Small and mid-caps outperformed despite the IMF below 5 percent. The market was volatile due to global news and the impact of quarterly results of major stocks also contributed to the same. This week went well as usual. Last week, one of our traders made a profit of Rs. 1,26,956. This week, the percentage of profit is less than the earlier week but we manage to end our week in profit. One of our traders made a profit of Rs. 60,654 on 24 January 2020.
|20 Jan 2020||Profit of Rs. 34,159|
|21 Jan 2020||Profit of Rs. 22,110|
|22 Jan 2020||Profit of Rs. 17,464|
|23 Jan 2020||Profit of Rs. 50,935|
|24 Jan 2020||Profit of Rs. 60,654|
Comparing this profit with last week profits, it is half of what we have made in the last week. Making a consistent profit should be the ideal approach rather than looking at the percentage of profits. Yogeshwar sir always teach one important rule of stock market which is
“Always work on reducing your risk and never allow yourself to take a big loss.”
If you want to stay in the stock market game, then you should work on making a consistent profit and reducing our risk. Risk management is the key to success here. I believe, people who don’t follow proper risk management, always find themselves in the struggle. No doubt, you would have made a big profit some days. But the real challenge is to maintain that kind of profits everyday day. If you are making Rs. One lack in a day and losing the same on other days. You are actually not working as a professional trader. I can assume this sort of profit-making is through gambling.
What we have learned at Pathfinders Trainings, you can see the results of that learning by looking at the profits made by professional traders. Every trade is good, even you make less profit. But working on not making big losses in the market should be our priority. If we have the capital to play in the market, our small loss can be turned into small profit and with consistency, into big profit.