|27 Jan 2020||Profit of Rs. 27,538|
|28 Jan 2020||Profit of Rs. 24,525|
|29 Jan 2020||Profit of Rs. 28,518|
|30 Jan 2020||Profit of Rs. 56,462|
|31 Jan 2020||Profit of Rs. 20,075|
|01 Feb 2020||Profit of Rs. 131,417|
Union budget was announced on 1 Feb 2020. The market was very volatile and the Nifty and Bankifty Index broke crucial support levels. Last week, one of our traders made a profit of Rs. 60,654. Even though the market was volatile because of the union budget, our traders abled to make profits in this week as well. One of our traders made a profit of Rs. 131,417 on budget day.
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.
No matter, if there is a budget day or an election day, and everyone knows the market becomes highly volatile these days, the key parameter is to trade with proper risk management. If you know your risk and when to enter and exit, you can trade any day and at any time.