Michael Patton / Funder Trading - Breaking into Prop Trading

Minds of Markets

This episode of the Minds of Markets podcast, hosted by trading expert Scott Bauer, features a compelling conversation with Michael Patton, the owner of the proprietary trading firm Funder Trading. This episode delves into Patton's unique journey from social services to the world of trading, highlighting his transition to the often-misunderstood realm of proprietary (prop) trading.

Patton candidly shares his initial unfamiliarity with trading and his path from mechanical engineering aspirations to discovering a passion for trading, transitioning from social services to eventually founding his own prop trading firm.

The episode offers a deep dive into the intricacies of prop trading, where Patton started with minimal capital and faced numerous challenges in accessing and growing funds. He talks about the evolution of prop trading firms and how the landscape has shifted from open-door policies to more selective, pedigree-based hiring.

A key focus of the episode is the innovative approach of Funder Trading. Unlike traditional prop firms that often require significant capital or pedigree, Funder Trading provides a more accessible path for passionate traders. The firm offers substantial initial buying power and a unique coaching program led by Patton, where he applies his years of experience to guide and support new traders.

Patton's insights into the nuances of trading, including his strategic shift to options trading, provide valuable lessons for both novice and experienced traders. His emphasis on consistency over grand-slam trades reflects a mature, sustainable approach to the markets.

This episode is a must-listen for anyone interested in the real-world experiences of a self-made trader and the innovative approaches reshaping the world of prop trading. Whether you're a seasoned trader or just starting, Patton's journey and insights offer a wealth of knowledge and inspiration.

For more insights and guidance from Michael Patton, visit Funder Trading at:
https://secure.fundertrading.com/funder-eligibility-quiz
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