Ep 94: Bouncing Back from Trading Losses – Lessons from Matt ‘PAX’ Kenah
From Setbacks to Success
In the fast-paced world of trading, success stories often come wrapped in tales of perseverance and resilience. Matt “Pax” Kenah is, a trader whose journey embodies the highs and lows of the financial markets.
In this podcast interview, Pax opens up about his tumultuous path to success. From personal tragedies to professional setbacks, he faced it all with unwavering determination. Despite the challenges, Pax found solace in the lessons learned along the way.
One pivotal moment was his experience during the MF Global crisis in 2011. After significant losses, he was forced to confront his ego and redefine his approach to trading. He shifted his focus from chasing profits to building a solid foundation based on process and risk management.
With the support of his wife and a renewed sense of purpose, Pax embarked on a journey of self-discovery. He started small, trading one and two lots, with a clear goal in mind: to end each day with a positive outcome and to develop a consistent trading process.
Over time, Pax’s disciplined approach paid off. As volatility increased, so did his confidence. By staying true to his principles and prioritizing long-term success over short-term gains, Pax achieved a level of financial stability he once thought impossible.
Looking back, Pax acknowledges the role that adversity played in shaping his success. Without the hardships of the past, he wouldn’t be the trader—or the person—he is today. Through perseverance and resilience, Pax transformed setbacks into stepping stones toward a brighter future.
We can all draw inspiration from Pax’s journey. In a world where uncertainty is constant, it’s not the failures that define us but how we choose to respond to them. If you are ready to embrace challenges as opportunities for growth and emerge stronger on the other side, this episode is for you!
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com.
Sponsored by CenterPoint. Get FREE commissions for 60 days!
In this episode of The Wall Street Coach Podcast, I had the pleasure of interviewing Stan Ivanov, a senior technology executive turned successful trader. Stan’s journey from Bulgaria to Las Vegas is a fascinating tale of transformation and determination.
Despite experiencing setbacks, including “blowing up” his account multiple times in the early years, Stan remained resilient and committed to mastering the markets. Transitioning from a corporate IT career to full-time trading, Stan’s trading style is heavily influenced by his emotional awareness and problem-solving skills honed in the technology sector. What sets Stan apart is his emphasis on self-awareness, accountability, and integrity in decision-making. For Stan, how he feels about a trade is just as important as what he thinks.
Beyond trading, Stan remains actively involved in the trading community, leveraging his experience to mentor and support aspiring traders. Time is his most valuable currency, and he chooses to invest it in endeavors that have a meaningful impact.
Intrigued to learn more about Stan’s journey and trading philosophy? Tune in to the full podcast episode for invaluable insights and inspiration!
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
Sponsored by CenterPoint. Get FREE commissions for 60 days!
Ep 91: Angry After Trading? Discover This Quick Anger-Release Trick
Transformative Healing: A Journey from Anger to Liberation
In this podcast episode, I had the pleasure of hosting my good friend Dave Shoemaker, the owner of the renowned Ninth Wave Tattoo Shop in Asbury Park, New Jersey. Dave supported me through a very vulnerable and transformative moment in my life which culminated in a cathartic release of anger.
This journey of healing and self-discovery shows the power of unconventional methods in addressing suppressed emotions in a safe and healthy way.
For traders, navigating the tumultuous waters of financial markets can often leave them grappling with intense emotions, particularly the underexplored aspect of anger. The expression of anger in the trading world is seldom discussed openly, and the pressure to maintain composure can lead traders to suppress these emotions. Acknowledging and addressing the source of anger, whether it stems from market volatility, unexpected losses, or external factors, is crucial.
Just as I found healing in an unconventional way, traders may find therapeutic release in constructive outlets tailored to their unique experiences. This could involve debriefing sessions, journaling, or even seeking professional guidance to process and channel the anger effectively. Understanding that anger is a natural response to the challenges of trading, and having the tools to navigate it, can contribute to a trader’s overall mental well-being and resilience in the dynamic world of finance.
