|September 28, 2020||Profit of Rs. 72,947|
|September 29, 2020||Profit of Rs. 51,826|
|September 30, 2020||Profit of Rs. 97,278|
|October 01, 2020||Profit of Rs. 173,408|
|October 02, 2020||Holiday|
September did not augur well for equity benchmarks Sensex and Nifty as both closed the month with losses. Sensex fell by 1.45 percent and Nifty dropped 1.23 percent in September. On the other hand, BSE Midcap inched up by 0.3 percent but the BSE Smallcap index logged strong gains of 3.71 percent.
Even in these market situations, one of our traders made a profit of Rs. 173,408 on October 01, 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.”
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 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.