|May 25, 2020||Trading Holiday|
|May 26, 2020||Profit of Rs. 75,313|
|May 27, 2020||Profit of Rs. 309,847|
|May 28, 2020||Profit of Rs. 199,472|
|May 29, 2020||Profit of Rs. 45,975|
The Nifty50 and BSE Sensex rose 6 percent backed by positive global cues amid stimulus in China and in European nations, and rally in banking and financials. The benchmark indices had fallen in previous three consecutive weeks. Even in this volatile market conditions, one of our traders made a profit of Rs. 309,847 on May 27, 2020 highest of all other days in a week.
Whenever there is higher volatility in the market, there is a strong chance of unpredicted market movements and stop-loss hitting. To tackle the high volatile market, one should work with proper strategy, otherwise, there is losing money on both sides. The one having the right mentor can make profits even in bad market times. In our case, 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.
If you are not a professional 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.