Join us as we explore the profound impact of expressing and processing emotions, in a physical and symbolic manner, to find relief and balance.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
Sponsored by CenterPoint. Get FREE commissions for 60 days!
Ep 90: Don’t Let Your Mind Sabotage Your Trading: Master the Mental Game of Trading with Steven Goldstein
Unlocking Trading Success with Steven Goldstein: The Power of Vulnerability and Purpose
In the fast-paced world of trading, success often hinges on a delicate balance of skills, mindset, and adaptability. As traders, we navigate the unpredictable market terrain, facing both triumphs and challenges. In this podcast episode, we explore the transformative journey of becoming a consistently successful trader, shedding light on the often-overlooked elements of vulnerability and purpose.
Embracing Vulnerability: A Game-Changer in Trading
Imagine a scenario where stress is a constant companion, and success is marked by the ability to navigate through the highs and lows of the market. This is the reality for many traders, and it was no different for one individual who went from being a hesitant trader to achieving sustainable success.
In a candid conversation, Steven Goldstein reflects on the transformation that happened when he embraced vulnerability and sought the guidance of a coach. Trading is inherently stressful, but learning to live with and manage that stress became a game-changer. His journey mirrors the experiences of many in the financial world who grapple with the idea of seeking external help for personal development.
Resistance to help is not uncommon in the finance industry. The perception of needing external support can challenge one’s confidence, which is particularly prevalent among high-performing individuals. However, Steven’s story takes a positive turn as he recounts discovering the power of vulnerability. Acknowledging the need for support, opening up to coaching, and embracing vulnerability became pivotal in his journey toward sustained success.
Follow Steven:
On X – @alphamind101
Steven Goldstein is renowned as a top performance coach within the financial market, known for his expertise in guiding individuals involved in trading and investment activities towards enhanced performance and capability. With nearly 25 years of experience in senior trading roles in London’s Rates and FX markets, Steven brings a wealth of insight into the complexities of financial markets and human behavior under risk. He is co-host of The AlphaMind Podcast and his new book, Mastering the Mental Game of Trading, is out now.
More Good Stuff:
Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
Ep 88: Reminiscences of a Day Trader with David S. Hale
Riding the Trading Rollercoaster: Real Talk from David Hale
So, you’ve probably heard all the success stories of traders living the high life. But let’s get real – trading isn’t just about cashing in on big wins. In a recent chat, David S. Hale talks about the not-so-glamorous side of a 23-year career in the industry.
We all go through it – those moments of shame, disappointment, and frustration. David digs deep into the struggles, calling out the stigma around shame that keeps traders from being real about their journey. He’s all about embracing vulnerability, believing it’s the key to letting others know they’re not alone in their struggle.
The conversation gets into the nitty-gritty of why traders find it tough to share their struggles with friends and family. Turns out, losses hit differently in the trading world. It’s not like your regular 9-to-5 where a bad day doesn’t mean your whole life is falling apart.
David doesn’t hold back on the personal stuff, sharing tales of relationship drama and financial hits. He talks about how trading can get toxic and advises traders to build a support system. Lesson learned – don’t go it alone.
One big takeaway? Always have a Plan B. David wishes he had a safety net during the rough times. So, if you’re thinking of diving into trading, stash some savings or have a side hustle ready. It’s like having a financial cushion when the market throws a curveball.
The interview takes on the full-time versus part-time trading debate. David gets it – to be a trading pro requires serious dedication, but he’s not blind to the fact that bills need paying!
Listen in to get David’s perspective on the emotional and practical sides of trading! It’s not just about charts and graphs; it’s about bouncing back from losses, keeping it real, and having a solid plan for when the going gets tough.
Follow David:
X – @CREAMtrader
More Good Stuff:
Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
4:23 Gratitude in the face of struggle. 7:24 Continuous self-destructive behaviors. 18:06 FOMO and trading strategies. 28:37 Systematizing for success. 54:43 Ignoring P&L for better trading. 58:09 Building confidence after losses. 1:16:02 Gratitude is the attitude.
