The Day Trading Show

I’ve been trading perps on stream, and the more time I spend with them, the more questions I have. So I brought Lou, founder and CEO of Propr, onto The Day Trading Show to get into it.
We start with the basics: what perpetual futures are, how funding rates work, and how trading a perp differs from owning crypto or a tokenized stock.
Then we get into the business behind the accounts. How does Propr make money? What happens when traders win? How does the firm decide which traders to follow with real money?

Trade Perps With PROPR - Code ASFX - www.asfx.biz/propr

Lou walks through Propr’s dashboard and explains how they use trader data and hedging to help offset payouts. He also explains the tradeoff behind more favorable rules: execution quality, liquidity, and slippage still matter, especially if you’re used to scalping ES or NQ.

We compare the Turbo, Classic, and Pro challenges, discuss static drawdown, and look at which accounts Lou says have the highest pass rates. We also get into his outlook on Bitcoin, quantum computing concerns, and where he thinks Hyperliquid could take this market.

Would you try perps, or are you sticking with futures? Let me know in the comments.

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00:00 Preview
01:14 Meet Lou, founder and CEO of Propr
01:44 What are perps? Funding rates explained
03:46 What is Hyperliquid?
04:41 Perps vs. spot crypto
05:31 Trading perps beyond crypto
06:14 New markets, oracle risks, and liquidity
08:24 Perps vs. tokenized assets
09:57 Why Lou started Propr
13:02 Why choose a perps prop firm?
14:24 The tradeoff behind more favorable rules
16:40 Scalping vs. swing trading perps
18:00 Static drawdown and execution costs
19:45 Propr’s most popular account
20:29 Can Bitcoin make new all-time highs?
24:20 Bitcoin and quantum computing concerns
27:45 How Propr makes money
29:17 How Propr selects traders to replicate
30:48 Hedging trader exposure
33:12 Managing liquidation and volatility risks
35:52 Turbo vs. Classic vs. Pro challenges
39:43 What are Propr traders actually trading?
41:20 Trading equities and earnings through perps
42:44 Hyperliquid’s growth and competition with CME
45:16 Platform costs and prop firm pricing
46:40 Which trading styles fit perps?
47:23 Closing thoughts and where to find Propr

Jen Ketter is back on The Day Trading Show with a lot to catch up on: almost $50,000 in payouts from Tradeify, a live account call-up three weeks after having her third baby, and a big update on her goal of replacing her husband’s income.

We talk about how trading and building her personal brand have created more choices for her family, why she scaled back during pregnancy, and what happened when she lost accounts she’d already taken multiple payouts from.

Jen also shares what changed her approach to risk-to-reward. Looking back at her own trades, she saw how chasing bigger wins was costing her. We get into taking profits, handling losses that wipe out several green days, and learning to recover from drawdown without throwing the account away.

We also discuss her return to Team Bull, learning options, why she prefers certain prop accounts, and why she chose the opportunity to trade live over taking a cash offer to stay in sim.

Jen will also be joining us as a speaker at our May bootcamp. Excited for you guys to hear this conversation.
Tickets are on sale now for next year's Bootcamp - https://asfx.biz/bootcamp/

What’s one belief about trading you’ve changed your mind on? Let me know in the comments.

Subscribe for more episodes of The Day Trading Show.

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00:00 Preview
01:13 Jen Ketter returns
02:18 Why Jen returned to Team Bull
04:08 Learning options and returning to streaming
05:19 Team Bull’s Colorado trading floor
07:19 Why futures traders hesitate to try options
09:43 Trading and life with a newborn
11:44 An update on replacing her husband’s income
15:32 Partnering with Tradeify
19:03 Scaling back and trading through pregnancy
21:06 Almost $50K in payouts and the live call-up
21:37 Breaking down Jen’s live account allocation
24:19 Choosing live trading over a cash offer
26:25 Trading platforms and execution issues
29:18 How Jen changed her view on risk-to-reward
33:23 Patience, losses, and recovering from drawdown
37:26 Jen’s preferred Tradeify accounts
39:42 Why she prefers $150K Lightning accounts
41:39 Consistency rules and instant funding
43:17 Copy trading and managing multiple accounts
46:06 Speaking at the May bootcamp
47:48 More women in the trading community
50:24 Sharing the full trading journey
52:10 Where to follow Jen and what’s next

