#102 Matt 'PAX' Kenah: A Futures Trader's Story - Part 2
Dec 13, 2022
47:23
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Former Chicago pit trader Matt 'PAX' Kenah shares his journey of personal battles, loss from MF Global collapse, and rebuilding his career. He discusses the importance of support from family, faith, and self-belief in trading. The podcast delves into the dangers of ego in trading and the significance of self-care amidst the challenges of the industry.
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Quick takeaways
True success in trading is measured by long-term financial security, not short-term gains.
Self-compassion and personal growth are essential for navigating trading challenges and achieving success.
Deep dives
The True Measure of Success in Trading
Success in trading is not solely about the money you make in a year or over a career, but rather about the wealth you accumulate after leaving the trading floor. The podcast emphasizes the significance of not being impressed by short-term financial gains, highlighting that true success lies in long-term financial security.
Trading Mindset and Personal Growth
The podcast delves into the importance of trading psychology and personal development in achieving success as a trader. It features a discussion on how self-compassion and self-awareness play a crucial role in navigating the challenges and triumphs of trading.
Finding Purpose and Resilience in Trading
Veteran futures trader Matt Paxkenna shares insights on finding purpose and resilience in trading. He discusses how his religious and spiritual beliefs have influenced his trading journey, emphasizing the significance of structuring his life around meaningful practices and principles.
Overcoming Internal Obstacles and Building Self-Compassion
The episode highlights the importance of overcoming internal obstacles and negative self-talk in trading. It emphasizes the need for self-compassion and self-forgiveness, encouraging traders to focus on continuous personal growth and to navigate challenges with resilience and hope.
In this 2nd part of this outstanding chat with former Chicago pit trader Matt ‘Pax’ Kenah. Matt takes us to a deeper exploration of his story.
We discuss Matt's personal battles, hiss loss caused by the collapse of MF global, the struggles with his self which followed this, and the rebuilding of his career.
We look at the steps Matt took, and the foundation blocks he built to come back and build a trading career for a second time around. Matt talks about the support of his wife, his religious faith, his faith in God, and ultimately how his rebuilt his faith in his self.
This is powerful conversation, where Matt talks openly and frankly about the challenges of trading, and the dark places trading takes people to. We discusses the mind games he, and others, play in order to survive the realities of trading, and how he takes care of himself.
We also explore the dangers of falling for the hype, and how this impacted him when he was 10% of the Nasdaq futures volume when ego took over, and the dangers this presents.
You can follow Matt on Twitter at https://twitter.com/paxtrader777 _______________________________________________________________________________________
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