306 · Michael Katz - Prop Goes the Trader

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 27 August 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Online funding prop firms have captured the attention of traders in recent years. In this episode, the CEO of Trade The Pool, Michael Katz, joins the podcast to answer key questions and offer perspective from inside one of the leading firms. The conversation explores how these firms operate, what they mean for traders, and the common debates surrounding them. The goal is not promotion of prop firms, but to pull back the curtain and provide a clearer understanding of the role prop firms play in today’s trading landscape. Links + Resources: ● Trade The Pool: http://www.tradethepool.com Sponsors of Chat With Traders Podcast: ● Trade The Pool: http://www.tradethepool.com ● Plus500: Try futures trading with Plus500 >> Start with a FREE demo or claim a bonus up to $200 with an open account 👉https://us.plus500.com Trading futures involves the risk of loss and is not suitable for every investor. Time Stamps: Please note - Exact times will vary depending on current ads. ● 00:00 Introduction and background ● 05:02 Attraction to Funding Prop Firms ● 06:06 Risk Management and Evaluation Fees ● 10:08 Misconceptions About Prop Firms ● 11:58 Education and Community Support ● 15:35 Trading Evaluation Process ● 18:47 Success Rates and Trader Psychology ● 20:04 Adjusting Strategies for Prop Trading ● 22:07 Rules and Boundaries in Trading ● 27:51 Success Stories and Learning Curves ● 28:58 Psychology of Funded Trading ● 31:52 Trader Retention and Patterns ● 33:54 Scaling and Risk Management ● 38:42 Payout Rules and Compliance ● 40:29 Adapting Rules for Trader Success Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Markets, Speculation, and Risk.
0:05.8	This is the Chat with Traders podcast.
0:13.0	Welcome to Chat with Traders, episode 306.
0:16.9	I'm Tessa, your co-host, and today we have a special episode.
0:22.5	We're diving into a topic that has really captured the attention of traders in recent years, prop firms. Now, I'm not talking about
0:28.6	the traditional brick-and-mortar firms that first made waves in the early 2000s. I'm talking about a
0:34.4	newer generation, the online funding prop firms that began to surface around
0:39.4	2015 and really gained momentum during the COVID era and still growing.
0:45.4	Since Trade the Pool, one of these pro firms, has been a longtime sponsor, supporter of the podcast,
0:51.4	we thought it would be the perfect opportunity to bring on their CEO,
0:55.2	Michael Katz. In this conversation, I'll be asking him some of the big questions that traders,
1:01.0	myself included, have been curious about, now whether you use these proff firms or not,
1:06.6	whether you like them or not, we hope you can at least keep an open mind for this episode.
1:11.7	I am a developing trader like many of you and am constantly trying to learn and grow as a
1:17.6	trader and find ways to help me in my trading journey and share them with you. So to be clear,
1:23.8	the main purpose of this episode is not about promoting prop firms. Instead, it's about
1:30.0	pulling back the curtain and gaining a better understanding of how these firms operate, well,
1:35.5	at least from trade the pool's perspective, what they mean for traders and the questions
1:41.0	that often surround them. So we hope you enjoy this episode and learn something from it.
1:46.5	Let's dive right in.
1:48.2	Ladies and gentlemen, we're so pleased to introduce Michael Katz from Trade the Pool.
1:55.9	Hey, Michael, welcome to chat with traders.
	...

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