true, but they may or may not get there, the market will decide. We are only there to take what is given to us. We can't demand more from the market, and we get out if we are given less.

Play big, peel some off as the market gives you money and always keep runners, for no one knows when the momentum stops. You want to capture as much as you can.

Well them trading other peoples money is basically theirs, the more profits they make the grater their bonus

That works for politicians, not traders. If you lose an actual company money, you're more often than not finished.

You're trading the money of some of the most powerful people in the world. I don't think you will be doing too good for yourself if you lose all their money.

You guys clearly don't understand what Investment Banks or the Hedge Funds did pre-2014.