Desi joins me to tell the story behind a Tesla options position he says was up roughly $750,000 after the election—and the years of trading that came before it.
Options Prop with Vanquish - https://www.asfx.biz/vanquish - code ASFX
We talk about starting with penny stocks, trading around a full-time job, and the $30,000 SPY put trade that helped him build his capital during COVID. He also explains why he now prefers futures for everyday scalping while keeping options for individual stocks with a clear catalyst.
Then we get into position sizing, managing 0DTE risk, choosing contracts, and knowing when bigger size starts affecting your decisions. Desi also shares why trading his own money hasn’t automatically translated into passing prop firm evaluations.
We finish with selling options for premium, covered calls, building a long-term portfolio, and how he creates the supply and demand levels behind his daily watchlist.

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01:18 Meet Desi: How He Started Trading
04:27 Trading Around a Full-Time Job
05:49 The $30K SPY Put Trade During COVID
09:40 The Tesla Options Position That Reached a $750K Gain
13:20 Family, Business & Learning to Work Hard
14:53 Pursuing Trading When Friends Didn’t Believe in It
17:04 Why He Started With Options
20:21 When He Chooses Options vs. Futures
24:35 Managing Options Risk & “Sizing for Zero”
26:37 Using Delta & Price Levels to Estimate Risk
28:47 Choosing Contracts for Scalping
31:01 Prop Trading vs. Trading Your Own Capital
33:47 Why Desi Has Struggled With Prop Evaluations
35:42 Scaling Position Size With Performance
39:06 Finding Your Limit With Bigger Positions
40:54 What New Options Traders Should Focus On
43:01 Selling Premium: Capital Requirements & Risk
45:21 Building a Portfolio & Selling Covered Calls
49:51 Levels: Watchlists, Preparation & Chart Analysis
53:10 Learning to Mark Your Own Levels
55:15 Gamma, GEX & Different Ways to Read the Market
57:08 Why Your Execution Still Matters Most
58:36 Trading Events, Community & Closing Thoughts

Krista, known as Fit Mom Trader, joins me to break down her reported $165,000 in prop firm payouts, the strategies she trades, and how she balances trading with raising three kids.
We talk about her $62,000 payout month, what she spent on evaluations, and the mistakes she’s still working through. She explains why she prefers evaluations over instant funding, how she uses journaling to catch emotional patterns, and why chasing payout requirements led to blown accounts.

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00:00 Preview
01:24 Meet Christa: Fit Mom Trader
03:26 Balancing Trading & Raising Three Kids
06:22 From Gym Owner to Futures Trader
07:52 Her Initial Balance Strategy Explained
12:17 How She Trades the Asia Session
14:36 Opening Range Setups & VWAP
15:30 Managing Trades, Stops & Profit Targets
18:18 Getting Started With Prop Firms
21:17 Evaluations vs. Instant Funded Accounts
24:24 $165K in Payouts: The Numbers & Evaluation Fees
26:38 Cutting Spending & Keeping Accounts Longer
27:22 Going Live vs. Trading Your Own Money
30:39 Overtrading, Revenge Trading & Emotional Triggers
33:43 Journaling Tips & Daily Report Cards
35:57 Mental Preparation Before Trading
39:13 The Compound Effect & Fixing One Mistake at a Time
41:59 NQ Chart Breakdown: Initial Balance & VWAP
45:46 Taking Partials & Using Extension Targets
46:30 Asia Session Gold Chart Breakdown
49:45 Choosing a Trading Session That Fits Your Life
50:54 Who Christa Helps Through Coaching
51:52 Final Thoughts & Questions for Part Two

I sat down with the MenthorQ CEO to discuss the reality of data access and the evolving market landscape of 2026.

Check out MenthorQ -- https://menthorq.com/?aff=ASFX

We break down the challenges traders face when trying to utilize massive amounts of data effectively. It is no longer just about having the information; it is about how you process it in a market dominated by rapid AI advancements. The MenthorQ CEO offers a realistic perspective on what stays relevant when technology moves this fast.

We also look at the current state of popular trading platforms, including TradingView, NinjaTrader, TrendSpider, and ATAS. Whether you are focusing on futures trading or looking to upgrade your day trading tools, this conversation highlights where the industry is heading and what you actually need to stay competitive.

Subscribe for weekly trading strategy breakdowns. Let me know in the comments if you want to see more interviews with software developers.

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