Featured Line: From Struggle to £187K
Introduction
I’m Simranjit Singh, and in 30 days, I made £187,000 through prop firm payouts. It wasn’t luck or gambling – it was the result of years of experience, refined strategies, and a deep understanding of market psychology. This case study will take you through my trading journey, from early failures to my breakthrough moment, the specific methods I use, and the lessons every trader can learn from my experience.
Trader Talks QnA
How did you get started in trading?
I started my trading journey like many others – with personal accounts and small amounts of capital. Initially, I was just gambling, not真正 trading. I made all the classic mistakes: overleveraging, lacking a proper strategy, and letting emotions drive my decisions. I lost money consistently and felt frustrated. But I was determined to learn.
What was your turning point?
My breakthrough came when I realized I needed to approach trading systematically. I stopped focusing on individual trades and started looking at the bigger picture. I developed a structured approach that involved multiple time frame analysis, strict risk management, and most importantly, psychological discipline. I also learned to treat trading like a business, not a gamble.
How do you approach stock analysis?
I focus heavily on price action. I start with the monthly chart, then move to weekly and daily to identify supply and demand zones. The hourly chart becomes my main reference for intraday setups. I look for confluence between these levels and key chart patterns like trend lines, double tops/bottoms, and head and shoulders. For execution, I monitor the 5-minute and 1-minute charts to time entries precisely.
Can you explain your risk management strategy?
Risk management is non-negotiable. I divide my daily risk allowance across multiple trades – never putting all my risk into one position. I typically risk 1-3 R per trade, with a maximum of three trades per day. I use hotkeys to pre-set stop losses and profit targets (25% at 2R, 50% at 4R, 25% at 8R). This systematic approach removes emotion and ensures I can trail positions effectively.
How do you handle position sizing and scaling?
I’m a scaler, but I have a specific approach. I enter full size initially, then scale out at predetermined levels using hotkeys. This gives me room to trail the remaining position while locking in profits systematically. I never scale into losing positions – if a trade isn’t working, I cut and move on. The key is having a pre-planned exit strategy before entering.
What tools and platforms do you use?
I rely on multiple time frame charts (hourly, 5-minute, 1-minute) for analysis. For execution, I use hotkeys extensively – they’re game-changers for setting stops and targets quickly. I also monitor order flow and footprint data to identify liquidity zones where big players are active. Having confluence across different analysis methods gives me confidence in my setups.
Simranjit Singh Trade Statistics
My recent 30-day period with prop firm payouts demonstrates the power of consistent execution. Here’s a breakdown of my performance metrics and trading statistics during this high-profit period:
- £187,000 generated across 3 prop firms in 30 days
- Average of 2-3 trades per day across multiple markets
- Strict 1-3 R risk per trade with systematic position sizing
- Focus on high-volatility, liquid stocks like Tesla, NQ, and tech names
| Period | Profit | Performance Category | Trades/Day |
|---|---|---|---|
| Day 1-10 | £45,000 | Strong | 2-3 |
| Day 11-20 | £78,000 | Excellent | 2-4 |
| Day 21-30 | £64,000 | Strong | 1-3 |
Key Trading Insights from Simranjit Singh
After years of trial and error, I’ve distilled my trading success into several key principles that every trader should understand:
- Approach trading as a business with systematic methods, not gambling
- Always divide risk across multiple trades rather than concentrating it
- Use multiple time frame analysis for confirmation and better timing
- Develop psychological resilience to handle both wins and losses
Simranjit Singh Trading Strategy
My approach centers around price action trading with a strong emphasis on risk management and systematic execution. Here are the core components of my strategy:
Multi-Time Frame Analysis
I begin my analysis with larger time frames to identify key support/resistance levels and overall market structure. Starting with monthly charts, I work down to weekly, daily, and finally hourly charts. This gives me context for intraday setups. For execution, I monitor 5-minute and 1-minute charts to time entries and manage positions effectively.
Supply and Demand Trading
I identify key supply (resistance) and demand (support) zones where institutional players are likely active. Rather than drawing single lines, I mark these as bands to account for the natural range around these levels. I look for confluence between these zones and chart patterns like trend lines, double tops/bottoms, and other reversal patterns.
Dynamic Risk Management
My risk management system is built around hotkeys that pre-set stop losses and profit targets. I risk 1-3 R per trade maximum, with a daily cap on total risk exposure. I divide this risk across 2-3 trades per day, never putting all my eggs in one basket. This systematic approach helps me maintain consistency even during challenging market conditions.
Position Scaling and Trailing
I scale out of winning positions systematically using predetermined targets (25% at 2R, 50% at 4R, 25% at 8R). This allows me to lock in profits while maintaining room to trail the remaining position. I trail using lower highs on shorter time frames and key levels on higher time frames, adjusting as market conditions evolve.
Simranjit Singh Tools
My trading setup relies on several key tools and platforms that enable efficient execution and analysis:
- Multi-time frame charts – Hourly, 5-minute, and 1-minute for analysis and execution
- Hotkey systems – Pre-programmed keys for rapid stop loss and target setting
- Order flow analysis – Monitoring liquidity zones and institutional activity
- Chart pattern recognition – Identifying key reversal patterns and trend structures
Common Trading Mistakes to Avoid
Based on my journey and observations of other traders, here are critical mistakes to avoid:
- Overtrading and lack of patience – Waiting for quality setups is crucial rather than forcing trades
- Emotional decision making – Revenge trading after losses destroys accounts quickly
- Poor risk management – Never risk more than you can afford to lose on any single trade
- Ignoring market context – Every trade should align with broader market conditions and your strategy
Conclusion
Making £187,000 in 30 days through prop firm payouts wasn’t about luck – it was the culmination of years of learning, systematic approach, and disciplined execution. Every trader starts somewhere, and the key is persistence, continuous learning, and treating trading as a serious business. If you’re serious about improving your trading, focus on developing a solid foundation in risk management, price action analysis, and psychological discipline.
What aspects of my trading approach would you like to implement in your own strategy? Share your thoughts in the comments below, and consider subscribing for more insights into successful trading methods.