Gratitude’s Game-Changing Role in Trading and Life
Ricky Analog, a seasoned trader with more than a decade of trading under his belt, drops some real knowledge about how gratitude can be a game-changer, not just in trading but in your everyday life. Gratitude isn’t just a warm fuzzy feeling; it’s a practical tool that can boost your trading skills and make your whole life better.
Traders often get caught up in the nitty-gritty of it all, forgetting how incredible it is that they get to trade for a living. Ricky, who’s also a dad of three, is all about reminding us that trading is a pretty unique lifestyle. Outsiders might think traders are just clicking buttons, but it’s so much more than that!
Ricky believes that on your darkest days, gratitude can be your beacon of light. When life gets you down, just a few minutes counting your blessings can totally lift the weight off your shoulders and make your problems seem less daunting.
So, how do you add gratitude into your trading life? So many ways! Listen in to hear Ricky share his thoughts on incorporating gratitude into trading and life.
Gratitude is a total game-changer. By taking a moment each day to remember all the awesome stuff you’ve got, you’re not just leveling up your trading skills; you’re bringing more happiness into your life.
Follow Ricky:
Twitter – @rickyanalog
More Good Stuff:
Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
Sam Prior on Trading, Sports, and Why Adversity Builds the Right Mindset
Sam Prior on Trading, Sports, and Why Adversity Builds the Right Mindset
Sam Prior joins Kim to talk about the path from semi-pro rugby and orthopedic sales into trading. The conversation is strongest where it connects sport and markets without forcing the analogy. Sam’s view is that the real edge is not aggression or bravado. It is the willingness to absorb feedback, survive setbacks, and keep improving even when the result is far from immediate.
That makes this episode especially useful for newer traders. Sam explains why he changed direction after a wake-up call, how discomfort can become a growth signal, and why the first goal in trading is often just to stay in the game long enough to learn. It is a practical conversation about resilience, not performance theater.
The Trader Positioning Index (TPI) is a 15-minute clinical-grade assessment that measures 70+ indicators of your decision-making under pressure – and delivers a 35+ page personalised report with a custom action roadmap. Learn more about the TPI ->
Sam Prior came into trading after a very different professional and athletic background, including semi-pro rugby. In this episode, he talks about how adversity, discipline, and honest self-assessment shaped his transition. The result is a grounded look at why some mindsets travel well from sport into markets.
Key insights from this episode
Sports can help traders because they normalize feedback, setbacks, and the need to improve through repetition.
Growth usually starts at the edge of the comfort zone. Sam frames change as something to lean into rather than wait to be forced into.
Surviving the first few years is the real test. Many traders underestimate how much endurance the learning curve requires.
Adversity can be an advantage if you treat it as information instead of identity.
Trading rewards people who are willing to keep refining themselves even when they are far from polished.
Episode chapters
The current source material for this page does not include a full original chapter list, so none are added here.
Work on this with Kim:Book a free intro call – explore whether 1-on-1 coaching is right for you.
Not ready for a call? Take the Trader Positioning Index – a 15-minute clinical assessment that benchmarks your decision-making under pressure.
Ep 83: Peter Atwater on Confidence-Driven Decision-Making
Author Peter Atwater joins The Wall Street Coach Podcast to talk about his book, “The Confidence Map,” which is a must-read for anyone who wants to improve their decision-making. With over 17 years of experience working with traders and investors, Peter’s “Confidence Map” offers a fresh perspective that resonates deeply with those in the business world.
We delve into the four quadrants of Peter’s Confidence Map, each representing a unique state of mind: the Comfort Zone, the Stress Center, the Passenger Seat, and the Launch Pad. Peter masterfully explains how these quadrants influence our decision-making and emotional responses in various situations. He also sheds light on the five F’s of panic and the five F’s of extreme competence, helping us understand how we react to uncertainty and control. These responses shape our behavior in crucial moments.
Our conversation isn’t just about theory—it’s about practical application. Peter’s wisdom offers a roadmap for entrepreneurs, traders, investors, and anyone navigating the twists and turns of the business world. His insights are a game-changer for confidently making decisions that can lead to success.
