|September 21, 2020||Profit of Rs. 150,227|
|September 22, 2020||Profit of Rs. 62,100|
|September 23, 2020||Profit of Rs. 103,704|
|September 24, 2020||Profit of Rs. 231,022|
|September 25, 2020||Profit of Rs. 149,664|
The market started off the October series on a strong note, as the Nifty50 rebounded after a day of steep correction and extended the rally in the afternoon to close above the psychologically important 11,000-mark on September 25 on expectations of a stimulus package ahead of the festival season.The S&P BSE Sensex closed 835 points higher at 37,388 while the Nifty50 gained 244 points to end at 11,050. In this week as well, one of our traders made a profit of Rs. 231,022 on September 24, 2020 highest of all other days in a 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.”
Whenever there is a 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, he will lose 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.