029 – Interview w Michael Katz of Trade the Pool

Michael is the CEO of Trade The Pool, a well-known prop firm that gives hundreds of stock traders access to unlimited trading capital in return for a share of the profits they make.

Michael has 15+ years of experience in day trading stocks and futures and developing tech tools for traders. He has developed many trading strategies with a focus on reading a naked chart, momentum trading, and buying dips in the market. 

Before joining Trade The Pool, Michael was the head of the traders of a large trading prop firm in Tel-Aviv, Israel, and mentored thousands of traders worldwide.

Watch it here on YouTube —> https://youtu.be/T4nbZpjMAhg

Show Notes

  • Michael’s journey in starting and learning day trading by seeking out a mentor
  • When did he decided to become a mentor in the trading space and formalize it as a business operation
  • How he got the background and skillset to develop the FinTech apps
  • Taking a big leap from mentoring people to being the CEO of Trade the Pool
  • How the trade revolution platform got him off the Trade the Pool Prop Firm and the adjustment he had made when entering the new Prop Firm
  • The four different tiers and the standard profit goal and the percent drawdown between the tiers
  • Profit goal has to be double whatever your drawdown is
  • Is the Trade the Pool prop firm focuses on forex or do they also do stocks
  • His Prop firm plans for further expansion
  • The obstacles that traders run into which keeps them from making consistent profits
  • How does the process work when he is onboarding a trader and do the trader need to use any other platform

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