#102 Matt 'PAX' Kenah: A Futures Trader's Story - Part 2

 

This is the 2nd part of this deep and profound chat with former Chicago pit trader Matt PAX Kenah.

In this 2nd part Matt we discuss the painful realities of trading. Matt talks about how he had to build a trading career for a second time around after a disastrous loss of his capital, when his broker collapsed. 

We look at the steps Matt took, and the foundation blocks he built, to come back and rebuild his trading career. Matt talks about the support of his wife, his religious faith, his faith in God, and ultimately how his rebuilt his faith in himself.

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 mental pressures of trading, and how he takes care of himself.

We also explore the dangers of falling for the hype, and how this impacted Matt when he was 10% of the Nasdaq futures volume when ego took over, and the dangers this presents.

You can hear the interview on your preferred podcast Service at these links:

🎧 https://bit.ly/AM_Pax2
📺 https://bit.ly/YT_Pax2

Find out more about Matt and the PAX group at https://thepaxgroup.org/
You can follow Matt on Twitter at https://twitter.com/paxtrader777

If you would like to hear part 1 of this chat, you can listen at the following links:

🎧 https://bit.ly/PAX_AM1
📺 https://bit.ly/PAX1_YT

AlphaMind Podcast Sponsoring Partners

TradeStation Global is a multi-asset trading platform with access to international markets. Trade Stocks, Forex, Futures and Micro e-Mini Futures from one account. Leverage professional-grade tools like RadarScreen®, The Matrix, and EasyLanguage® an intuitive coding language for traders.

With TradeStation Global there are no hidden price spreads - just transparent, low commissions. Click here to find out more and open an account.

TradeStation International Ltd, authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom, acts as an Introducing Broker to Interactive Brokers (U.K.) Ltd. The firm does not provide investment advice or trading recommendations. Investment and trading involve risks, including possible loss of principal. 

TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. At present, the TradeStation Global product is not available to EU residents.

The Society of Technical Analysts provides world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver at the London School of Economics and has been created by many of the leading minds in the field of technical analysis. 

AlphaMind Podcast listeners can obtain a 10% discount on the Society of Technical Analysts world-beating Home Study Course at this link.

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#95 Robert Carver: Trading, Trading Wisdom, and Trading Systems

 

Listening to Robert Carver will make you a wiser trader. Period.

Robert Carver is a treasure trove of trading wisdom, knowledge, know-how and first-hand experience. He has a strong background in economics, has worked as a trader at a leading investment bank and at a $30 billion hedge fund where he ran a major chunk of their trading capital for several years. In addition, Robert has built his own trading systems, traded, and still does trade, his own money, and has thought intensely about trading having written at length, and taught about, trading and trading systems. 

In this chat, we delve deep into Robert’s reflections about the challenge of trading both systematically and discretionally. In his own self-deprecating manner, Robert shares his thoughts on the common errors traders make, many which he admits he help himself made. We also explore aspects of trading behaviour, constructing powerful and robust trading systems both semi-discretionary and fully automated, the importance of trading risk management, use of leverage in trading, and understanding the importance of doing the un-sexy work which is so crucial to trading success. 

This chat will fascinate, intrigue, and educate you. 

You can find out more about Robert Carver on these links:
Twitter: @investingidiocy
Website: https://systematicmoney.org/

Books by Robert Carver:

• Leveraged Trading: A professional approach to trading FX, stocks on margin, CFDs, spread bets and futures for all traders. 
• Systematic Trading: A unique new method for designing trading and investing systems. 
• Smart Portfolios: A practical guide to building and maintaining intelligent investment portfolios

Due for release in April 2023

• Advanced Futures Trading Strategies: 30 Fully tested strategies for multiple trading styles and timeframes.

Listen 🎧 here 

YouTube 📺 here

AlphaMind Podcast Sponsoring Partners

TradeStation Global is a multi-asset trading platform with access to international markets. Trade Stocks, Forex, Futures and Micro e-Mini Futures from one account. Leverage professional-grade tools like RadarScreen®, The Matrix, and EasyLanguage® an intuitive coding language for traders.

With TradeStation Global there are no hidden price spreads - just transparent, low commissions. Click here to find out more and open an account.

TradeStation International Ltd, authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom, acts as an Introducing Broker to Interactive Brokers (U.K.) Ltd. The firm does not provide investment advice or trading recommendations. Investment and trading involve risks, including possible loss of principal. 

TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. At present, the TradeStation Global product is not available to EU residents.

The Society of Technical Analysts provides world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver at the London School of Economics and has been created by many of the leading minds in the field of technical analysis. 

AlphaMind Podcast listeners can obtain a 10% discount on the Society of Technical Analysts world-beating Home Study Course at this link.

Newsletter

Subscribe here

#96 Tom Hougaard: Best Loser Wins

Tom Hougaard is a ‘high-stakes’ day trader, and author of a superb new book ‘Best Loser Wins: Why Normal Thinking Never Wins the Trading Game’, which focuses on the mental battle needed to succeed in trading and the challenge of getting your mind right. 

Tom is someone who has faced his own battles to become a successful trader, and like many he has gone through that cycle of try, learn, fail, try again and eventually succeed. 

