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On this episode of the Words of Rizdom podcast we are joined by Simranjit Singh. In the space of 30 days he has achieved £187,000 in prop firm payouts across 3 prop firms. He explains his journey of what he had to grow through in order to achieve this feat. Was he just gambling? Was he just lucky? Or was it truly trading with an edge?
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Simran's Socials:

  / simranjit03  

https://x.com/ghostwavvy

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Riz’s Instagram:   / wordsofrizdom  

Riz’s Twitter:   / wordsof_rizdom  

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🔴 Free Telegram Community! 👉🏽 https://t.me/pocketsofrizdom

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I hope you all enjoy this episode, let me know who you'd like to see on the podcast. 🙏🏽

SUBSCRIBE BELOW! Turn your notification bell on so you can be notified when videos like this get dropped. Drop a like on the video to help this channel grow. 💪🏽

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Timestamps:
00:00:00 - Intro
00:03:49 - Trading on the Phone
00:07:31 - Trading Multiple Sessions
00:11:16 - Varying Risk for Profitability
00:15:19 - Dynamic Risk Management Strategy
00:19:12 - Risk Management and Trading Strategy Explanation
00:22:50 - From Personal Account Trading to Gambling
00:26:36 - Trading Journey and Mistakes
00:30:05 - Finding Stability in Trading
00:33:32 - Overcoming Overleveraging and Developing a Flexible Trading Strategy
00:37:09 - The Big Payout and Revenge Trading
00:40:37 - Passion and Payouts
00:44:12 - The Importance of Risk Management in Trading
00:48:04 - Trading Strategy Success
00:51:41 - Holding Short Position and Personal Accounts
00:55:06 - Trust in Prop Firms
00:58:42 - The Power of Dynamic Risk Management
01:02:13 - Dealing with Negative People on Twitter
01:05:46 - Learn the Skills First, Then Make Money
01:09:20 - The Psychology of Profitability in Trading
01:12:45 - Conclusion
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DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational purposes only

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#trading #forex #forextrading #xauusd #propfirm