Get ready to absorb invaluable insights from Peter Atwater’s “The Confidence Map.” We’re going to walk you through how this wisdom applies to your day-to-day life, not to mention your ventures in trading and investing!
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
0:39 – TraderHeroJourney.com is the only Discord room for Traders that specifically works on the mindset of a trader 1:08 – Meet Megan Marlow 3:15 – Pivoting from cooking to trading 10:44 – Belief in herself 17:33 – Biohacking 24:56 – Handling ego 36:34 – On motivation 54:52 – Preparing to trade
From Chef to Trader: The Power of Mindset and Attitude
Megan Marlow, a senior Trader at Peak Capital trading and a devoted moderator for Bear Bull Traders, shares her journey from being a professional chef to becoming a successful Trader is both inspiring and enlightening.
A diverse skill set, cultivated during her career as a chef, has allowed her to maneuver through high-stress trading environments with ease. She attributes her success to her unwavering creativity and her ability to handle high-pressure situations. As Megan puts it, “If you can’t handle the heat in the kitchen, you are done pretty quickly.”
The pivot from the culinary world to trading might seem like a drastic change, but for Megan, it was a natural progression. As a chef, she constantly sought out cerebral challenges and desired a career that would keep her on her toes.
Trading offered her the perfect outlet for her passion for intellectual stimulation and provided a dynamic and ever-changing environment.
One of the key elements that Megan emphasizes is the importance of attitude in trading. She believes that a positive and enthusiastic mindset is crucial for success in the market. Her infectious half-glass-filled attitude is evident in everything she does, from sharing a laugh in an Uber to tackling unexpected market situations.
She firmly believes that maintaining a good attitude, even during tough times, is vital for navigating the ups and downs of trading.
Megan’s journey as a self-taught chef has instilled in her the belief that anything can be learned with the right mindset and determination. Her willingness to take on new challenges and her unwavering belief in herself have been the driving forces behind her success in both the culinary and trading worlds. She credits her ability to embrace new opportunities to her mindset of “if they can do it, why can’t I?”
Megan Marlow’s story is a testament to the power of mindset and attitude in achieving success. Whether you’re a chef, a trader, or pursuing any other career, adopting a positive attitude and believing in yourself can make all the difference!
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
Ep 78: “The Big Short” Legendary Investor Steven Eisman Talks 2023 Investing
– Traderherojourney.com is the only Discord room for Traders that specifically works on the mindset of a trader.
– Intro to Steven Eisman
– How today’s banking crisis is different
– Steven’s philosophical approach: Traders need to shift into their new paradigm
– Steven’s courage and willingness to foresee what was happening
– Steven’s perspective on First Republic
– Paradigm shifts aren’t clear until they actually happen
– Rules of thumb – investing is not a religion
– The market at its current level will be changing
– The Eisman group takes a limited amount of investors
“The Big Short” Legendary Investor Steven Eisman
Talks 2023 Investing
In this podcast episode with guest co-host Grant Williams, we delve into the legendary Steven Eisman’s career, his notable contributions, mindset and his advice on navigating the complexities of today’s financial markets.
With a remarkable career spanning over two decades, Steven Eisman has emerged as a distinguished figure in the world of finance. Beginning his journey at Oppenheimer & Co., a prominent player on Wall Street, Eisman earned the prestigious title of All-Star Analyst, as recognized by esteemed publications such as Institutional Investor and The Wall Street Journal. However, it was during his tenure as Partner and Senior Portfolio Manager at FrontPoint Financial Services Fund that Eisman made his indelible mark. His remarkable foresight and predictions of the 2008 financial crisis were immortalized in Michael Lewis’s best-selling book, “The Big Short,” which was later adapted into an award-winning film featuring Steve Carell portraying Eisman.
Today, Steven Eisman is the Managing Director at Neuberger Berman, where he spearheads the Eisman Group within the firm’s esteemed Private Asset Management division. Leveraging his wealth of experience and expertise, Eisman continues to provide invaluable guidance and insights to investors.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