Tom is passionate about trading, as you will hear, and also loves helping others to learn. He runs an excellent telegram channel, you can find out more about this on TraderTom.com, which has over 15,000 members. 

This is a terrific interview which will educate, fascinate, and challenge you. 

🎧 Audio Here

📺 YouTube Here

AlphaMind Podcast Sponsoring Partners

TradeStation Global is a multi-asset trading platform with access to international markets. Trade Stocks, Forex, Futures and Micro e-Mini Futures from one account. Leverage professional-grade tools like RadarScreen®, The Matrix, and EasyLanguage® an intuitive coding language for traders.

With TradeStation Global there are no hidden price spreads - just transparent, low commissions. Click here to find out more and open an account.

TradeStation International Ltd, authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom, acts as an Introducing Broker to Interactive Brokers (U.K.) Ltd. The firm does not provide investment advice or trading recommendations. Investment and trading involve risks, including possible loss of principal. 

TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. At present, the TradeStation Global product is not available to EU residents.

The Society of Technical Analysts provides world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver at the London School of Economics and has been created by many of the leading minds in the field of technical analysis. 

AlphaMind Podcast listeners can obtain a 10% discount on the Society of Technical Analysts world-beating Home Study Course at this link.

Newsletter

Subscribe here

#92 Peter Castle - The Zen Trader: How Ancient Wisdom Can Help You Master Your Mind and the Markets.

Peter Castle started trading in 1995. Whilst going through the process of learning trading and listening to many of the great trainers and teachers of trading, he noticed how many of themes focused on lessons that had a spiritual component. He realised how trading the markets can push you to the edge of desperation, which then impacts you mentally and can lead you into downward spiral of negativity that manifests poor performance and eventually mental burn out.

Peter started to incorporate some of the teaching of his learnings from Buddhism, into a mental process which helped him to cope better with demands placed on him as a trader. This was to have a hugely positive impact on how he managed himself in markets, how he processed information and how he made trading decisions. Peter has now shared his reflections on this journey in a new book ‘The Zen Trader: How Ancient Wisdom Can Help You Master Your Mind and the Markets’

You can find out more about Peter on his ‘easy share trading’ website: https://easysharetradingsystems.com.au/

The book ZenTrader can be purchased on the Harriman-House website here: https://www.harriman-house.com/zentrader

Listen 🎧 https://bit.ly/3zNh1pM

View 📺 https://bit.ly/3n5jUut

AlphaMind Podcast Sponsoring Partners

TradeStation Global is a multi-asset trading platform with access to international markets. Trade Stocks, Forex, Futures and Micro e-Mini Futures from one account. Leverage professional-grade tools like RadarScreen®, The Matrix, and EasyLanguage® an intuitive coding language for traders.

With TradeStation Global there are no hidden price spreads - just transparent, low commissions. Click here to find out more and open an account.

TradeStation International Ltd, authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom, acts as an Introducing Broker to Interactive Brokers (U.K.) Ltd. The firm does not provide investment advice or trading recommendations. Investment and trading involve risks, including possible loss of principal. 

TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. At present, the TradeStation Global product is not available to EU residents.

The Society of Technical Analysts provides world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver at the London School of Economics and has been created by many of the leading minds in the field of technical analysis. 

Alphamind Podcast listeners can obtain a 10% discount on the Society of Technical Analysts world-beating Home Study Course at this link.

Newsletter

Sign-Up for the AlphaMind Newsletter here.

AlphaMind Podcast #90 Linda Raschke: Trading and ‘The Power of The Mind’

 

Linda Raschke is one of those traders who is quoted often by other traders. That gives you a sense of the respect and regard with which she is held in the trading world. 

Linda started trading since the early 1980s, and after a tough introduction to the world of trading, went on to achieve great success and attained notoriety in the trading world after she was featured in one of the early Market Wizards books. 

Recently Linda wrote ‘Trading Sardines, Lessons in the Markets from a Lifelong Trader’, a brilliant and high entertaining recap of her trading journey, where she shares  great advice, valuable reflections, and a fair dash of humour, which really captures her zest for life. 

In this interview, you can hear how Linda's incredibly deep passion for trading, markets, and how to overcome the mental challenges which make success in this career so elusive and challenging, and we were delighted that she was willing to discuss this so deeply on the AlphaMind Podcast.

Listen Here: 🎧 https://bit.ly/3Nhucmj

View Here: 📺  https://bit.ly/3Lh0c8B

AlphaMind Podcast Sponsoring Partners

TradeStation Global is a multi-asset trading platform with access to international markets. Trade Stocks, Forex, Futures and Micro e-Mini Futures from one account. Leverage professional-grade tools like RadarScreen®, The Matrix, and EasyLanguage® an intuitive coding language for traders.

With TradeStation Global there are no hidden price spreads - just transparent, low commissions. Click here to find out more and open an account.

TradeStation International Ltd, authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom, acts as an Introducing Broker to Interactive Brokers (U.K.) Ltd. The firm does not provide investment advice or trading recommendations. Investment and trading involve risks, including possible loss of principal. 

