The AlphaMind Podcast

#101 Matt 'PAX' Kenah: A Futures Trader's Story - Part 1

Nov 30, 2022
Matt 'Pax' Kenah, former Chicago Floor Trader turned mentor, discusses the emotional challenges of trading, his journey from a runner to Nasdaq trader, personal setbacks like divorce and family deaths, the shift to electronic trading, and the importance of balancing work and family life.
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ANECDOTE

From Runner to Millionaire

  • Matt Kenah started as a runner at the Chicago Mercantile Exchange after high school, working various jobs.
  • He later entered the seminary, but eventually returned to trading, married, had a child, and made his first million before 30.
ANECDOTE

Early Trading Struggles

  • Matt started trading with $10,000 backing, quickly losing a significant portion on his first day.
  • Despite initial success as a clerk, he struggled to adapt to trading, losing almost everything within months.
ADVICE

Avoid Early Debt

  • Avoid borrowing money or signing unfavorable deals when starting as a trader.
  • Buy yourself time to learn and develop your skills.
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