This week was tough as US-Iran tension arises. The market fell from a lifetime high and this news results in increased volatility. No matter what the news is, an intraday trader always looks for opportunities. Due to increase volatilities, there was a great chance of stop loss to get hit. But we have learned how to hedge our positions and take trades even in a highly volatile market. As usual, this week went well and we abled to make some profits at the end of the week. The major profit came on a weekly expiry day where one of our traders booked a profit of Rs. 1,62,439. Making this profit in the high volatile market was quite tough. But it is possible to make an even bigger profit if you know how to trade in this volatile market.
|06 Jan 2020||Profit of Rs. 44,273|
|07 Jan 2020||Profit of Rs. 41,109|
|08 Jan 2020||Profit of Rs. 19,374|
|09 Jan 2020||Profit of Rs. 1,62,439|
|10 Jan 2020||Profit of Rs. 54,154|
All these profits were made under the guidance of Mr. Yogeshwar sir who taught us how to trade and manage risk properly. If you can manage your risk and identify the right entry and exit points, you can end your week in profits.
Whenever there is high volatility in the market, then there is a great chance of stop-loss getting hit. There is also an equal opportunity to make a big profit than the expected one in this market only. Such opportunities do not come every day and when it comes, we have to be prepared for the outcome. Give a chance to your self at least once in a month and see the difference in risk to reward ratio. But make sure, you are trading with proper risk management, else you will blow your entire capital.
If you are a safe trader, better is to watch the market, and not take any position. Not taking any position and saving money is also a position in the market which helps to keep you in the market for a longer period of time.