TradeStation®, EasyLanguage® and the other company trademarks in the TradeStation platform are owned by TradeStation Technologies, Inc., a technology research and development company affiliated with TradeStation International Ltd. At present, the TradeStation Global product is not available to EU residents.

The Society of Technical Analysts provides world beating technical analysis education programmes and offer outstanding membership services with regular talks and meetings. Their Home Study Course is based on the Diploma Programme they deliver at the London School of Economics and has been created by many of the leading minds in the field of technical analysis. 

Alphamind Podcast listeners can obtain a 10% discount on the Society of Technical Analysts world-beating Home Study Course at this link.

Newsletter

Sign-Up for the AlphaMind Newsletter here.

AlphaMind Podcast #89 Garth Mackenzie - What Drives Trading Success?

In this episode, we discuss with Garth Mackenzie, what he feels drives trading success, what drives his trading success, and what is it about his approach which has contributed to his success thus far. Garth has been trading for over 20 years, however Garth admits the journey was anything but smooth, and despite some early successes, he found that the market was as adept in taking away, as it was in giving. In the years since his early trading days, Garth has gone on to build a thriving trading practice, putting both his own money and institutional money to work in the markets. In addition to being a trader, Garth is one of the most genuine and honest Trader Educators out there, providing excellent trading education services for the wider trading community through his ‘Trader’s Corner’ service and his ‘Talking with Traders’ podcast.

Listen Here: 🎧 https://bit.ly/3Mx1kWY

View Here: 📺 https://bit.ly/Garth_YT

Garth Mackenzie Contacts and Services: Twitter: bit.ly/3vDIYwt

LinkedIn: bit.ly/3K9NPLh Trader’s Corner Website: bit.ly/3xIa8VI Talking with Traders Podcast: apple.co/3k3mz6f

The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall. To find out about AlphaMind more visit the AlphaMind website.

The AlphaMind Podcast is sponsored by 'The Society of Technical Analysts'.

Obtain a discount on the 'The Society of Technical Analysts' world beating Home Study Course or Home Study Course with Diploma programme. Go to this link to find out more.

Sign-Up for the AlphaMind Newsletter here.

AlphaMind Podcast - Episode 88 - Winning at Trading by ‘Learning to Fail Well’

The trader and author of the book ‘Phantom of the Pit’ Art Simpson’s said of trading, ‘The Best Loser is the Long-Term Winner’. 

Trading like poker, and many games entails losing and failing often, many of the greats of trading will tell how failure and being able to cope with failure, lie at the core to success. In this episode of the AlphaMind podcast, we discuss the 3 ‘Fs’ of Fear, Frustration and Failure, and how success requires learning ‘how to cope with failure, since failure is such a big part of trading success. 

🎧 Listen on your prefered podcast platform here
📺 Listen on YouTube here

The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall. To find out about AlphaMind more visit the AlphaMind website.

The AlphaMind Podcast is sponsored by 'The Society of Technical Analysts'.

Obtain a discount on the 'The Society of Technical Analysts' world beating Home Study Course or Home Study Course with Diploma programme. Go to this link to find out more.

Sign-Up for the AlphaMind Newsletter here.

AlphaMind Podcast #86 Sam North: What Successful Traders Do Differently to Succeed

Sam North trades for himself and mentors’ other traders for eToro, the world’s largest social trading and multi-asset brokerage company, where he is their trading school lead. 

In this great chat with the AlphaMind Podcast, Sam went deep into what it takes to succeed as a new trader, shared his reflections on patterns common to those he sees who succeed, and opens up about mistakes he witnesses which cause so many to fail. 

🎧 Listen here

📺 Watch here

The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall. To find out about AlphaMInd more visit the AlphaMind website.

'The Society of Technical Analysts' is a sponsoring partner of the AlphaMind Podcast

Followers of the AlphaMind Podcast can gain an exclusive discount on the full cost of the Society of Technical Analysts world beating Home Study Course and Home Study Course and Diploma programme. Go to this link to find out more.

Sign-Up for the AlphaMind Newsletter here.

AlphaMind Podcast #85 Sources of Trading Edge

                      

Finding your trading edge and learning how to sharpen your trading edge, are what ultimately define whether you succeed or fail.

At The AlphaMind Project we believe there's 3 main sources of edge for traders and that these 3 edges support each other to make each edge more potent and powerful.

In this episode, AlphaMind podcast hosts Steven Goldstein and Mark Randall discuss this topic and illuminate for listeners how the development of trading mastery is a multi-year journey which requires a trader to cultivate the ability to combine these edges into a singular sustainable practice, unique to them, and which powers their success in the complex, uncertain and challenging situations they face in financial markets.

🎧 Listen & subscribe here

📺 Watch & subscribe here

The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall. To find out about AlphaMInd more visit the AlphaMind website.

'The Society of Technical Analysts' is a sponsoring partner of the AlphaMind Podcast

Followers of the AlphaMind Podcast can gain an exclusive discount on the full cost of the Society of Technical Analysts world beating Home Study Course and Home Study Course and Diploma programme. Go to this link to find out more.

Sign-Up for the AlphaMind Newsletter here.